Declination of Health Insurance. An employee must select at least one health insurance option unless they can demonstrate coverage from another source. Any employee not participating in a town health insurance plan will receive an additional $147.50 per week in their weekly paycheck. The employee can elect to take all or part as cash, deposit all or part into a Sec.457 Deferred Compensation or a Sec.125 Flex Plan.
Declination of Health Insurance. An employee must select at least one health insurance option unless they can demonstrate coverage from another source. Any employee not participating in a town health insurance plan will receive 90% of the employer contribution to the lowest cost health insurance plan at the single person level. Employee can elect to take all or part as cash, deposit all or part into a 457 Deferred Compensation, or 125 Flex Plan. Effective 07/01/2021: Any employee not participating in a town health insurance plan will receive a flat rate of $147.50 weekly. The employee can elect to take all or part as cash, deposit all or part into a 457 Deferred Compensation, or 125 Flex Plan.
