Common use of Declination of Health Insurance Clause in Contracts

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 an additional $147.50 per week in their weekly paycheckweek. The employee Employee can elect to take all or part as cash, deposit all or part into a Sec.457 457 Deferred Compensation or a Sec.125 125 Flex Plan. In the event of multiple family members employed by the town, who would be eligible to share a health insurance plan, the senior employee will be eligible for this cashout.

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 $147.50 158.85 per week in their weekly paycheckweek. The employee can elect to take all or part as cash, deposit all or part into a Sec.457 457 Deferred Compensation or a Sec.125 125 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 an additional $147.50 per week in their weekly paycheck90% of the employer contribution to the lowest cost health insurance plan at the single person level. The employee Employee can elect to take all or part as cash, deposit all or part into a Sec.457 457 Deferred Compensation or a Sec.125 125 Flex Plan.