Subsidy. If the HMO receives notice from the Marketplace that a Member is eligible for Subsidy, the HMO will take the following actions: Reduce the portion of the Member’s premium for the applicable month(s) by the amount of Subsidy. Notify the Marketplace of the premium reduction. Include in each billing statement for the Member, the amount of Subsidy and the amount of the premium payable by the Member.
Appears in 5 contracts
Sources: Individual Hmo Subscriber Agreement, Hmo Subscriber Agreement, Hmo Subscriber Agreement