Common use of Single Coverage Rebate Clause in Contracts

Single Coverage Rebate. 7.11.1 The formula for the single coverage rebate shall be the highest rate provided to represented/unrepresented employees as follows: Α monthly cash refund amounts for single health care coverage shall be calculated to be (1) twenty-five (25%) percent of the lowest single premium rate in effect on July Jan 1 of each year for that health plan provider and