Common use of Subsidy Clause in Contracts

Subsidy. If the HMO receives notice from the Marketplace that a Member is eligible for Subsidy, the HMO will take the following actions:  Reduce the portion of the Member’s premium for the applicable month(s) by the amount of Subsidy.  Notify the Marketplace of the premium reduction.  Include in each billing statement for the Member, the amount of Subsidy and the amount of the premium payable by the Member.

Appears in 5 contracts

Samples: Subscriber Agreement, Subscriber Agreement, Subscriber Agreement

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