Health Insurance Benefits Sample Clauses

Health Insurance Benefits. To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s current group health insurance policies, Executive will be eligible to continue Executive’s group health insurance benefits at Executive’s own expense. If Executive timely elects continued coverage under COBRA, the Company shall pay Executive’s COBRA premiums, and any applicable Company COBRA premiums, necessary to continue Executive’s then-current coverage for a period of 12 months after the date of Executive’s termination of employment; provided, however, that any such payments will cease if Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such premiums. Executive agrees to immediately notify the Company in writing of any such enrollment. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot provide the foregoing benefit without potentially incurring financial costs or penalties under applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable monthly amount to continue his group health insurance coverage in effect on the date of separation from service (which amount shall be based on the premium for the first month of COBRA coverage), which payments shall be made regardless of whether Executive elects COBRA continuation coverage and shall commence in the month following the month in which Executive incurs a separation from service and shall end on the earlier of (x) the date on which Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such amounts and (y) 12 months after the date of Executive’s separation from service.
AutoNDA by SimpleDocs
Health Insurance Benefits. To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s current group health insurance policies, Executive will be eligible to continue Executive’s group health insurance benefits at Executive’s own expense. If Executive timely elects continued coverage under COBRA, the Company shall pay Executive’s COBRA premiums, and any applicable Company COBRA premiums, necessary to continue Executive’s then-current coverage for a period of 24 months after the date of Executive’s termination of employment; provided, however, that any such payments will cease if Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such premiums. Executive agrees to immediately notify the Company in writing of any such enrollment.
Health Insurance Benefits. Eligible full-time and part-time employees who are regularly scheduled to work at least twenty (20) hours or more per week are eligible to participate in the health insurance benefit program offered by the Employer to a majority of its employees who are not in a bargaining unit. Employees shall be offered benefit options, in accordance with the terms of the Employer’s program, with regard to medical, dental, vision, life, AD&D, and long-term disability and short-term disability plans, and healthcare and dependent care spending accounts. The benefits available under this section will not be reduced unilaterally during the term of this Agreement. If the Employer contemplates any changes in insurance plan design benefits that would not make them substantially equivalent on an aggregate basis, the Employer will notify the Union of the proposed changes and will meet with the Union, upon request, to bargain over the proposed changes prior to their implementation. The Employer will provide notice at least two (2) weeks prior to the commencement of the annual benefit open enrollment period.
Health Insurance Benefits. Employees and their dependents shall be eligible for coverage under the Town’s health plan, subject to the plan’s terms and conditions.
Health Insurance Benefits. A bargaining unit member may elect to receive a retiree group health benefit program. The Board shall provide a group health benefit program for a retiree (excluding dependents) who has reached the age of 55 years, qualifies for retirement under PERS, and has served the District for ten (10) years, each year of which would qualify as a sufficient length of service for purposes of advancement. The ten (10) years need not be continuous, but shall have been served within the last fifteen (15) years. The retiree shall no longer be eligible for this benefit when the retiree becomes eligible for Medicare, or when the retiree becomes eligible for a group medical benefit plan with another employer or agency. The benefit shall be available for any qualified unit member who retires prior to June 30, 2009. Unit members hired on or after July 1, 2010, must complete twenty (20) years of satisfactory service in the District by June 30 of the year in which the unit member otherwise qualifies for retirement under PERS to be eligible for early retirement health benefits. The twenty (20) years need not be continuous, but shall have been served within the last twenty-five (25) years. It is understood that if the health benefits plan is revised, the retiree will be subject to the same health plan coverage as is provided for the active unit member. The retiree has the option to obtain coverage for eligible dependents at the retiree’s expense. Notwithstanding the expiration of this Agreement, coverage will remain in effect for any employee who retires under this Article prior to June 30, 2009, as long as the unit member meets the requirements stated herein.
Health Insurance Benefits. 21.1 The Corporation agrees to pay one hundred percent (100%) of the premiums of the following benefit plans for Regular and Probationary employees once employment commences:
AutoNDA by SimpleDocs
Health Insurance Benefits. Executive shall be entitled to participate in medical, dental and other employee benefits pursuant to the established benefit plans of the Company.
Health Insurance Benefits. (A) ELIGIBILITY - All full-time and regular part-time nurses who have completed three months of employment may be eligible for enrolment in the following benefit programs.
Health Insurance Benefits. Benefits OLC HDHP OLC Deductible In-Network $1500 sgl / $3000 fam $300 sgl / $600 fam Non-Network $3000 sgl / $6000 fam $800 sgl / $1600 fam Coinsurace In-Network 80% / 20% after ded 80% / 20% Non-Network 60% / 40% after ded 60% / 40% Out of Pocket Maximum In-Network $3000 sgl / $6000 fam $700 sgl / $1200 fam Non-Network $6000 sgl / $9000 fam $1600 sgl / $3200 fam Office Visit Primary Care 20% after ded $20 copay Specialist 40% after ded $30 copay Hospital Inpatient Stay In-Network 20% after ded 20% after ded Non-Network 40%after ded 40% after ded Outpatient Surgery In-Network 20% after ded 20% after ded Non-Network 40% after ded 40% after ded Emergency Room In-Network 20% after ded $75 copay, 20% after ded, copay waived if admitted Non-Network same as in-network same as in-network Urgent Care In-Network 20% after ded $30 copay, 20% after ded Non-Network 40% after ded $30 copay, 40% after ded Lifetime Maximum No maximum No maximum Pre-Notification Penalty Benefits reduced to 50% of eligible expenses Benefits reduced to 50% of eligible expenses Rx Copays Retail/Mail Retail/Mail Tier 1 20% after ded $5/$12.50 Tier 2 20% after ded $15/$25 Tier 3 20% after ded $30/$60
Time is Money Join Law Insider Premium to draft better contracts faster.