In addition to the data protection provisions set out in the terms, both parties agree that the information and data used in cobra services provided there are not “protected health information” (“PHI”) under the Health Insurance Portability and Accountability Act 1996 (“HIPAA”) and its amended and current terms of application; However, if the parties find that this information is PHI, the parties jointly agree to enter into a separate counterparty agreement in a format substantially similar to the one we presented at the time of this decision. This agreement (“this” agreement” is entered into at the time of signing (“Date of Effect”) by and between EverythingBenefits, Inc., a Delaware company (“EverythingBenefits,” “We” or “We”) and the entity mentioned below (“Customer,” “You” or “Yours”). This agreement is subject to the terms of the Master Services Agreement, which are available under www.everythingbenefits.com/msa (the “Conditions”), and contains these conditions as a reference. All the wholesale terms that are used in these terms, which are not defined differently, have the meaning defined under these conditions. In order for us to provide COBRA services, you must recognize that you have an obligation to pay us certain fees for installation, use and service of data in accordance with such a proposal. In addition, you are charged an additional management fee (“continuation fee”) to EverythingBenefits for COBRA services of 2 per cent (2%) to pay. premium calculated for continuation coverage. Continuation fees are recovered by our qualified beneficiaries when we collect continuous coverage premiums. You recognize and accept: that when amounts are held in a premium account, these amounts may be credited with interest (at the interest rate set by the financial institution holding the account assets and subject to any applicable government or local restrictions on interest-bearing accounts, which are normally a money market interest rate) and, in accepting this agreement, the client (as trustee of the plan) indicates that such interest is paid to EverythingthingBenefBenits in additional compensation. In addition, you can make us offer certain specific services that are outside the normal course of COBRA services provided by the platform for a fee, as stated in such a proposal. When special services are chosen, the customer agrees to pay for these services by automatic payment of the customer`s bank account. Notwithstanding the contrary provision of this Agreement, you agree that EverythingBenefits will act only as a collection agent to facilitate the recovery of continuity premiums by the client and your transfer to the relevant insurance agencies (or, as you have chosen, directly to you).
They accept that all funds transferred by qualified beneficiaries or third parties to EverythingBenefits are and remain the client`s general assets, are not “planned assets” within the meaning of the Employee Retirement Income Security Act of 1974, as amended, and are subject to the claims of the client`s creditors until these amounts are transferred directly to the insurance agency (or, as the client has chosen) directly to the client. They also understand and recognize that EverythingBenefits is not a financial institution and is not responsible for the fact that the client meets the trust requirements in force solely because of our role as a collection company. The COBRA services we provide include: You agree that access to COBRA services provided under this agreement will be facilitated by the platform.