Deductible Credit. For the first Calendar Year of this Contract, a [Member] will receive credit for any Deductible amounts satisfied under previous coverage within the same Calendar Year that Your first Calendar Year starts under this Contract provided there has been no lapse in coverage between the previous coverage and this Contract. This credit will be applied whether Your previous coverage was under a plan with Us or with another carrier. You will be required to provide Us with adequate documentation of the amounts satisfied.
Deductible Credit. For the first Calendar Year of this Contract, a [Member] will receive credit for any Deductible amounts satisfied under previous coverage within the same Calendar Year that Your first Calendar Year starts under this Contract provided there has been no lapse in coverage between the previous coverage and this Contract. NOTE: There is no Coinsurance credit from previous coverage unless the Member is entitled to a cost sharing reduction under Federal law and as a result of an eligibility change replaces a prior contract issued by Us with this Contract where both contracts have the same classification of coverage. In addition, there is no Deductible or Coinsurance carryover into the next Calendar Year.] Maximum Out of Pocket [Tier 1] and [Tier 2] Maximum Out of Pocket [The Cash Deductible:
Deductible Credit. For the first Calendar Year of this Contract, a [Member] will receive credit for any Deductible amounts satisfied under previous coverage within the same Calendar Year that Your first Calendar Year starts under this Contract provided there has been no lapse in coverage between the previous coverage and this Contract. NOTE: There is no Coinsurance credit from previous coverage unless the Member is entitled to a cost sharing reduction under Federal law and as a result of an eligibility change replaces a prior contract issued by Us with this Contract where both contracts have the same classification of coverage. In addition, there is no Deductible or Coinsurance carryover into the next Calendar Year.] [The Cash Deductible:
Deductible Credit. Purchaser covenants and agrees that each Continuing Employee shall receive full credit under Purchaser’s group health plans, for the year in which the Effective Time occurs, for any deductible or co-payment incurred by the Continuing Employee prior to the Effective Time under the applicable Company Benefit Plan and for any other out-of-pocket expenses that count against any maximum out-of-pocket expense provision of the applicable Company Benefit Plan or Purchaser’s group health plans.
Deductible Credit the Insurer agrees to waive the All Property Deductible indicated in the Policy Declarations up to a maximum of $500 when the loss or damage insured by this form exceeds $10,000. This clause does NOT apply:
i) to any loss or damage resulting from Earthquake; or
ii) if a Unique and/or Defined Deductible Endorsement is indicated in the Policy Declarations; or
iii) to any Vacant or Rented dwelling. The Deductible Credit is applicable only if the Insured has been insured with Economical Mutual Insurance Company for no less than 2 (two) consecutive years, during which time the Insured has been claims free (no paid claims).
