Benefit Cost Sharing m) Effective Date For Changes In Coverage And UIC Rebate .....................................................................................
Benefit Cost Sharing. 34.01 Reductions of premium costs resulting from changes in legislation shall accrue to The City and the Employee in the proportions specified in the applicable clause.
Benefit Cost Sharing i) Medical Plans: • Premium cost-sharing contributions from the Employer and Employee will be established by a maximum contribution from the Employer as set forth in Appendix D (“Maximum Monthly Employer Contribution Amounts”). The City will increase the City's contributions toward medical premiums by 5% each year in 2020 and 2021. If an employee's premium is higher than the Maximum Monthly Employer Contribution Amount, the employee will be responsible for paying the difference. If an employee's premium is lower than the Maximum Monthly Employer Contribution Amount, the Employer will pay 100% of the premium. For employees choosing a High Deductible Health Plan (HDHP) with Health Savings Account (HSA), the City will put the difference between the premium for the HDHP plan and the Maximum Monthly Employer Contribution at the employee’s tier into a HSA up to the applicable IRS limit. The combined annual contributions by the City and the employee may not exceed the maximum allowable by the Internal Revenue Service. The HDHP with HSA will comply with all IRS regulations. • Plan premium rates will be established annually by the providers.
Benefit Cost Sharing. Medical Services Plan 100% Employer Extended Health 100% Employer Dental Plan 90% Employer and 10% Employee Life Insurance 100% Employer LTD Core 100% Employer LTD Core Top Up 100% Employee
Benefit Cost Sharing i) Medical Plans: • For calendar year 2015, the premium cost-sharing contributions from the Employer and Employee will be established by a maximum contribution from the Employer of the premium for the lowest cost non-high deductible health plan selected by the Union, minus the minimum employee contribution in Table B of Appendix D. • The Employer will contribute the same dollar amount toward other AWC Medical Plan options available to this bargaining unit. Should the employee opt for the higher cost plan, the Employee will pay the difference between the full premium rate of the more expensive plan and the Employer contribution as outlined in the paragraph above, except that Employee contributions will be no less than the minimum in Table B of Appendix D. For the higher cost plan premium rates will be established annually for each employee and each additional eligible family member. • High Deductible Health Plan/Health Saving Account (HSA): For an employee choosing the Regence High Deductible Health Plan (HDHP) the City will deposit the savings between the City’s contribution level for the lower cost plan per paragraph (b) above, and the premium cost of the High Deductible Health Plan into the employee’s HSA account in semi-monthly installments for each month that the employee is enrolled in the High Deductible Health Plan/Health Savings Account. • Premium cost-sharing contributions from the Employer and Employee will be established by a maximum contribution from the Employer as set forth in Appendix D (“Maximum Monthly Employer Contribution Amounts”). Beginning in 2016, tThe City will increase the City's contributions toward medical premiums by 5% each year in 2018 and 2019. (Maximum Monthly Employer Contribution Amounts are set forth in Appendix D, Table A) If an employee's premium is higher than the Maximum Monthly Employer Contribution Amount, the employee will be responsible for paying the difference. If an employee's premium is lower than the Maximum Monthly Employer Contribution Amount, the Employer will pay 100% of the premium. For employees choosing a High Deductible Health Plan (HDHP) with Health Savings Account (HSA), the City will put the difference between the premium for the HDHP plan and the Maximum Monthly Employer Contribution at the employee’s tier into a HSA up to the applicable IRS limit. apply the following amount to the employee's premium and HSA account: (1) the Maximum Monthly Employer Contribution or (2) the premium at the employee'...
Benefit Cost Sharing
