Common use of Financial Provisions for Individual Exchange Clause in Contracts

Financial Provisions for Individual Exchange. The provisions of this Section 5.01 shall apply with respect to the Individual Exchange. (a) Schedule of Rates. The Exchange and Contractor have agreed upon monthly premium rates (“Monthly Rates”) payable to Contractor as compensation for Services provided under this Agreement. The Monthly Rates for the Individual the Exchange for plan year 2014-XXXX are set forth at Attachment 8 (“Monthly Rates - Individual Exchange”). The parties acknowledge and agree that the premium amounts set forth under the Monthly Rates are actuarially determined to assure that premium revenues and cost sharing contributions will provide the total dollar amount necessary to support (i) the provision of Covered Services by Contractor through its Certified QHPs, (ii) administrative expenses and reasonable reserves required by Contractor to meet the requirements outlined in this Agreement and in accordance with applicable laws, rules and regulations, and (iii) the payment by Contractor of the Participation Fee, as further described in Section 5.03.

Appears in 4 contracts

Samples: Qualified Health Plan Contract, Qualified Health Plan Contract, Qualified Health Plan Contract

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Financial Provisions for Individual Exchange. The provisions of this Section 5.01 shall apply with respect to the Individual Exchange. (a) Schedule of Rates. The Exchange and Contractor have agreed upon monthly premium rates (“Monthly Rates”) payable to Contractor as compensation for Services provided under this Agreement. The Monthly Rates for the Individual the Exchange for plan year 2014-XXXX 2014 are set forth at Attachment 8 (“Monthly Rates - Individual Exchange”). The parties acknowledge and agree that the premium amounts set forth under the Monthly Rates are actuarially determined to assure that premium revenues and cost sharing contributions will provide the total dollar amount necessary to support (i) the provision of Covered Services by Contractor through its Certified QHPsSADPs, (ii) administrative expenses and reasonable reserves required by Contractor to meet the requirements outlined in this Agreement and in accordance with applicable laws, rules and regulations, and (iii) the payment by Contractor of the Participation Fee, as further described in Section 5.03.

Appears in 2 contracts

Samples: Stand Alone Dental Plan Contract, Stand Alone Dental Plan Contract

Financial Provisions for Individual Exchange. The provisions of this Section 5.01 shall apply with respect to the Individual Exchange. (a) Schedule of Rates. The Exchange and Contractor have agreed upon monthly premium rates (“Monthly Rates”) payable to Contractor as compensation for Services provided under this Agreement. The Monthly Rates for the Individual the Exchange for plan year 2014-XXXX 2014 are set forth at Attachment 8 (“Monthly Rates - Individual Exchange”). The parties acknowledge and agree that the premium amounts set forth under the Monthly Rates are actuarially determined to assure that premium revenues and cost sharing contributions will provide the total dollar amount necessary to support (i) the provision of Covered Services by Contractor through its Certified QHPsSADPs, (ii) administrative expenses and reasonable reserves required by Contractor to meet the requirements outlined in this Agreement and in accordance with applicable laws, rules and regulations, and (iii) the payment by Contractor of the Participation Fee, as further described in Section 5.03.

Appears in 1 contract

Samples: Stand Alone Dental Plan Contract

Financial Provisions for Individual Exchange. The provisions of this Section 5.01 shall apply with respect to the Individual Exchange. (a) Schedule of Rates. The Exchange and Contractor have agreed upon monthly premium rates (“Monthly Rates”) payable to Contractor as compensation for Services provided under this Agreement. The Monthly Rates for the Individual the Exchange for plan year 2014-XXXX 2015 are set forth at Attachment 8 (“Monthly Rates - Individual Exchange”). The parties acknowledge and agree that the premium amounts set forth under the Monthly Rates are actuarially determined to assure that premium revenues and cost sharing contributions will provide the total dollar amount necessary to support (i) the provision of Covered Services by Contractor through its Certified QHPsQDPs, (ii) administrative expenses and reasonable reserves required by Contractor to meet the requirements outlined in this Agreement and in accordance with applicable laws, rules and regulations, and (iii) the payment by Contractor of the Participation Fee, as further described in Section 5.03.

Appears in 1 contract

Samples: Qualified Dental Plan Contract

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Financial Provisions for Individual Exchange. The provisions of this Section 5.01 shall apply with respect to the Individual Exchange. (a) Schedule of Rates. The Exchange and Contractor have agreed upon monthly premium rates (“Monthly Rates”) payable to Contractor as compensation for Services provided under this Agreement. The Monthly Rates for the Individual the Exchange for plan year 2014-XXXX 2015 are set forth at Attachment 8 (“Monthly Rates - Individual Exchange”). The parties acknowledge and agree that the premium amounts set forth under the Monthly Rates are actuarially determined to assure that premium revenues and cost sharing contributions will provide the total dollar amount necessary to support (i) the provision of Covered Services by Contractor through its Certified QHPs, (ii) administrative expenses and reasonable reserves required by Contractor to meet the requirements outlined in this Agreement and in accordance with applicable laws, rules and regulations, and (iii) the payment by Contractor of the Participation Fee, as further described in Section 5.03.

Appears in 1 contract

Samples: Qualified Health Plan Contract

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