Common use of Blended Premium Rate Methodology Clause in Contracts

Blended Premium Rate Methodology. With the addition of the Blue Shield HMO plan in 2013, in order to maintain a sustainable two-carrier option, the City established City-wide blended and weighted single-party, two-party, and family rates (utilizing the Kaiser HMO and Blue Shield HMO rates), to be adjusted by the City each plan year. The resulting blended rates will equalize the cost of both plans for participating employees. Subject to the continuing availability of both plans, the City agrees to maintain blended rates for the 2014 and 2015 plan years. The City may discontinue the blended rate methodology for Plan Years 2016, 2017, and/or 2018 in the event that either medical plan is no longer available, the City determines that it is no longer feasible to continue the blended rate methodology, and/or for other reason(s) within the City’s sole discretion. In the event the City determines not to continue the blended rate methodology for Plan Years 2016, 2017, and/or 2018, the parties agree to meet and discuss medical insurance carrier availability, and premium rates, prior to Open Enrollment for that Plan Year. The parties endeavor to finalize any discussions within fifteen (15) days of commencing such discussions, in order to facilitate a smooth Open Enrollment period. For 2015, and any subsequent Plan Year during the term of this MOU for which the City determines to continue the blended rate methodology, employees and the City will contribute toward health premiums as follows:

Appears in 1 contract

Samples: www.walnut-creek.org

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Blended Premium Rate Methodology. With the addition of the Blue Shield HMO plan in 2013, in order to maintain a sustainable two-two- carrier option, the City established City-wide blended and weighted single-party, two-party, and family rates (utilizing the Kaiser HMO and Blue Shield HMO rates), to be adjusted by the City each plan year. The resulting blended rates will equalize the cost of both plans for participating employees. Subject to the continuing availability of both plans, the City agrees to maintain blended rates for the 2014 and 2015 plan years2019 Plan Year. The City may discontinue the blended rate methodology for Plan Years 20162020, 20172021, 2022, 2023, and/or 2018 2024 in the event that either medical plan is no longer available, the City determines that it is no longer feasible to continue the blended rate methodology, and/or for any other reason(s) within the City’s sole discretion. In the event the City determines not to continue the blended rate methodology for Plan Years 2016, 2017, and/or 2018methodology, the parties agree to meet and discuss medical insurance carrier availability, and premium rates, prior to Open Enrollment for that Plan Year. The parties endeavor to finalize any discussions within fifteen (15) days of commencing such discussions, in order to facilitate a smooth Open Enrollment period. For 2015the 2019 Plan Year, and any subsequent Plan Year during the term of this MOU for which the City determines to continue the blended rate methodology, Unit employees and the City will contribute toward towards health premiums as follows:

Appears in 1 contract

Samples: General Employees

Blended Premium Rate Methodology. With the addition of the Blue Shield HMO plan in 2013, in order to maintain a sustainable two-carrier option, the City established City-wide blended and weighted single-party, two-party, and family rates (utilizing the Kaiser HMO and Blue Shield HMO rates), to be adjusted by the City each plan year. The resulting blended rates will equalize the cost of both plans for participating employees. Subject to the continuing availability of both plans, the City agrees to maintain blended rates for the 2014 and 2015 plan years2016 Plan Year. The City may discontinue the blended rate methodology for Plan Years 2016, 2017, 2018, and/or 2018 2019 in the event that either medical plan is no longer available, the City determines that it is no longer feasible to continue the blended rate methodology, and/or for any other reason(s) within the City’s sole discretion. In the event the City determines not to continue the blended rate methodology for Plan Years 2016, 2017, 2018, and/or 20182019, the parties agree to meet and discuss medical insurance carrier availability, and premium rates, prior to Open Enrollment for that Plan Yearplan year. The parties endeavor to finalize any discussions within fifteen (15) days of commencing such discussions, in order to facilitate a smooth Open Enrollment period. For 20152016, and any subsequent Plan Year plan year during the term of this MOU for which the City determines to continue the blended rate methodology, Unit employees and the City will contribute toward towards health premiums as follows:

Appears in 1 contract

Samples: search.walnut-creek.org

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Blended Premium Rate Methodology. With the addition of the Blue Shield HMO plan in 2013, in order to maintain a sustainable two-carrier option, the City established City-wide blended and weighted single-party, two-party, and family rates (utilizing the Kaiser HMO and Blue Shield HMO rates), to be adjusted by the City each plan year. The resulting blended rates will equalize the cost of both plans for participating employees. Subject to the continuing availability of both plans, the City agrees to maintain blended rates for the 2014 and 2015 plan years2019 Plan Year. The City may discontinue the blended rate methodology for Plan Years 20162020, 20172021, 2022, 2023, and/or 2018 2024 in the event that either medical plan is no longer available, the City determines that it is no longer feasible to continue the blended rate methodology, and/or for any other reason(s) within the City’s sole discretion. In the event the City determines not to continue the blended rate methodology for Plan Years 2016, 2017, and/or 2018methodology, the parties agree to meet and discuss medical insurance carrier availability, and premium rates, prior to Open Enrollment for that Plan Yearplan year. The parties endeavor to finalize any discussions within fifteen (15) days of commencing such discussions, in order to facilitate a smooth Open Enrollment period. For 20152019, and any subsequent Plan Year plan year during the term of this MOU for which the City determines to continue the blended rate methodology, Unit employees and the City will contribute toward towards health premiums as follows:

Appears in 1 contract

Samples: www.walnut-creek.org

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