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03/19/2013AP
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03/19/2013AP
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Last modified
6/26/2018 1:15:40 PM
Creation date
3/23/2016 8:56:14 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
03/19/2013
Meeting Body
Board of County Commissioners
Book and Page
311
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H:\Indian River\Network Files\SL00000E\S0004N2.tif
SmeadsoftID
14207
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D. Funding Frequency: Daily <br /> ~` E. Method of Funding: ACH <br /> IV. Administrative Fees: <br /> A. Administrative fees during the term of the Agreement: <br /> $49.95 per enrolled employee per month from May 1, 2013 through <br /> September 30, 2015. <br /> B. Administrative fees after the termination of the Agreement: 15% of <br /> claims paid. <br /> C. If the Agreement is terminated before September 30, 2015, the <br /> Employer will pay Florida Blue a termination fee of$125,000 paid <br /> sixty days of termination. If the Agreement is terminated after <br /> September 30, 2015, no termination fee will be paid to Florida Blue. <br /> V. Late Payment Penalty <br /> A. A daily charge of .00038 times the amount of overdue administrative <br /> fees. <br /> ... VI. Expected Enrollment <br /> A. The administrative fees and reserve requirement referenced above <br /> are based on an expected enrollment of: 1,570. <br /> B. If the actual enrollment is materially different from this expected <br /> enrollment, Florida Blue reserves the right to adjust the <br /> administrative fees and the reserve requirement as set forth in the <br /> Agreement. Actual administrative fees will be charged based on <br /> actual enrollment. <br /> �•- -2- <br /> 125 <br />
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