Health Benefit Allowance. 4.1.1 Effective January 1, 2019, the District shall provide the health benefit contribution of $1,665 per month ($19,980 annually). This fully covers the CalPERS Kaiser HMO plan (including medical, dental, $1,215 and the $1,665 (i.e. $450 per month).
4.1.2 Commencing with the 2020 health plan year, the District’s health benefit contribution shall be annually adjusted toward the cost of the CalPERS Kaiser HMO plan (including medical, dental, vision, and chiropractic) as a coverage target, whether by increasing or decreasing, by no more than $100 a month ($1,200 annually) as compared to the previous years’s health benefit contribution amount.
4.1.3 Any difference between an employee’s plan cost and the District’s health benefit contribution shall be deducted by payroll.
Health Benefit Allowance. ADVENTRX agrees to provide Employee with a health benefit allowance of $8,309, which the Employee may use, at Employee’s discretion, to pay the premiums required to continue Employee’s group health care coverage under the applicable provisions of the Consolidated Omnibus Budget Reconciliation act of 1985 (“COBRA”) or any other health care-related expenses. This health benefit allowance will be paid in the same manner as the Severance Payment and will be subject to all applicable taxes and withholdings.
Health Benefit Allowance. ADVENTRX agrees to provide Xx. Xxxxxx with a health benefit allowance of $19,870.20, which Xx. Xxxxxx may use, at Xx. Xxxxxx’x discretion, to pay the premiums required to continue Xx. Xxxxxx’x group health care coverage under the applicable provisions of the Consolidated Omnibus Budget Reconciliation act of 1985 (“COBRA”) or any other health care-related expenses. This health benefit allowance will be paid in the same manner as the Severance Payment and will be subject to all applicable taxes and withholdings.
