Common use of FOUNDATION RETIREE HEALTH INSURANCE Clause in Contracts

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.

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 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 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 con- tract 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 pro- gram so long as they continue to satisfy the program's ’s dependent eligibility xxx- gibility 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 manage- rial field employees.

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 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 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 con- tract 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 pro- gram so long as they continue to satisfy the program's ’s dependent eligibility xxx- gibility 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.program

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 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 premium at a rate equal to the contribution rate paid by active employees toward their health insurance premiums. The retiree health insurance 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 insurance premium pre- mium payments, or they may give the Foundation written permission permis- sion 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 con- tribution 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 elect- ing 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 pro- gram so long as they continue to satisfy the program's ’s dependent eligibility xxx- gibility 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.by