Third Agreement Year. (January 1, 2022 through December 31, 2022) For the Third Agreement Year: the Agreement shall expire on December 31, 2021 unless the Group’s Human Resources Director notifies HMO in writing, on or before September 30, 2021, of the Group’s intent to extend the Agreement for the Third Agreement Year, at the Premium rate, as set forth in HMO’s notification of renewal to the Group, which shall occur no later than July 30th, 2021. The Group’s renewal notice shall occur subsequent to notification to Group by HMO of its intention to remain a participant in the Medicare Advantage program. The notification from HMO shall also contain all applicable rate increases, as outlined in Exhibit II-A, and or applicable benefit changes, if any, proposed for the renewal period.
Third Agreement Year. For the Third Agreement Year (January 1, 2023 through December 31, 2023), Preferred Provider may adjust rates from those in effect during the Second Agreement Year (January 1, 2022 through December 31, 2022) subject to an actuarial justification based upon any applicable changes or enhancements, if any, to the Medicare Advantage program and an analysis of Group’s utilization experience in accordance with Exhibit II A. The Agreement shall expire on December 31, 2022 unless the Group’s Human Resources Director notifies Preferred Provider in writing of the Group’s intent to extend the Agreement for the Third Agreement Year, at Premium rates, as set forth herein, on or before September 30, 2022. The Group’s renewal notice shall occur subsequent to notification to Group by Preferred Provider of its intention to remain a participant in the Medicare Advantage program. The notification from Preferred Provider shall also contain all applicable rate adjustments and or applicable benefit changes, if any, proposed for the renewal period. Such notification from Preferred Provider to Group shall occur no later than July 30th of the then current calendar year.
