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Sky Insurance Technologies, LLC 2/1/2024
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Sky Insurance Technologies, LLC 2/1/2024
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Last modified
2/1/2024 2:15:55 PM
Creation date
2/1/2024 2:15:26 PM
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Contracts
Contractor's Name
Sky Insurance Technologies, LLC
Approval Date
2/1/2024
End Date
2/1/2025
Department
Human Resources
Department Project Manager
Michael Duerr
Subject / Project Title
Vendor for reporting employee and dependent enrollment in medical benefits to the IRS
Tracking Number
0004165
Total Compensation
$0.00
Contract Type
Agreement
Contract Subtype
Professional Services (PSA)
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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2 <br />reporting, ACA Reporting Service will reprocess the applicable form at no additional charge to <br />Client. <br /> <br />3.2 Client understands and acknowledges that ACA Reporting Service shall provide the Services <br />based on information provided to ACA Reporting Service by Client. Client is exclusively <br />responsible for providing ACA Reporting Service with accurate and timely information required <br />by ACA Reporting Service as described in Addendum 2. Client further understands that ACA <br />Reporting Service will be entitled to rely fully on the accuracy and completeness of the <br />information submitted by Client to ACA Reporting Service, and that ACA Reporting Service shall <br />have no duty or responsibility to verify such information. ACA Reporting Service shall not be <br />liable for any Damages (as defined in Section 8 of this Agreement) resulting from Client’s failure <br />to provide accurate and timely information required for ACA Reporting Service to provide the <br />Services. Client is solely responsible for the accuracy and review of any IRS forms created or <br />resulting from the use of the data provided by Client. <br /> <br />3.3 Notwithstanding any other provision of this Agreement, Client understands and acknowledges <br />(i) that Client shall retain all liability and responsibility under applicable federal and state law, <br />including without limitation, liability under Code Sections 4980H, 6055 and 6056, and (ii) that <br />ACA Reporting Service does not, by virtue of this Agreement, assume any responsibility or <br />liability for any obligations which by law belong to Client in its capacity as an “applicable large <br />employer” or “plan sponsor” (as those terms are defined under Code Section 4980H), including <br />without limitation Client’s liability under Code Sections 4980H, 6055 and 6056. <br /> <br />3.4 ACA Reporting Service acknowledges and understands that it may have access to protected <br />health information of individuals participating in Client’s group health plan(s) during the course <br />of this Agreement, as the term “protected health information” is defined under the Health <br />Insurance Portability and Accountability Act and amendments thereto and regulations <br />promulgated thereunder (“HIPAA”). ACA Reporting Service will not use or disclose such PHI <br />other than as required to perform the Services set forth under this Agreement or as permitted <br />under the Business Associate Agreement, which shall be executed by both parties in the form <br />attached hereto as Addendum 3 and incorporated by reference herein. <br /> <br />4. Payment. For provision of the Services, ACA Reporting Service shall be compensated by Client based <br />upon the products and services selected by Client as well as the rates as in effect for the Services on the <br />date of execution of this Agreement. The parties agree that amounts paid or payable by Client to ACA <br />Reporting Service for the Services represent fair market value for the Services and do not include <br />additional services that may be added at a later date, including, but not limited to, print and mail <br />services, correction fees, additional consulting, or variable hour tracking. The parties agree that amounts <br />payable by Client to ACA Reporting Service for Services are due in full upon execution of this <br />Agreement. <br /> <br />5. Termination. <br /> <br />5.1 Either party may terminate this Agreement at any time, without cause, by providing not less than <br />thirty (30) days’ prior written notice stating the intended date of termination. If Client terminates <br />the Agreement without cause, Client will not be entitled to any refund of any fees or payments <br />made.
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