Common use of Single Coverage Rebate Clause in Contracts

Single Coverage Rebate. 7.11.1 The formula for the single medical coverage rebate shall be as follows: Α monthly cash refund amount for single medical health care coverage shall be calculated to be (1) twenty-five (25%) percent of the lowest single premium rate in effect on Jan 1 of each year for that health plan provider and (2) for all other providers, fifteen (15%) percent of the average of all single premium rates in effect on Jan 1 of each year.”

Single Coverage Rebate. 7.11.1 The formula for the single medical coverage rebate shall be as follows: Α monthly : 7.6.1 Monthly cash refund amount amounts for single medical health care coverage shall be calculated to be (1) twenty-five (25%) percent of the lowest single premium rate in effect on Jan January 1 of each year for that health plan provider and (2) for all other providers, fifteen (15%) percent of the average of all single premium rates in effect on Jan January 1 of each year.”