FOUNDATION RETIREE HEALTH INSURANCE Sample Clauses

FOUNDATION RETIREE HEALTH INSURANCE. Upon application by the employee, the Foundation shall make available to the retired Foundation employee, and to his/her spouse, domestic partner and dependents, the same health insurance coverage the employee had at the date of his/her retirement (individual, employee and spouse or domestic partner, parent and child(ren) or family). The retiree shall contribute to the health insurance premium at a rate equal to the contribution rate paid by active employees toward their health insurance premiums. The retiree health insurance premium contribution must be paid to the Foundation in one of two ways. Retirees may annuitize a portion of their TIAA/CREF contract to cover their portion of the monthly health insurance premium payments, or they may give the Foundation written permission to debit such amounts directly from their checking account. Eligible retirees and their spouses must enroll in Medicare. Upon request and with proof of payment, the Foundation shall reimburse the retiree and their spouse for the standard monthly Medicare Part B premium payment, less an amount which equals the rate of contribution that retiree pays toward their health insurance premium. Upon the death of the retiree, the spouse and/or qualified dependents enrolled in a Foundation health insurance program may continue coverage in that same health insurance program by electing coverage and making payments pursuant to COBRA. Following the expiration of the COBRA period, the spouse and/or qualified dependents may continue to participate in the health insurance program so long as they continue to satisfy the program's dependent eligibility criteria and make the requisite payments, and the program continues to be offered to retirees, spouses and eligible dependents pursuant to this Agreement. Upon expiration of this Agreement, unless otherwise agreed between the PSC and the Foundation, the employees covered by this Agreement shall be eligible for retiree health insurance provided by the Foundation to the same extent and under the same conditions that such insurance is provide by the Foundation to its non-managerial field employees.
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FOUNDATION RETIREE HEALTH INSURANCE. Upon application by the employee, the Foundation shall make available to the retired Foundation employee, and to his/her spouse, domestic partner and dependents, the same health insurance cover- * For the purpose of determining eligibility for such benefits, a "break in service" is defined as a lapse in Foundation employment of more than 30 days, excluding approved leaves of absence.
Sample 1
FOUNDATION RETIREE HEALTH INSURANCE. Upon application by the employee, the Foundation shall make available to the retired Foundation employee, and to his/her spouse, domestic partner and dependents, the same health insurance cover- age the employee had at the date of his/her retirement (individual, employee and spouse or domestic partner, parent and child(ren) or family). The retiree shall contribute to the health insurance premi- um at a rate equal to the contribution rate paid by active employees toward their health insurance premiums. The retiree health insur- ance premium contribution must be paid to the Foundation in one of two ways. Retirees may annuitize a portion of their TIAA/ CREF contract to cover their portion of the monthly health insur- ance premium payments, or they may give the Foundation written permission to debit such amounts directly from their checking account. Eligible retirees and their spouses must enroll in Medicare. Upon request and with proof of payment, the Foundation shall reimburse the retiree and their spouse for the standard monthly Medicare Part B premium payment, less an amount which equals the rate of contribution that retiree pays toward their health insurance premium.
Sample 1

Related to FOUNDATION RETIREE HEALTH INSURANCE

  • Retiree Health Insurance Retired members of the Department receiving, or to receive City of Lincoln monthly pension checks, may participate in the group comprehensive health care plan for active City employees, provided that each retiree so desiring will execute the required forms in a timely fashion, and further provided that each retiree will be required to pay the full monthly cost at the current rates subject to any rate increases which may occur from time to time. Such payment will be made by payroll deduction from pension checks, or by direct payment in the case of an early retiree.

  • Health Insurance The Couple agrees that: (check one) ☐ - Each Spouse is responsible for THEIR OWN health insurance. ☐ - Health insurance IS PROVIDED by ☐ Husband ☐ Wife (“Health Insurance Paying Spouse”) to ☐ Husband ☐ Wife (“Health Insurance Receiving Spouse”). Health insurance shall include: (check all that apply) ☐ - Medical ☐ - Dental ☐ - Vision Care ☐ - Other. . To facilitate the use of such coverage for the Health Insurance Receiving Spouse, the Health Insurance Paying Spouse shall cooperate fully and in a timely manner, including, but not limited to, obtaining and providing all necessary insurance cards and claim forms, completing and submitting all necessary documents, and delivering all insurance payments.

  • Health Insurance Benefits To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s current group health insurance policies, Executive will be eligible to continue Executive’s group health insurance benefits at Executive’s own expense. If Executive timely elects continued coverage under COBRA, the Company shall pay Executive’s COBRA premiums, and any applicable Company COBRA premiums, necessary to continue Executive’s then-current coverage for a period of 18 months after the date of Executive’s termination of employment; provided, however, that any such payments will cease if Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such premiums. Executive agrees to immediately notify the Company in writing of any such enrollment. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot provide the foregoing benefit without potentially incurring financial costs or penalties under applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable monthly amount to continue his group health insurance coverage in effect on the date of separation from service (which amount shall be based on the premium for the first month of COBRA coverage), which payments shall be made regardless of whether Executive elects COBRA continuation coverage and shall commence in the month following the month in which Executive incurs a separation from service and shall end on the earlier of (x) the date on which Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such amounts and (y) 18 months after the date of Executive’s separation from service.

  • Retiree Health Benefits 1. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3.

  • Group Health Insurance Immediately following retirement, the teacher and his/her spouse, if any, shall have the option of remaining in the Corporation’s current group health insurance plan if all of the following conditions are met as of the date of retirement and thereafter:

  • Health Insurance Committee The UFF-USF-GAU President will appoint one (1) employee to serve on the University's Student Health Insurance Committee.

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