Plan Renewal Sample Clauses
The Plan Renewal clause defines the terms and conditions under which an existing plan or agreement is extended beyond its original term. Typically, this clause outlines the process for renewal, such as whether it is automatic or requires notice from one or both parties, and may specify any changes to terms, pricing, or duration upon renewal. By clearly establishing how and when a plan can be renewed, this clause helps prevent misunderstandings and ensures both parties are aware of their rights and obligations regarding the continuation of the agreement.
Plan Renewal. This contract is guaranteed renewable. Guaranteed renewable means that this contract will renew each year on the anniversary date unless terminated earlier in accordance with contract terms. You may keep this contract in force by timely payment of the required premiums. We may decide not to renew as of the renewal date if: (1) we decide not to renew all contracts issued on this form, with the same type and level of benefits, to residents of the state where you then live; or (2) there is fraud or an intentional material misrepresentation made by or with the knowledge of a member in filing a claim for contract benefits. Rate changes are effective on a member’s annual renewal date and will be based on each member’s attained age, family structure, geographic region, tobacco usage and benefit plan at the time of renewal. We will notify the member in writing at least thirty (30) days prior to the renewal date of any change in premium rates. For members who have elected the electronic funds transfer option of payment, should premiums change at renewal, we will continue to draft the new monthly premium. We guarantee the member the right to renew the contract each year, at the member’s option. However, we may refuse to renew this contract, and all coverage provided under this contract, if one of the following circumstances has occurred:
Plan Renewal. This contract is guaranteed renewable. Coverage under this contract is for an initial term of twelve (12) months commencing as of the effective date of the member’s coverage and will automatically renew for successive terms of twelve (12) months unless terminated or non-renewed as provided for in this contract. Rate changes are effective on a member’s annual renewal date and will be based on each member’s attained age, family structure, geographic region, tobacco usage and benefit plan at the time of renewal. We will notify the member in writing at least thirty (30) days prior to the renewal date of any change in premium rates. For members who have elected the electronic funds transfer option of payment, should premiums change at renewal, we will continue to draft the new monthly premium. We guarantee the member the right to renew the Plan each year, at the member’s option. However, we may refuse to renew this Plan, and all coverage provided under this Plan, if one of the following circumstances has occurred:
Plan Renewal. (a) Existing users subscribed to HEALTHTYM services should get in touch with us at ▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇ for renewing their existing plans at least 7 days before the expiry of their respective plans.
(b) The users may also reach out to their respective pool/facility managers and apprise them of the same to get the plan renewed.
(c) Users have the option to pay online as well as at their respective facility by handing out the renewal amount to the designated pool/ facility Manager, post which they will hand over a payment receipt on the spot.
(d) Users already subscribed with HEALTHTYM will get a preference for availing the plan renewal under current offers applicable at the time of renewal.
(e) The communication and the payment for availing the renewed package should be made timely through proper channels (Online or Pool/ facility Manager).
(f) Renewals will be provided on a First Come First Serve Basis based on the availability of the slots.
Plan Renewal. This Plan is guaranteed renewable on an annual basis, subject to the redetermination of each Member’s eligibility by the Health Plan or Exchange, depending on how you enrolled for coverage. Each Member that remains eligible for coverage following redetermination of eligibility shall remain enrolled under this Plan, unless the Member’s coverage is terminated as described below.