Common use of Premium Payments for Terminating Members Clause in Contracts

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.

Appears in 3 contracts

Samples: Your Group Agreement, Your Group Agreement, hr.caltech.edu

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Premium Payments for Terminating Members. Premium is due and payable for members on a monthly basis in accordance with the proration type (Full Month, Half, Half Month, Daily or Second) that was selected on the group Group application regardless of the termination date. The Group shall continue to pay the Premium for each Subscriber and his or her Family family Dependents covered under this Agreement until the Group provides written notice to the Health Plan to terminate such coverage. The Health Plan Group will not terminate coverage continue to pay the Premium for each Member under this Agreement until it the Group has received the Group’s provided written notice. The effective date of termination will be the later of (1) date the date requested in the written notice; or (2) the date Group’s written notice is received by the Health PlanPlan 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.

Appears in 1 contract

Samples: Group Agreement

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Premium Payments for Terminating Members. Premium is due and payable for new members on a monthly basis in accordance with the proration type (Full Month, Half, Half Month, Daily or Second) that was selected on the group Group application regardless of the termination date. The Group shall continue to pay the Premium for each Subscriber and his or her Family family Dependents covered under this Agreement until the Group provides written notice to the Health Plan to terminate such coverage. The Health Plan Group will not terminate coverage continue to pay the Premium for each Member under this Agreement until it the Group has received the Group’s provided written notice. The effective date of termination will be the later of (1) date the date requested in the written notice; or (2) the date Group’s written notice is received by the Health PlanPlan 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.

Appears in 1 contract

Samples: Benefits and Services

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