– HEALTH BENEFITS INSURANCE Sample Clauses

– HEALTH BENEFITS INSURANCE. 1. Effective July 1, 1994, the following medical insurance plans are offered:
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– HEALTH BENEFITS INSURANCE. The Employer agrees to pay the designated premium costs for eligible employees and their dependents, in accordance with the definition of the insurance carrier, as follows:
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– HEALTH BENEFITS INSURANCE. Health Insurance/Prescription Section 1 (a) Effective January 1, 2007, and contingent upon the Town satisfying the uniformity requirements of the State Health Benefits Program (“SHBP”), bargaining unit members shall contribute 5% of the dependent health care and prescription costs. This modification shall not be effective until the Town has satisfied the uniformity requirements of the SHBP. (b) The requirements of Section (a) above shall be applicable to all employees who retire on or after July 1, 2007, and shall be implemented immediately upon the Town’s compliance with the uniformity requirements of the State Health Benefits Program. By example, if an employee retires on July 1, 2007, and the uniformity requirements of the State Health Benefits program are satisfied on September 1, 2007, the 5% contribution shall commence on September 1, 2007.
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– HEALTH BENEFITS INSURANCE. Section 1 Health Insurance/Prescription (a) Effective January 1, 2007, and contingent upon the Town satisfying the uniformity requirements of the State Health Benefits Program (“SHBP”), bargaining unit members shall contribute 5% of the dependent health care and prescription costs. This modification shall not be effective until the Town has satisfied the uniformity requirements of the SHBP. N.J.A.C. 17:9-5.4, requires that SHBP employers electing to pay any portion of the cost of dependent coverage pay the same proportion of the cost of such dependent coverage for all employees covered in the program. Thus, the 5% contribution shall not take affect until the Town has met the uniformity requirements of the SHBP. Upon meeting the uniformity requirements of the SHBP and upon the implementation of the 5% contribution, the Town shall simultaneously adopt a Section 125 Plan to allow employee contributions on a pre-tax basis. (b) The requirements of Section (a) above shall be applicable to all employees who retire on or after July 1, 2007, and shall be implemented immediately upon the Town’s compliance with the uniformity requirements of the State Health Benefits Program. By example, if an employee retires on July 1, 2007, and the uniformity requirements of the State Health Benefits program are satisfied on September 1, 2007, the 5% contribution shall commence on September 1, 2007.
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– HEALTH BENEFITS INSURANCE. Section 1 The following health insurance benefits shall be provided to all full time employees: 1. The town shall provide to the employee and qualified dependents, at no cost to the employee, health insurance provided through the New Jersey Health Insurance Plan or its equivalent. 2. The Town shall provide prescription coverage at the Towns expense with coverage equal to that provided through the New Jersey Health Insurance Plan to said employee and qualified dependents at the Towns expense. 3. The Town shall provide dental and eyeglass coverage at the Towns expense with coverage equal to that, which is presently provided, or its equivalent as may be available. 4. Should the employee opt out of health insurance for a coverage year as may be permitted by the New Jersey Health Insurance Plan, the employee shall receive a payment of forty percent (40%) of the actual cost of premium in each year for which the employee is not covered by the Towns health insurance plan. 5. $10,000.00 life insurance policy for employee only. 6. New Jersey State Disability Plan for employee only. Section 2 Employees retiring from the Town employment with twenty-five (25) full time years service with the Town shall receive all the benefits described in Section 1 above with the exception of the $10,000.00 life Insurance Policy and participation in the New Jersey State Disability Plan. Prescription coverage shall also be provided however limited to the levels of coverage provided by the New Jersey Health Insurance Plan or its equivalent, which may differ from levels of coverage provided to active employees. Section 3 If the Town employs a husband and wife, and only one employee has hospitalization then in the event of the covered employees death, divorce, legal separation or termination that spouse without coverage may choose his/her hospital plan, to become effective immediately. Section 4 If the Town provides additional medical or health insurance to its other employees during the term of this contract, such additional coverage shall be afforded to the members under this contract. Section 5 The Town shall provide legal advise and counsel to each employee, whenever said employee is a defendant in any action or legal proceeding arising out of or incidental to the performance of his/her duties. The Town shall provide said employee with necessary means for the defense of such action or proceeding, but not for his/her defense in a disciplinary proceeding instituted against him/her by th...
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– HEALTH BENEFITS INSURANCE. Section 1 The following health insurance benefits shall be provided to all full time employees: 1. The town shall provide to the employee and qualified dependents, at no cost to the employee, health insurance provided through the New Jersey Health Insurance Plan or its equivalent. 2. The Town shall provide prescription coverage at the Towns expense with coverage equal to that provided through the New Jersey Health Insurance Plan to said employee and qualified dependents at the Towns expense. 3. The Town shall provide dental and eyeglass coverage at the Towns expense with coverage equal to that, which is presently provided, or its equivalent as may be available. 4. Should the employee opt out of health insurance for a coverage year as may be permitted by the New Jersey Health Insurance Plan, the employee shall receive a payment of forty percent (40%) of the actual cost of premium in each year for which the employee is not covered by the Towns health insurance plan. 5. $10,000.00 life insurance policy for employee only. 6. New Jersey State Disability Plan for employee only. Employees retiring from the Town employment with twenty-five (25) full time years service with the Town shall receive all the benefits described in Section 1 above with the exception of the $10,000.00 life Insurance Policy and participation in the New Jersey State Disability Plan. Prescription coverage shall also be provided however limited to the levels of coverage provided by the New Jersey Health Insurance Plan or its equivalent, which may differ from levels of coverage provided to active employees.
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– HEALTH BENEFITS INSURANCE. Section 1 The following health insurance benefits shall be provided to all full time employees: 1. The town shall provide to the employee and qualified dependents (subject to the provisions of subparagraphs c, d and e, below), at no cost to the employee, health insurance provided through the New Jersey Health Insurance Plan or its equivalent. 2. The Town shall provide prescription coverage at the Town’s expense with coverage equal to that provided through the New Jersey Health Insurance Plan to said employee and qualified dependents (subject to the provisions of subparagraphs c, d and e, below) at the Town’s expense. Effective January 1, 2007, the co-pay for generic prescriptions is three dollars ($3) and ten dollars ($10) for brand name prescriptions (per current SHBP rates) and may be subject to change to reflect the SHBP prescription co-pays. Bargaining unit members and their dependents shall be responsible for the payment of prescription co-pays as set by the SHBP. 3. Effective January 1, 2007, and contingent upon the Town satisfying the uniformity requirements of the State Health Benefits Program (“SHBP”), bargaining unit members shall contribute 5% of the dependent health care and prescription premium costs. This modification shall not be effective until the Town has satisfied the uniformity requirements of the SHBP. N.J.A.C. 17:9-5.4, requires that SHBP employers electing to pay any portion of the cost of dependent coverage pay the same proportion of the cost of such dependent coverage for all employees covered in the program. Thus, the 5% contribution shall not take effect until the Town has met the uniformity requirements of the SHBP. Upon meeting the uniformity requirements of the SHBP and upon the implementation of the 5% contribution, the Town shall simultaneously adopt a Section 125 Plan to allow employee contributions on a pre-tax basis. 4. The requirements of Section 1, c., above shall be applicable to all employees who retire on or after July 1, 2007, and shall be implemented immediately upon the Town’s compliance with the uniformity requirements of the State Health Benefits Program. By example, if an employee retires on July 1, 2007, and the uniformity requirements of the State Health Benefits Program are satisfied on September 1, 2007, the 5% contribution shall commence on September 1, 2007. Any employee who has 25 years of active service with the Town as of the date of this Contract shall not be required to contribute toward their retire...
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Related to – HEALTH BENEFITS INSURANCE

  • Health Benefits For the eighteen (18) month period following the Termination Date, provided that Executive is eligible for, and timely elects COBRA continuation coverage, the Company will pay on Executive’s behalf, the monthly cost of COBRA continuation coverage under the Company’s group health plan for Executive and, where applicable, her spouse and dependents, at the level in effect as of the Termination Date, adjusted for any increase in such level paid by the Company for active employees, less the employee portion of the applicable premiums that Executive would have paid had she remained employed during the such eighteen (18) month period (the COBRA continuation coverage period shall run concurrently with the eighteen (18) month period that COBRA premium payments are made on Executive’s behalf under this subsection 1(a)(ii)). The reimbursements described herein shall be paid in monthly installments, commencing on the sixtieth (60th) day following the Termination Date, provided that the first such installment payment shall include any unpaid reimbursements that would have been made during the first sixty (60) days following the Termination Date. Notwithstanding the foregoing, the Company’s payment of the monthly COBRA premiums in accordance with this subsection 1(a)(ii) shall cease immediately upon the earlier of: (A) the end of the eighteen (18) month period following the Termination Date, or (B) the date that Executive is eligible for comparable coverage with a subsequent employer. Executive agrees to notify the Company in writing immediately if subsequent employment is accepted prior to the end of the eighteen (18) month period following the Termination Date and Executive agrees to repay to the Company any COBRA premium amount paid on Executive’s behalf during such period for any period of employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoing, the Company reserves the right to restructure the foregoing COBRA premium payment arrangement in any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to the Company or Executive (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder), as determined by the Company in its sole and absolute discretion.

  • 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. 2. With regard to LACERS Tier 1, as provided by LAAC Section 4.1111, the monthly Maximum Medical Plan Premium Subsidy, which represents the Kaiser 2-party non-Medicare Part A and Part B premium, is vested for all members who made the additional contributions authorized by LAAC Section 4.1003(c). 3. Additionally, with regard to Tier 1 members who made the additional contribution authorized by LAAC Section 4.1003(c), the maximum amount of the annual increase authorized in LAAC Section 4.1111(b) is a vested benefit that shall be granted by the LACERS Board. 4. With regard to LACERS Tier 3, the Implementing Ordinance shall provide that all Tier 3 members shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits, and shall amend LAAC Division 4, Chapter 11 to provide the same vested benefits to all Tier 3 members as currently are provided to Tier 1 members who make the same four percent (4%) contribution to LACERS under the retiree health benefit program. 5. The entitlement to retiree health benefits under this provision shall be subject to the rules under LAAC Division 4, Chapter 11 in effect as of the effective date of this provision, and the rules that shall be placed into LAAC Division 4, Chapters 10 and 11, with regard to Tier 3, by the Implementing Ordinance. 6. As further provided herein, the amount of employee contributions is subject to bargaining in future MOU negotiations. 7. The vesting schedule for the Maximum Medical Plan Premium Subsidy for employees enrolled in LACERS Tier 1 and LACERS Tier 3 shall be the same. 8. Employees whose Health Service Credit, as defined in LAAC Division 4, Chapter 11, is based on periods of part-time and less than full-time employment, shall receive full, rather than prorated, Health Service Credit for periods of service. The monthly retiree medical subsidy amount to which these employees are entitled shall be prorated based on the extent to which their service credit is prorated due to their less than full time status.

  • Long Term Disability Insurance Plan The Employer shall provide a mutually acceptable long-term disability insurance plan, a copy of which shall appear in Appendix “A” – Long-Term Disability Insurance Plan. The plan shall provide post-probationary regular employees with salary continuation as per Appendix “A” until age sixty-five (65) in the event of a disability. The cost of the plan shall be borne by the Employer.

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions. B. Faculty members will be eligible to purchase the following supplemental coverage: 1. additional amounts of group term life insurance at a level of between one and three (3) times the Faculty member’s annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 2. group term life insurance for spouses and domestic partners at a level of between one (1) and three (3) times annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 3. group term life insurance for eligible dependent children at a level of $10,000.

  • Insurance Plans The Executive is eligible to participate in the life, health, dental, short and long-term disability plans made available to the employees of the Company pursuant to the terms and conditions of such plans.

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