Health Care Savings Plan in Lieu of Retiree Health Insurance. (Hired on or after 7-1-2005)

Health Care Savings Plan in Lieu of Retiree Health Insurance prorate and responsible for ER contributions only

Health Care Savings Plan in Lieu of Retiree Health Insurance. A. Employees hired after July 1, 2005, and eligible for health insurance coverage will participate in a Health Care Savings Plan (HCSP). Upon completing five years of service, employees will be automatically enrolled in the plan before the first contribution is made by the District on their behalf. Employees hired prior to July 1, 2005 and eligible for health insurance coverage who previously elected to participate in this HCSP will continue with this program with the understanding that payments will not be retroactive prior to 2005 and that there is no re- election of the retiree health insurance program in Appendix B A11.6 in the future.

Health Care Savings Plan in Lieu of Retiree Health Insurance. Employees hired after July 1, 2005 and eligible for health insurance coverage will participate in a Health Care Savings Plan (HCSP) in lieu of retiree health insurance in 10.7. Upon completing five years of service, employees will be automatically enrolled in the plan before the first contribution is made by the District on their behalf. Employees hired prior to July 1, 2005 and eligible for health insurance coverage who previously elected to participate in this HCSP may remain in this program with the understanding that it will not be retroactive and that there is no re-election of the retiree health insurance program (10.7) in the future. Employees who have completed the number of full years of employment by June 30th of any year after 2005 and who are eligible for health insurance coverage will receive the following annual contribution from the District to be placed in the employee’s HCSP account: $ 0 annually Completed 0-4 years in the District. $ 1,000 maximum annually Completed 5-9 years in the District $ 2,500 maximum annually Completed 10-14 years in the District $ 5,000 maximum annually Completed 15+ years in the District The maximum total District contribution that any employee can receive under this section is $50,000.

Related to Health Care Savings Plan in Lieu of Retiree Health Insurance

HEALTH CARE PLANS ‌ Notwithstanding the references to the Pacific Blue Cross Plans in this article, the parties agree that Employers, who are not currently providing benefits under the Pacific Blue Cross Plans may continue to provide the benefits through another carrier providing that the overall level of benefits is comparable to the level of benefits under the Pacific Blue Cross Plans.
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.

Health Care Savings Plan in Lieu of Retiree Health Insurance Sample Clauses