Cash in Lieu of Health Insurance. Employees (who would otherwise be eligible for health insurance) who do not elect to be covered by any Board-paid health insurance or any Board sponsored health insurance plan in the District shall receive additional salary in the following amount: If four or fewer employees elect the option - $900.00/year If five employees elect the option - $2,000.00/year If six or more employees elect the option - $2,500.00/year The number of employees electing the option shall be determined at the close of business on the last day of the open enrollment period. The total amount shall be made in two payments. The first payment shall be paid to the employee in the second payroll in January. The second payment shall be paid to the employee in the second payroll in June.
Cash in Lieu of Health Insurance. Within the provisions of the annuity carriers, the Board will supply to the employees who apply: Individual eligible employees covered by this Agreement may elect to take cash in lieu of the hospitalization insurance provided above. The election by individuals shall be made for the life of this Agreement at a prescribed rate of $3,000.00 per year, prorated over a twelve (12) month period. Once the election is made; the individual will be retained on the annuity program unless serious circumstances come about (such as death and/or disability cases of a spouse or other reasons) for which the employee becomes the permanent head of the household needing the hospitalization coverage.
Cash in Lieu of Health Insurance. Employees who are eligible for District- paid full family health insurance, and who do not elect health insurance, shall be paid $2,000 cash in lieu of health. The district cost for employees hired after the open enrollment period who are eligible, but do not elect health insurance, shall be limited to a prorated share of the $1,000 annual amount offered. Employees’ share of their premium obligation must be paid through payroll deduction.
Cash in Lieu of Health Insurance. For those employee's who elect not to partake of the County's medical coverage, must provide annual proof of existing health insurance, they will be provided with a three hundred ($300) "cash in lieu" of the benefit.
Cash in Lieu of Health Insurance. Eligible bargaining unit members who do not elect CoreSource Traditional Health Insurance will select Plan B plus receive $2000 Cash in Lieu, one-half of which shall be paid out in December, and one-half shall be paid out in June.
Cash in Lieu of Health Insurance. Employees working less than 1,300 hours per year who do not elect to take hospitalization may choose to take cash in lieu of health coverage for up to fifty percent (50%) of the eligible amount. Employees working 1,300 hours per year or more who do not elect to take hospitalization may choose to take a cash in lieu of health coverage option of $2,500. Employees shall be allowed to switch from hospitalization to the cash in lieu of health insurance during the open enrollment period only. To set up an annuity, the employee must check with the Employee Benefits office.
Cash in Lieu of Health Insurance. If an employee’s spouse has health insurance coverage, the employee may opt to choose cash payment in the amount of $1,800.00 in equal monthly payments for 1-person eligibility, $2,400.00 in equal monthly payments for 2-person eligibility, and $3,000.00 in equal monthly payments for family eligibility. If a spouse becomes a non-covered person, the employee may enroll immediately. Employees who choose this option rather than the health insurance shall be bound by the rules and regulations of the District’s Cafeteria Plan, COBRA and any other applicable law(s), rule(s) or regulation(s). Employees taking this option shall have the same dental and optical insurance coverage offered other employees of this group.
Cash in Lieu of Health Insurance. Employees that are eligible to receive Health Insurance benefits may elect to waive health insurance coverage and receive $300 per month for every month they are considered eligible for medical insurance. The $300 a month is considered taxable income. (CBA: Article 23).
Cash in Lieu of Health Insurance. The District agrees to the following Cash in Lieu amounts for eligible members who choose to not accept medical coverage Number of Members taking Cash in Lieu District pays 40 $750.00 43 $1500.00 48 $2000.00 53 $3000.00 An employee receiving cash in lieu of health benefits shall continue to receive the cash benefit payout each month unless the employee is on a voluntary, unpaid leave, i.e., a leave other than medical or emergency leave.
Cash in Lieu of Health Insurance. An employee may elect to waive the health coverage, only (not the prescription coverage), provided in 11.1 above and receive four hundred dollars ($400) per year. This benefit shall only be available to an employee who has or can obtain health coverage from another source other than the Southgate Community School District.
