Duplication of Benefits/Sell Back Option. The Authority will provide cash in lieu of benefits to those employees who opt not to take the health insurance as provided by the Authority. The employee will be reimbursed on a monthly basis for each full month of coverage which they did not take (i.e., in October, employee receives September’s money). By completing a Duplication of Benefits Back Option Agreement, the employee shall receive payment equal to thirty percent (30%) of the premium for the insurance that the employee elected not to take. Any employee (for any reason) wishing to regain their benefits package under the Authority, may do so under normal time limits allowed by the insurance carrier. Any moneys involved can be prorated.
Duplication of Benefits/Sell Back Option. The Authority will provide cash in lieu of benefits to those employees who opt not to take the health insurance as provided by the Authority. The employee will be reimbursed on a monthly basis for each full month of coverage which they did not take (i.e., in October, employee receives September's money). By completing a Duplication of Benefits/Sell Back Option Agreement, the employee has the ability to choose any of the appropriate reimbursement amounts as listed below: Type Amount Health Insurance Per Month Family $200.00 H/W and P/C 150.00 Single 100.00
