Common use of Group Plans Clause in Contracts

Group Plans. The Employer will continue to provide the current level of benefits to full- time employees who have completed three (3) months of continuous service. The Employer will pay 100% of the premiums for Basic Life Insurance, Dependent Life Insurance and AD&D. The Employer will pay 50% of the premium cost for extended health care and long-term disability and 70% of the premium cost of dental benefits. Employees may elect to pay 100% of the premium for long term disability coverage and the Employer will pay 65% of the extended health care. Employees hired after December 6, 2012 will pay 100% of the Long Term Disability premiums and will only pay 30% of the extended health care premium. Prior to eligibility for LTD coverage, the cost share for extended health care benefits is 50/50. The employer will pay 70% of the premium cost of dental benefits. Employees will pay 100% of the premiums for optional group life insurance and any voluntary benefit plans. The company will amend its drug plan to reimburse for generic prescription drugs only, where a generic drug is available. If the employee chooses the name brand drug, they will be dispensed the brand name drug and pay the difference in cost between the generic drug and the name brand drug.

Group Plans. The Employer will continue to provide the current level of benefits to full- full-time employees who have completed three (3) months of continuous service. The Employer will pay 100% of the premiums for Basic Life Insurance, Dependent Life Insurance and AD&D. The Employer will pay 50% of the premium cost for extended health care and long-term disability and 70% of the premium cost of dental benefits. Employees may elect to pay 100% of the premium for long term disability coverage and the Employer will pay 65% of the extended health care. Employees hired after December 6, 2012 will pay 100% of the Long Term Disability premiums and will only pay 30% of the extended health care premium. Prior to eligibility for LTD coverage, the cost share for extended health care benefits is 50/50. The employer will pay 70% of the premium cost of dental benefits. Employees will pay 100% of the premiums for optional group life insurance and any voluntary benefit plans. The company will amend its drug plan to reimburse for generic prescription drugs only, where a generic drug is available. If the employee chooses the name brand drug, they will be dispensed the brand name drug and pay the difference in cost between the generic drug and the name brand drug.