Premium Reconciliation definition
Examples of Premium Reconciliation in a sentence
Any Final Premium Reconciliation Amounts owed by either party shall be paid within 90 days of receipt of notice of the Final Premium Reconciliation Amount.
Within 180 days after the end of each calendar year and within 180 days of the effective date of termination of this Agreement Plan shall provide to BJC information establishing: (i) the Total Premium in respect of such calendar year; (ii) the Total Provider Payments in respect of such calendar year; and (iii) Plan's calculation of the BJC Premium amount and the Premium Reconciliation for such calendar year.
Any Premium Reconciliation Amounts previously calculated as due from one party to the other, but not yet paid shall be paid at the same time.
In the event the Premium Reconciliation Amount is a negative number BJC shall pay that amount to Plan within 15 days after receipt from Plan of the results of the Annual Premium Reconciliation.
If, as the result of any such review or audit, it is determined that the Premium Reconciliation as conducted by the Member Company was incorrect, AHERF and HealthAmerica shall promptly correct the Premium Reconciliation.
Any claims presented to a Member Company for payment following completion of the Annual Premium Reconciliation for a given Risk Year shall be entirely AHERF's financial responsibility, paid by the Member Company and reimbursed through the Account.
Any Premium Reconciliation Amounts previously calculated as due from one party to the other, but not yet paid, shall be paid at the same time.
Within one hundred eighty (180) days after the end of each Risk Year and within 180 days of the effective date of termination of this Agreement, the Member Companies shall provide to AHERF information establishing: (i) the Total Premium in respect of such Risk Year; (ii) the Total Provider Payments in respect of such Risk Year; and (iii) the Member Company's calculation of the AHERF Premium amount and the Premium Reconciliation for such Risk Year.
In the event that the Premium Reconciliation Amount is a positive number Plan shall pay that amount to BJC within 15 days of the completion of the Annual Premium Reconciliation.
Any Final Premium Reconciliation Amounts owed by either party shall be paid within ninety (90) days of receipt of notice of the Final Premium Reconciliation Amount.