C.F.R. » Title 45 » CHAPTER VIII—OFFICE OF PERSONNEL MANAGEMENT › PART 800—MULTI-STATE PLAN PROGRAM › Subpart D—Application and Contracting Procedures

45 C.F.R. § 800.304

Term of the contract

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(a) Term of a contract. The term of the contract will be specified in the MSP Program contract and must be for a period of at least the 12 consecutive months defined as the plan year.

(b) Plan year. The plan year is a consecutive 12-month period during which an MSP option provides coverage for health benefits. A plan year may be a calendar year or otherwise.