Monthly Premium Payments. For the initial term of this Agreement, the Group shall submit to Group Health for each Member the monthly premiums set forth in the current Premium Schedule and a verification of enrollment. Payment must be received on or before the due date and is subject to a grace period of 10 days. Premiums are subject to change by Group Health upon 30 days written notice. Premium rates will be revised as a part of the annual renewal process. Group Health reserves the right to re-rate this benefit package if the demographic characteristics change by more than 15%.
Appears in 6 contracts
Samples: Group Medical Coverage Agreement, Group Medical Coverage Agreement, Group Medical Coverage Agreement
