Common use of Uniform Premium Requirements Clause in Contracts

Uniform Premium Requirements. With respect to the premiums charged to Members for Part D drug benefits, you may determine how much of a Member’s Part D monthly beneficiary premium you will subsidize, provided that: (i) if you subsidize different amounts for different classes of Members in a plan, such classes will be reasonable and based on objective business criteria, such as years of service, business location, job category and nature of compensation (for example, salaried and hourly), and different classes cannot be based on eligibility for the low income subsidy; (ii) the premium will not vary for individuals within a given class of Members; and (iii) a Member cannot be charged more than the sum of his or her standard Part D beneficiary premium and 100% of the premium for his or her supplemental prescription coverage (if any).

Appears in 8 contracts

Samples: Premium Account Agreement, Premium Account Agreement, Premium Account Agreement

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