Minimum Participation Rates - SHOP. Contractor shall comply with minimum participation rates for Employers participating in SHOP that shall require (i) participation of a specified percentage of Employer’s eligible employees in the Exchange, (ii) Employer’s contribution in an amount equal to a specified percentage of the Employees premium and (iii) compliance with applicable laws, rules and regulations. Participation rates shall be established by the Exchange in consultation with Health Insurance Issuers and may be modified by the Exchange no more frequently than annually based on consideration of various factors, including, prevailing market standards and changes in applicable laws, rules and regulations.
Appears in 8 contracts
Samples: Qualified Health Plan Contract, Covered California Qualified Health Plan Contract, Qualified Health Plan Contract
