Benefit Plan Changes. The Company reserves the right to modify the terms of this Benefit Plan. Changes will be effective upon renewal of the Contract and proceeded by not less than sixty (60) day notice to the Group. No change or waiver of any Benefit Plan provision will be effective until approved by the Company's chief executive officer or other person authorized to make changes.
Benefit Plan Changes. 1 The term "Employee Benefit Plans" will refer to the following plans or to their successors.
Benefit Plan Changes. Subject to all applicable laws, We reserve the right to modify the terms of this Benefit Plan. Changes will be effective upon renewal of the Contract and preceded by not less than sixty (60) days notice to the University. No change or waiver of any Benefit Plan provision will be effective until approved by Our chief executive officer or his delegate.
Benefit Plan Changes. The benefits available to Resident are subject to change in accordance with Hospital's benefit plans for exempt employees.
Benefit Plan Changes. The Company reserves the right to modify the terms of this Benefit Plan. Changes will be effective upon renewal of the Contract and preceded by not less than sixty (60) day notice to the Group. No change or waiver of any Benefit Plan provision will be effective until approved by the Company's chief executive officer or other person authorized to make changes. Identification Cards and Benefit Plans We will prepare an identification card for each Subscriber. We will issue a Benefit Plan to the Group and print a sufficient number of copies of the Benefit Plan for Group’s Subscribers. At the direction of Group, We will either deliver all materials to the Group for Group’s distribution to the Subscribers, or We will deliver the Subscriber materials directly to each Subscriber. The Subscriber’s copy of the Benefit Plan shall serve as his certificate of coverage. Unless otherwise agreed between the Group and Us, the Group has the sole responsibility for distributing all such documents to Subscribers. Payment of Premiums Our premiums for the Benefit Plan may increase after the Group’s first twelve ( 12) months of coverage and every six (6) months thereafter, except when premiums may increase more frequently as described in the following paragraph. Except as provided in the following paragraph, the Company will give forty- five (45) days written notice to the Group at the last address shown in the Company's records regarding any change in rates. Such increase in premiums will become effective on the date specified in the notice and continued payment of premiums will constitute acceptance of the change. We reserve the right to increase the premiums more often than stated above due to the Group’s addition of a newly covered person or entity not previously considered in the rate determination process at any time during the life of the Benefit Plan. Additionally, the Company reserves the right to increase the premium amount because of: (1) any change in age or geographic location of any individual insured or policyholder;
Benefit Plan Changes. In the event that the Company changes carriers, the Company agrees that benefits and services will not be reduced as a result of a change in the carrier. The Company shall provide the Union with the current copies of the Plan Text from the benefit providers.
Benefit Plan Changes. 31.01 Before modifying the benefits plan of the Company, the Company shall meet with the Union in order to communicate the modifications to the plan. The Union shall submit their suggestions and recommendations within thirty (30) calendar days following the above mentioned meeting.
Benefit Plan Changes. The Court agrees to investigate other health benefit programs that are comparable to the existing plan and cost- efficient to the Court and Court employees. Should health benefit programs become available that are comparable and cost-efficient to the parties, the Court will transfer employees out of the current Flexible Benefits Program and into a new Flexible Benefits Program.
Benefit Plan Changes. There are no changes to the products, programs, current or proposed benefit plans. • Regulatory change: There are no legislative, regulatory or enforcement actions that cause a material change to: - Benefits offered - Claim payment requirements or procedures - Taxes, fees, or assessments - Any other changes affecting the manner or cost of providing coverage that is required because of legislative or regulatory action • Medicare Part D: Aetna reserves the right to change the Medicare Part D premium, including the Medicare Part D component of the MAPD rate, or restructure the Part D plan design or formulary for the 2022-2023 plan years if any changes are made to the laws, rules and/or regulations applicable to the Medicare Part D program. including, but not limited to: - elimination of safe harbor protection under the federal Anti-Kickback Statute (AKS) for drug manufacturer rebates or other price concessions - establishment of new safe harbor protection under the AKS for certain point-of-sale reductions in drug pricing - mandatory point-of-sale rebates / price concessions - changes to the drug manufacturer coverage gap discount program - changes to federal Part D subsidies, including changes to catastrophic reinsurance The premium developed in this proposal excludes any additional income-related Medicare Part D premium payments required of Medicare-eligible members in order for the member to be eligible for the Part D product. Aetna Inc. reserves the right to review and possibly modify or terminate the guarantee arrangement if there is enactment of legislation (either state or federal) which impacts the ability of Aetna Inc. to contract for efficient, cost effective pharmacy care. Aetna reserves the right to communicate with enrolled members regarding opportunities to reduce out of pocket prescription drug costs. This guarantee assumes that our current experience-rating renewal methodology for groups with at least 400 subscribers will continue to be the accepted and approved methodology for renewals effective 2022 or 2023. If this is not the case, this guarantee will be reviewed and may require revision. The 2022, and 2023 supplemental premium rates are limited to prescription drugs covered by either Aetna’s Group B2 formulary, with additional coverage for certain non-part D drugs as of January 1, 2020. Aetna reserves the right to adjust the level of the guaranteed increase per any request for 2022–2023 formulary coverage expansion. Unless specifically addr...
Benefit Plan Changes. No change will be made in the carrier or the coverage provided in any of the benefit plans without prior consultation with the Union.
