Guaranty Association. This is a fully assessable benefit plan. In the event that the multiple employer self-insured health plan is unable to pay its obligations, participating employers shall be required to contribute on a joint and several basis the funds necessary to meet any unpaid obligations. Certain other major protections offered to Ohio residents under the Ohio Insurance Code and Rules and Regulations, such as conversion rights and certain mandated or required benefits, may not be available through the multiple employer self-insured plan. The applicant requests participation for its employees in the Trust. Billing & Collections Guidelines Although the contract period is one year, payment of Health Care Fees will be required monthly. The following guidelines will be used for the Billing and Collection of the Health Care Fee:
Guaranty Association. This is a fully assessable benefit plan. In the event that the multiple employer self-insured health plan is unable to pay its obligations, Participating Employers shall be required to contribute the funds necessary to meet any unpaid obligations. Any such assessment will be determined using a reasonable proportionate methodology. The Plan does provide certain protections to Plan Sponsors regarding this assessment. Please see the Plan Document and Administrative & Compliance Guide for details. Certain other major protections offered to Ohio residents under the Ohio Insurance Code and Rules and Regulations, such as certain mandated or required benefits, may not be available through the multiple employer self-insured plan. 2. I acknowledge and agree that the Funding Rate and any other amounts I contribute to the MEWA may be commingled with contributions made by all other Participating Employers in the MEWA and that all amounts once contributed by a Participating Employer, may be used to pay any benefit of any Participant in the MEWA, including benefits attributable to Participants of other Participating Employers. 3. Dental and vision benefits made available through the MEWA are fully insured by Medical Mutual of Ohio (“Medical Mutual”). Life, AD&D and disability benefits made available through the MEWA are insured by Consumers Life Insurance Company (“CLIC”). 4. This Employer Group Application and Participation Agreement (“Application”) is not a contract for benefits. Neither this Application, nor the payment of any moneys to be applied towards contributions for coverage, shall cause coverage to become effective on any of my employees. In order for coverage to go into effect, I must be accepted as a Participating Employer, and my employees must satisfy the applicable eligibility requirements. I should continue my current coverage until I am notified in writing the MEWA has accepted this Application. 5. I have seen a copy of the benefits proposed and agree to pay the required contributions (funding rates), including the additional [$25] fee due for non-electronic invoice payment by check or the [$39] fee for late payments, to the MEWA when due and in accordance with the guidelines pertaining to billing and collections. I further agree to give all eligible employees an opportunity to enroll for coverage, if contributions from employees are required. I agree to pay to the MEWA the funding rate billed to me by the MEWA and to pay other charges or expenses asses...
