Contract rate

See: premium rate.
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A charge levied by carriers selling capacity forward over a given route to a shipper or forwarder; the client is therefore assured of capacity which must be paid for regardless of load carried.

Contract year

Twelve consecutive months starting with the beginning date of coverage; this period may not always coincide with a calendar year.
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This period runs from the effective date to the expiration of the contract.

Contractor

1. See insurance carrier. 2. See fiscal agent. 3. See fiscal intermediary. 4. See durable medical equipment regional carrier (DMERC). 5. See regional home health intermediary (RHHI). 6. See program safeguard contractor (PSC). Also known as insurer or carrier.

Contractor policy

Policy developed by Centers for Medicare and Medicaid Services (CMS) contractors (fiscal intermediary or carrier, affiliated contractor, provider service carrier) and used to make coverage and coding determinations. It is developed when there is an absence of national coverage policy for a service or all of the uses of a service; there is a need to interpret national coverage policy; or there is a need for local coding rules.