Blue Cross Blue Shield, Life InsuranceHealth and Life Insurance Sample Clauses

Blue Cross Blue Shield, Life InsuranceHealth and Life Insurance. A. Health Insurance for Active Employees Effective July 1, 2018 and for the life of the contract, the health care plan for all active, full-time members of the department shall be a High Deductible Health Plan with a Health Savings A ccount (hereinafter referred to as “HSA”) with a calendar year deductible of $4,000 for family coverage and $2,000 for individual coverage. The Town shall provide an HSA health care plan, which shall have a benefit level, service level, and network level, no less than the level described in Exhibit A attached to this CBA. Within seven (7) days of the commencement of the calendar year deductible, the Town agrees to advance the monetary amounts of the said deductibles ($4,000 family or $2,000 individual) to a prepaid credit/debit card that shall be issued to each member. Each member shall utilize said credit/debit card for medical payments at points of service to satisfy said deductible of the health care plan (HSA). Members of the department through payroll deductions shall pay the following amount of the above-cited deductibles advanced to the members back to the Town: 2019: The member shall repay $2,500 (family) / $1,250 (individual)* * The increased repayment (e.g., $500 increase for family; $250 increase for individual) shall be prorated for 2019 to the date of final ratification of this Agreement. The Town’s advance shall be repaid by the employee in accordance with the foregoing schedule in approximately equal installments in each pay period during the calendar year via pre-tax deduction. If an employee leaves service with the Town, for any reason, the employee shall be responsible for repaying the unpaid portion of the Town’s advance (as of the date of separation) in-full, which the Town may deduct from such employee’s final paycheck. As a condition of receiving this advancement of funds, each employee shall be required to sign an authorization form allowing the Town to deduct any such amounts from his/her final paycheck upon separation. For all new hires, during their first year of employment, the Town shall advance to the new hire the full amount of the deductible ($4,000 family or $2,000 individual, as appropriate), and the new hire shall agree to repay the Town for such advanced deductible ($4,000 family or $2,000 individual, as appropriate) upon separation of employment, and the new hire shall not be required to repay such advanced funds during that first calendar year of employment (unless they separate prior to th...
Sample 1
AutoNDA by SimpleDocs

Related to Blue Cross Blue Shield, Life InsuranceHealth and Life Insurance

  • HEALTH AND LIFE INSURANCE The Sheriff will continue to offer to employees of this bargaining unit the same health and life insurance programs being offered to other Sheriff’s Office employees. Due to the changing nature of the health insurance market, the Sheriff retains the right during the term of this Agreement to develop plan changes or to change carriers in order to reduce costs or for other reasons. Changes to the level and types of benefits shall be subject to bargaining as provided by law. Rates paid by the employee will be established by the Sheriff.

  • Life Insurance No portion of your IRA may be invested in life insurance contracts.

  • Hospitals of Ontario Voluntary Life Insurance Plan The Hospital also agrees to make the Hospitals of Ontario Voluntary Life Insurance Plan (HOOVLIP) available to the nurses subject to the provisions of HOOVLIP at no cost to the Hospital.

  • Group Life Insurance The Hospital shall contribute one hundred percent (100%) toward the monthly premium of HOOGLIP or other equivalent group life insurance plan in effect for eligible full-time employees in the active employ of the Hospital on the eligibility conditions set out in the existing Agreements.

  • Group Life Insurance Plan Section 1 - Eligibility Regular full-time and regular part-time employees who are on staff January 1, 1979 or who join the staff following this date shall, upon completion of the three-month probationary period, become members of the Group Life Insurance Plan as a condition of employment.

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

  • Term Life Insurance The Employer will maintain and make available to full-time and part-time employees, the current term life insurance plan as set forth in the document "Summary of Health Benefits, Maryland State Employees."

  • Dependent Life Insurance In the event of the death of your spouse or dependent child from any cause whatsoever, while you and your dependents are insured under the plan, the insurance company will pay you $10,000 in respect of your spouse and $5,000 in respect of each insured dependent child. This applies to those employees with family health coverage only.

  • Health Care Insurance While a faculty member is on an approved leave of this type, the faculty member will be advised regarding the right to continue health care benefits in accordance with COBRA during the period of unpaid absence.

  • Optional Group Life Insurance Subject to the provisions of the Plan, eligible employees shall be entitled to purchase optional Group Life Insurance coverage in units of ten thousand dollars ($10,000) up to a maximum of two hundred and fifty thousand dollars ($250,000). The employee shall pay one hundred percent (100%) of the premiums for the optional coverage.

Time is Money Join Law Insider Premium to draft better contracts faster.