Employees Not Needing Health Care Insurance. Full time employees who elect to not participate in the Employer’s health care insurance plan shall receive the following amounts per month in lieu of health care insurance: $400 for full-time employees employed by the District prior to May 1, 2004 $225 for full-time employees employed by the District after May 1, 2004 These amounts will be paid in twelve (12) equal payments. This election shall be made on an annual basis during the open enrollment period and shall be effective for the next full insurance year. In the event that a full time employee loses coverage under a plan with the other employer, they shall be returned to coverage under the Employer’s Plan as soon as possible.
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Employees Not Needing Health Care Insurance. Full time employees who elect not to not participate in the Employer’s health care insurance plan due to other existing health insurance coverage shall receive the following amounts per month in lieu of health care insurance: $400 340 for full-time employees employed by the District prior to May 1, 2004 $225 for full-time employees employed by the District after May 1, 2004 These amounts will be paid in twelve (12) equal payments. This election shall be made on an annual basis during the open enrollment period and shall be effective for the next full insurance year. In the event that a full full-time employee loses coverage under a plan with the other employerexisting health insurance coverage, they shall be returned to coverage under the Employer’s Plan plan as soon as possiblepossible in accordance with the plan terms.
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Samples: Agreement
Employees Not Needing Health Care Insurance. Full time employees who elect to not participate in the Employer’s health care insurance plan shall receive the following amounts per month in lieu of health care insurance: $400 340 for full-time employees employed by the District prior to May 1, 2004 $225 for full-time employees employed by the District after May 1, 2004 These amounts will be paid in twelve (12) equal payments. This election shall be made on an annual basis during the open enrollment period and shall be effective for the next full insurance year. In the event that a full time employee loses coverage under a plan with the other employer, they shall be returned to coverage under the Employer’s Plan as soon as possible.
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Samples: www.mackinac.org