Common use of Election of Variety of Insurance Programs (VIP Clause in Contracts

Election of Variety of Insurance Programs (VIP. a. Each year during open enrollment as established by the Board, each teacher will be required to make an election between participating in the VIP program or continuing his/her participation in the 1984-85 health insurance arrangement. b. This election will be irrevocable for the Plan Year. c. Once a teacher elects to participate in the VIP Program, he/she will not be allowed to participate in the prior insurance arrangement. d. The 1984-85 insurance arrangement is as follows: (1) Teachers electing to remain in the 1984-85 medical coverage plan will be required to contribute 13% of the individual and dependent premiums. Teachers electing to participate in the 84-85 Dental Plan will be required to contribute 10% of the individual premium and 100% of the dependent premium. (2) All teacher contributions will remain on an after-tax basis. (3) Cost containment measures. e. The third party administrator will determine the usual and customary charges twice a year by using the average charges for the service area where the services were performed.

Appears in 14 contracts

Samples: Master Agreement, Master Agreement, Master Agreement

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