Health Insurance Buy Sample Clauses

Health Insurance Buy. Out - Effective 7-1-08, the buyout amount shall be set at $2,750 for those unit members currently receiving the buy-out as of the date of the signing of this Memorandum of Agreement. No others shall become eligible for the buy-out.
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Health Insurance Buy out For the 2012-13 school year, employees declining health care coverage shall receive a payment of $7,500 (family) or $2,829 (individual) in lieu of health insurance. Each year thereafter, employees declining health care coverage shall receive a payment of $7,500 (family) or $2,900 (individual) in lieu of health insurance. It is understood that employees hired on or after July 1, 2012 shall not be eligible for a health insurance buy-out payment (other than a CASEBP supplemental plan) if their health insurance is afforded through a spouse or other family member by the district. Employees who wish to change their status during the school year shall be subject to the enrollment restrictions of the carrier and the payment shall be prorated. The payment for the health insurance buy-out shall be made in the last pay period of the school year.
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Health Insurance Buy. Outs - Effective July 1, 2004, the multi-level system shall be replaced with a voluntary health insurance buy-out of $2,000.00. Those unit members who are married to a spouse who is also employed by the District shall be entitled to an individual health insurance coverage, if their spouse opts for individual coverage or one family coverage plus a $2,500.00 annual health insurance buy-out payable to the spouse covered as a dependent.
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Health Insurance Buy. Out A bargaining unit member who chooses not to enroll in the health insurance plan and Prescription Medicine Plan of the district for the next fiscal year will be compensated, at the rate of $1,000.00 for a single plan, $2,000.00 for a two person, domestic partner plan, and $3,000.00 for a family plan annually as long as they continue this selection. The health insurance buy-out will be paid out, at the end of each open enrollment period during which the district has received the full health insurance savings. If a bargaining unit member must opt into the health insurance program offered by the district, due to a qualifying event during any enrollment period, they will not be eligible to receive any buy-out for that period of the fiscal year. Additionally, bargaining unit members understand and acknowledge that any payment for the health insurance buy-out will be considered as taxable income for the bargaining unit member. Any bargaining unit members receiving a health insurance buyout who intends to participate in the district’s health insurance plan during retirement must notify the District in writing of their intention at least two (2) years prior to their retirement in order to receive health insurance, in retirement, from the district according to Article V, section X-x of this contract. If an emergent event occurs, upon the request of the member, the superintendent reserves the right to approve the waiver of this time requirement for retirement purposes. Such decision by the Superintendent is final and binding, non- grievable, and not subject to any review
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Related to Health Insurance Buy

  • Health Insurance The Couple agrees that: (check one) ☐ - Each Spouse is responsible for THEIR OWN health insurance. ☐ - Health insurance IS PROVIDED by ☐ Husband ☐ Wife (“Health Insurance Paying Spouse”) to ☐ Husband ☐ Wife (“Health Insurance Receiving Spouse”). Health insurance shall include: (check all that apply) ☐ - Medical ☐ - Dental ☐ - Vision Care ☐ - Other. . To facilitate the use of such coverage for the Health Insurance Receiving Spouse, the Health Insurance Paying Spouse shall cooperate fully and in a timely manner, including, but not limited to, obtaining and providing all necessary insurance cards and claim forms, completing and submitting all necessary documents, and delivering all insurance payments.

  • 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.

  • Group Health Insurance Immediately following retirement, the teacher shall have the option of remaining in the Corporation’s current group health insurance plan if all of the following conditions are met as of the date of retirement and thereafter:

  • Retiree Health Insurance Retired members of the Department receiving, or to receive City of Lincoln monthly pension checks, may participate in the group comprehensive health care plan for active City employees, provided that each retiree so desiring will execute the required forms in a timely fashion, and further provided that each retiree will be required to pay the full monthly cost at the current rates subject to any rate increases which may occur from time to time. Such payment will be made by payroll deduction from pension checks, or by direct payment in the case of an early retiree.

  • Ontario Health Insurance Plan The parties recognize that the method of funding OHIP has been changed from an individually paid premium to a system funded by an employer paid payroll tax. If the government, at any time in the future, reverts to an individually paid premium for health insurance, the parties agree that the Colleges will resume paying 100% of the billed premium for employees.

  • Health Insurance Coverage (a) An employee who is laid off or separated from employment on or after July 1, 1994, under circumstances which entitle such employee to reemployment rights under this Article, other than pursuant to Section 23, may elect to continue membership in their health benefit plan, upon advance payment of the regular percentage contribution to the cost of the plan, during the first six

  • Retirement Health Insurance Subd. 1. Benefit Eligibility for Employees who Retire Before Age 65

  • Health insurance premiums If you are unemployed and have received unemployment compensation for 12 consecutive weeks under a federal or state program, you may take payments from your IRA to pay for health insurance premiums without incurring the 10 percent early distribution penalty tax. 6)

  • Health Insurance Committee The UFF-USF-GAU President will appoint one (1) employee to serve on the University's Student Health Insurance Committee.

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