Health Benefit Plan. All employees will be provided access to their plan booklet outlining their insurance benefits. The Association will be provided with a hardcopy of the plan booklet benefits by November 1st of each school year. The NSSEO/NSSEA Insurance Committee will research and make recommendations for an additional reduced cost PPO 1 healthcare plan to be implemented in FY24. The new PPO Plan premiums must be at least 6% less than the current PPO plan. The Board shall provide individual hospitalization/major medical insurance for each employee and the employee shall contribute the following monthly amounts for the plan and school year indicated below: School Year HMO XXX0 XXX0 0000-00 $69.48 N/A $75.85 2023-24 $40 $60 $100 2024-25 $40 $70 $150 2025-26 $40 $80 $200 In addition, the Board shall provide dependent coverage at a monthly cost to the employee based on the percentage of the difference between individual and family coverage according to the percentage for the plan and school year indicated below: School Year HMO PPO 1 PPO 2 2022-23 60% N/A 60% 2023-24 50% 60% 60% 2024-25 50% 60% 65% 2025-26 50% 60% 65% In addition, if the premium increase for a plan increases more than 6% for a given school year, the Board and the employee will split equally the increase exceeding 6%.
Appears in 1 contract
Samples: Contract Agreement
Health Benefit Plan. All employees will be provided access to their plan booklet outlining their insurance benefits. The Association will be provided with a hardcopy of the plan booklet benefits by November 1st of each school year. The NSSEO/NSSEA Insurance Committee will research and make recommendations for an additional reduced cost PPO 1 healthcare plan to be implemented in FY24. The new PPO Plan premiums must be at least 6% less than the current PPO plan. The Board shall provide individual hospitalization/major medical insurance for each employee and the employee shall contribute the following monthly amounts for the plan and school year indicated below: School Year HMO XXX0 XXX0 0000PPO1 PPO2 2022-00 23 $69.48 N/A $75.85 2023-24 $40 $60 $100 2024-25 $40 $70 $150 2025-26 $40 $80 $200 In addition, the Board shall provide dependent coverage at a monthly cost to the employee based on the percentage of the difference between individual and family coverage according to the percentage for the plan and school year indicated below: School Year HMO PPO 1 PPO 2 2022-23 60% N/A 60% 2023-24 50% 60% 60% 2024-25 50% 60% 65% 2025-26 50% 60% 65% In addition, if the premium increase for a plan increases more than 6% for a given school year, the Board and the employee will split equally the increase exceeding 6%.
Appears in 1 contract
Samples: Contract Agreement
Health Benefit Plan. All employees will be provided access to their plan booklet outlining their insurance benefits. The Association will be provided with a hardcopy of the plan booklet benefits by November 1st of each school year. The NSSEO/NSSEA Insurance Committee will research and make recommendations for an additional reduced cost PPO 1 healthcare plan to be implemented in FY24. The new PPO Plan premiums must be at least six percent (6% %) less than the current PPO plan. The Board shall provide individual hospitalization/major medical insurance for each employee and the employee shall contribute the following monthly amounts for the plan and school year indicated below: School Year HMO XXX0 XXX0 0000-00 $69.48 36.98 N/A $75.85 38.35 2023-24 $40 10 $20 $60 $100 2024-25 $40 10 $70 25 $150 80 2025-26 $40 10 $80 30 $200 100 In addition, the Board shall provide dependent coverage at a monthly cost to the employee based on the percentage of the difference between individual and family coverage according to the percentage for the plan and school year indicated below: . School Year HMO PPO 1 PPO 2 2022XXX0 XXX0 0000-23 00 60% N/A 60% 2023-24 50% 60% 60% 2024-25 50% 60% 65% 2025-26 50% 60% 65% In addition, if the premium increase for a plan increases more than six percent (6% %) for a given school year, the Board and the employee will split equally the increase exceeding six percent (6%).
Appears in 1 contract
Samples: Contract Agreement
Health Benefit Plan. All employees will be provided access to their plan booklet outlining their insurance benefits. The Association will be provided with a hardcopy of the plan booklet benefits by November 1st of each school year. The NSSEO/NSSEA Insurance Committee will research and make recommendations for an additional reduced cost PPO 1 healthcare plan to be implemented in FY24. The new PPO Plan premiums must be at least six percent (6% %) less than the current PPO plan. The Board shall provide individual hospitalization/major medical insurance for each employee and the employee shall contribute the following monthly amounts for the plan and school year indicated below: School Year HMO XXX0 XXX0 0000PPO1 PPO2 2022-00 23 $69.48 36.98 N/A $75.85 38.35 2023-24 $40 10 $20 $60 $100 2024-25 $40 10 $70 25 $150 80 2025-26 $40 10 $80 30 $200 100 In addition, the Board shall provide dependent coverage at a monthly cost to the employee based on the percentage of the difference between individual and family coverage according to the percentage for the plan and school year indicated below: . School Year HMO PPO 1 PPO 2 PPO1 PPO2 2022-23 60% N/A 60% 2023-24 50% 60% 60% 2024-25 50% 60% 65% 2025-26 50% 60% 65% In addition, if the premium increase for a plan increases more than six percent (6% %) for a given school year, the Board and the employee will split equally the increase exceeding six percent (6%).
Appears in 1 contract
Samples: Contract Agreement