03-09-26-R - Laserfiche WebLink

Home Browse Search

13 Plan Administrator shall provide notice to Benefit Extras of any Covered Individuals covered under a Plan by virtue of such an order and of any Covered Individuals who cease to be covered under a Plan by virtue of the expiration of such an order. Benefit Extras shall be entitled to rely upon the information provided by Plan Administrator pertaining to such orders. M. HIPAA Privacy and Security Compliance. Employer and/or Plan Administrator (or their designees) shall be responsible for all aspects of compliance with the HIPAA privacy and security rules applicable to the Plan, including, but not limited to, distributing notices of privacy practices. N. Payment of Administrative Services Fees. In consideration of Benefit Extras’ performance of the services described in this Agreement, Benefit Extras’ shall be entitled to receive the administrative fees described in Exhibit A. Benefit Extras acknowledges that Employer has made arrangements with a third party (e.g., an insurance broker) to pay the fees charged by Benefit Extras under this Agreement. In such case, Employer shall notify Benefit Extras of such arrangements and Benefit Extras will accept payment from such third party as satisfaction of Employer’s obligations hereunder. However, Employer retains ultimate responsibility under this Agreement for payment of the applicable fees. 1. Failure to Pay. Fees are due thirty (30) days from issuance of the invoice. Any failure to pay any such fees by the date upon which they are due may, at Benefit Extras’ option, result in Benefit Extras’ (1) imposition of a late fee equal to the lesser of (i) 1.5% of the outstanding balance, or (ii) the maximum amount allowed by the usury laws of the applicable state, and/or (2) suspension of performance of its services under this Agreement until such time as such fees are paid or termination of this Agreement. 2. Fees for Additional Services. In the event additional adjustments that are not part of the normal plan administrative services contemplated by this Agreement are required, Benefit Extras may charge Employer an additional fee commensurate with the additional services provided. Benefit Extras will inform Employer of the amount of the additional fee in advance of conducting the additional administrative services. 3. Interest Earned by TPA Account. If the “TPA Account” option is selected in Exhibit A for the collection of Continuation Coverage Premiums, Benefit Extras shall retain any interest earned on Continuation Coverage Premiums deposited in Benefit Extras’ account (i.e., float) as additional compensation for its services hereunder.