Financial Settlements. Plan Sponsor acknowledges and agrees that Claims Administrator may, from time to time, enter into financial settlements with providers for, among other reasons, routine claims adjustments, delayed rate adjustments, cost rate adjustments and incentive program adjustments. As such, the outcome of these settlements could result in an additional charge or credit being issued to Plan Sponsor during or after the applicable Contract Term. The parties understand and agree that any such charge or credit shall not result in a corresponding adjustment to amounts paid or not paid by Members in connection with claims relating to the settlement.
Appears in 2 contracts
Sources: Administrative Services Agreement, Administrative Services Agreement