Part 3: Adjustments
This part of your statement provides you with a listing of adjustments that were processed during the coverage period, including the names of members whose coverage is being adjusted, the amount and date of the adjustment and the type of adjustment being made. Adjustments to your account are reflected in the total current charge.
There are many reasons your rate could be adjusted, including adding new members, benefit changes, member deletions, participant coverage changes, rate changes, salary changes, waiver changes, and non-evidence limit changes. The statement below shows examples of various adjustment types, including the addition of a new member to the group plan.
Note: New member rates are included in your adjustment total only if they are retroactive to the coverage period.
- Rate applicable to the prior coverage period
- Breakdown of adjustment amount by type of benefit
- The adjustment amount for the current coverage period
- The adjustment amount for prior coverage periods (this column will only display adjustment for previous coverage periods, if applicable)
- Total current charge
- Total adjustment amount. This amount is added to the total current charge to produce your total new charges (in part 2)