Dental Insurance Cash-Out for Flexible Benefits Participants Employees participating in the Flexible Sample Clauses

Dental Insurance Cash-Out for Flexible Benefits Participants Employees participating in the Flexible. Benefits Plan will be eligible for a cash-out to waive City of Dearborn dental insurance coverage. Such waiver will be payable in the employeesregular paycheck. The annual amount of cash-out will be $400 for waiving family coverage, $250 for double coverage and $125 for single coverage. Employees must sign up for waiver of coverage through the Payroll Office. Employees in the Flexible Benefits Plan electing City dental insurance costing less than their city-provided dental insurance bank will be eligible for an annual cash-out equal to the difference between the cost of their insurance coverage and their bank, capped at 50% of the amount of cash-out they would have received for waiving City coverage.
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Related to Dental Insurance Cash-Out for Flexible Benefits Participants Employees participating in the Flexible

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