Common use of Recalculation of Premium Charge Clause in Contracts

Recalculation of Premium Charge. Although Blue Cross and Blue Shield does not expect your premium charges to change during your policy year, Blue Cross and Blue Shield reserves the right to increase them if necessary due to statutory mandates or regulatory requirements that in any way affect the amount of your costs under this Agreement (including any state statutes or regulations affecting Blue Cross and Blue Shield’s provider contracts), a change of 10% or more in the number of covered employees or a change in the health care benefits provided under this Agreement. If the total enrollment under Blue Cross and Blue Shield’s plans is below 50%, Blue Cross and Blue Shield reserves the right to recalculate the premium charges whenever there is a change of 5% or more in the number of covered employees. If your premium charges are to be increased, Blue Cross and Blue Shield will give you 60 days prior written notice.