Premium Payments for Terminating Members. Premium is due and payable for members monthly in accordance with the proration type (Full Month, Half, Month, Daily or Second) that was selected on the group application regardless of the termination date. The Group shall continue to pay the Premium for each Subscriber and his or her Family Dependents covered under this Agreement until the Group provides written notice to the Health Plan to terminate such coverage. The Health Plan will not terminate coverage until it has received the Group’s written notice. The effective date of termination will be the later of (1) the date requested in the written notice; or (2) the date written notice is received by the Health Plan.
Premium Payments for Terminating Members. The Group will be billed the entire month’s Premium for Members whose termination date falls between the 16th and the end of the month. The Group will not be billed for the month’s Premium when a Member’s termination date falls between the 1st and the 15th of the month. The Group will continue to pay the Premium for each Member under this Agreement until the Group has provided written notice. The effective date of termination will be the date the Group’s written notice is received by the Health Plan unless the Group’s notice specifies a later date. Termination notices received by the Health Plan that request a later date will be terminated as of the date specified by the Group.
Premium Payments for Terminating Members. The Group will be billed the entire month’s Premium for Members whose termination date falls between the 16th and the end of the month. The Group will not be billed for the month’s Premium when a Member’s termination date falls between the 1st and the 15th of the month. The Group will continue to pay the Premium for each Member under this Agreement until the Group has provided written notice. The effective date of termination will be the date the Group’s written notice is received by the Health Plan unless the Group’s notice specifies a later date. Termination notices received by the Health Plan that request a later date will be terminated as of the date specified by the Group. Change in Premium Based on Age The Health Plan shall have the right to adjust Premium equitably in the event that the age of a Member has been misstated. The Health Plan shall provide written notice to the Group of the misstatement and the revised Premium. Premium Increase Due to Tax or Other Charge If a government agency or other taxing authority imposes or increases a tax or other charge (excluding a tax on or measured by net income) upon Health Plan or any of its contracting providers (or any of their activities), then beginning on the effective date of that tax or charge, the Health Plan may calculate the Group’s Premium to include the Group’s share of the new or increased tax or charge, subject to regulatory approval where required. The Group’s share is determined by dividing the number of Members enrolled through the Group by the total number of Members enrolled in the applicable Service Area. The Health Plan shall provide written notice to Group at least forty-five (45) days before the change in Premium is proposed to become effective. Premium Rebates If state or federal law requires the Health Plan to rebate Premiums from this or any earlier contract year and the Health Plan rebates Premiums to the Group, those responsible to represent that the Group will use that rebate for the benefit of Members, in a manner consistent with the requirements of the Public Health Service Act, the Affordable Care Act and the obligations of a fiduciary under the Employee Retirement Income Security Act (ERISA).
