Common use of Amount and Processing of Contribution Clause in Contracts

Amount and Processing of Contribution. Contributions shall be established by the Board of Trustees and shall be provided for the premium cost of medical insurance for the retiree only. The amount of the District contribution toward retiree health care benefits may be increased as determined by policies publicly adopted by the Board (Policy 6622). The maximum monthly contribution is the lesser of the amount determined by the Board or the total combined health care and Medicare premiums for the individual retiree. 10.10.2.2.1 The monthly District contribution for health care benefits for the retiree shall be processed electronically utilizing the retiree’s selected financial institution. 10.10.2.2.2 If the retiree enrolls in a medical plan outside of the Los Xxxx plans, the retiree is eligible for monthly reimbursement of premiums up to the District contribution. If the retiree enrolls in a Los Xxxx medical plan, the premium owed will be reduced by the District contribution. Documentation for retirees with coverage outside the District’s plans must be submitted annually verifying that the retiree is covered by health insurance and the monthly cost for the retiree’s insurance. 10.10.2.2.3 If the premium is greater than the District contribution, a monthly withdrawal will be made from the retiree’s bank account for the difference. Two or more failed transactions due to lack of funds will result in termination of coverage and the loss of the ability to be covered under a Los Xxxx plan, except as provided in 10.10.5.1.2. 10.10.2.2.4 If the monthly contribution is stopped due to lack of proof/evidence of premium cost, a closed bank account, etc., the contribution will be restarted prospectively, only. 10.10.2.2.5 If the premium owed is less than the District contribution, the retiree will be eligible for reimbursement of other medical premiums such as Medicare Part B or D, provided proof/evidence of premium cost is received.

Amount and Processing of Contribution. Contributions shall be established by the Board of Trustees and shall be provided for the premium cost of medical insurance for the retiree only. The amount of the District contribution toward retiree health care benefits may be increased as determined by policies publicly adopted by the Board (Policy 6622). The maximum monthly contribution is the lesser of the amount determined by the Board or the total combined health care and Medicare premiums for the individual retiree. 10.10.2.2.1 11.14.2.2.1 The monthly District contribution for health care benefits for the retiree shall be processed electronically utilizing the retiree’s selected financial institution. 10.10.2.2.2 11.14.2.2.2 If the retiree enrolls in a medical plan outside of the Los Xxxx plans, the retiree is eligible for monthly reimbursement of premiums up to the District contribution. If the retiree enrolls in a Los Xxxx medical plan, the premium owed will be reduced by the District contribution. Documentation for retirees with coverage outside the District’s plans must be submitted annually verifying that the retiree is covered by health insurance and the monthly cost for the retiree’s insurance. 10.10.2.2.3 11.14.2.2.3 If the premium is greater than the District contribution, a monthly withdrawal will be made from the retiree’s bank account for the difference. Two or more failed transactions due to lack of funds will result in termination of coverage and the loss of the ability to be covered under a Los Xxxx plan, except as provided in 10.10.5.1.211.14.5.1.1. 10.10.2.2.4 11.14.2.2.4 If the monthly contribution is stopped due to lack of proof/evidence of premium cost, a closed bank account, etc., the contribution will be restarted prospectively, only. 10.10.2.2.5 11.14.2.2.5 If the premium owed is less than the District contribution, the retiree will be eligible for reimbursement of other medical premiums such as Medicare Part B or D, provided proof/evidence of premium cost is received.

Amount and Processing of Contribution. Full-time service is defined in Sections 2.4. Contributions shall be established by the Board of Trustees and shall be provided for the premium cost of medical insurance for the retiree only. The amount of the District contribution toward retiree health care benefits may be increased as determined by policies publicly adopted by the Board (Policy 66225165). The maximum monthly contribution is the lesser of the amount determined by the Board or the total combined health care and Medicare premiums for the individual retiree. 10.10.2.2.1 3.6.2.2.1 The monthly District contribution for health care benefits for the retiree shall be processed electronically utilizing the retiree’s selected financial institution. 10.10.2.2.2 3.6.2.2.2 If the retiree enrolls in a medical plan outside of the Los Xxxx plans, the retiree is eligible for monthly reimbursement of premiums up to the District contribution. If the retiree enrolls in a Los Xxxx medical plan, the premium owed will be reduced by the District contribution. Documentation for retirees with coverage outside the District’s plans must be submitted annually verifying that the retiree is covered by health insurance and the monthly cost for the retiree’s insurance. 10.10.2.2.3 3.6.2.2.3 If the premium is greater than the District contribution, a monthly withdrawal will be made from the retiree’s bank account for the difference. Two or more failed transactions due to lack of funds will result in termination of coverage and the loss of the ability to be covered under a Los Xxxx plan, except as provided in 10.10.5.1.23.6.4. 10.10.2.2.4 3.6.2.2.4 If the monthly contribution is stopped due to lack of proof/evidence of premium cost, a closed bank account, etc., the contribution will be restarted prospectively, only. 10.10.2.2.5 3.6.2.2.5 If the premium owed is less than the District contribution, the retiree will be eligible for reimbursement of other medical premiums such as Medicare Part B or D, provided proof/evidence of premium cost is received.