RENEWABILITY PROVISIONS Sample Clauses

RENEWABILITY PROVISIONS. This agreement will automatically renew on the plans renewal date, which is April 1st of each calendar year, providing your membership fees are paid, except if one of the events applies from Section 2.2 entitled “When Your Coverage Ends”. (See Section 2 for details.) Pursuant to Section 223 of the Internal Revenue Code (IRC), this plan qualifies as a High Deductible Health Plan (HDHP) which is suitable for use with a Health Savings Account (HSA). Any conflict between the terms of this policy and the provisions of Section 223 of the IRC will be resolved in favor of Section 223 of the IRC in order to preserve any potential tax benefits to the subscriber. This plan may be used in conjunction with a HSA, but it is not an HSA itself. This is a legal agreement between you and Blue Cross & Blue Shield of Rhode Island. Your identification (ID) card will identify you as a member when you receive the health care services covered under this agreement. By presenting your ID card to receive covered health care services, you are agreeing to abide by the rules and obligations of this agreement. You hereby expressly acknowledge your understanding that this contract is solely between you and Blue Cross & Blue Shield of Rhode Island. Blue Cross & Blue Shield of Rhode Island is an independent corporation operating under a license from the Blue Cross and Blue Shield Association (“the Association"), an association of independent Blue Cross and Blue Shield plans, permitting us to use the Blue Cross and Blue Shield Service Marks. We are not contracting as the agent of the Association. You further acknowledge and agree that you have not entered into this contract based upon representations by anyone other than us and that no person, entity or organization other than us shall be held accountable or liable to you for any of our obligations to you under this contract. This paragraph shall not create any additional obligations on our part other than those obligations created under other provisions of this agreement. ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ President and Chief Executive Officer ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ Chairman