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 1. All eligible administrators shall have the option of dropping the Health Insurance Plan provided by the District and will receive $2,500 annually. For administrators who receive coverage through a spouse who is also employed by the District, such payment will be $1,553. 2. All new administrators who meet the criteria and who elect not to take the Health Insurance Plan will also be eligible for said payment. 3. Notification for requesting this option must be given in writing and proof of alternate coverage must be provided to the Superintendent/designee. 4. Payment will be issued in the last pay period in June, or upon the administrator's separation from the District. The payment shall be pro-rated if less than a full year of employment. 5. If an administrator wishes to change his/her option, written notice must be given to the Superintendent/designee by April 30th, regardless of the date of hire, and said change will be effective as of July 1st of the succeeding fiscal year. 6. An administrator who loses coverage under a spouse's insurance will, upon proof of said loss to the Superintendent/designee, be allowed re-entry into the 7. Insurance program. Re-entry will be as soon as possible within the rules of the carrier. The payment will be on a pro-rated basis if re-entry is in the same year the plan was dropped. The administrator will be assessed the appropriate share of the premium for the remainder of the period of coverage.
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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) An Employee enrolled in a County health insurance plan for the twenty-four
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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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Health Insurance Buy. Out 1. Any member of the bargaining unit may elect to receive a “cash benefit” instead of health insurance coverage provided for in this Article. The member must elect the cash benefit in writing, which must be submitted to the Superintendent on or before May 15 of each school year for the election to be effective July 1of the subsequent school year. Bargaining unit members appointed on or after July 1 must make the election no later than September 1. No election of the cash benefit will be valid unless accompanied by proof of non-District health insurance coverage. 2. The amount of the “cash benefit” to be paid by the District to a bargaining unit member who elects the benefit shall be as follows: The cash benefit, once determined, shall be prorated over the remaining number of pay periods for the appropriate school year.
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Health Insurance Buy out 1. A health insurance buy-out will be instituted allowing unit employees who can demonstrate coverage from another source to buy-out from participating in District sponsored coverage commencing at the rate of Two Thousand Five Hundred Dollars ($2,500) per year. The buy-out amount will be adjusted to be equal to the buy-out amounted provided for in the Liberty Faculty Association Contract for the same contract period. Payments will be made quarterly commencing at the rate of Six Hundred Twenty Five Dollars ($625.00), and subsequently adjusted as provided above, upon submission of proof of coverage. Employees losing coverage may, upon return of the unused pro rata portion of the buy-out money, return to the plan effective the earliest re-entry date. 2. Effective July 1, 1999 Unit members who are otherwise health insured may opt-out of the District’s health insurance program and receive payment of Two Thousand Five Hundred Dollars ($2,500), or if the amount is adjusted, then the adjusted amount for opting-out. Effective July 1, 2006, the health insurance buyout shall be paid either quarterly in equal installments or in one installment on or before June 15th. Said method of payment shall be at the discretion of the employee. 3. Beginning with the 1999-2000 school year, notice of opting-out and proof of alternative health insurance coverage must be provided to the School Business Administrator by employees in writing no later than June 1st for opting out. New hires shall provide proof of alternative health insurance coverage and notice of opting out to the School Business Administrator by September 15th. In future years the application deadline shall be June 1st, for opting out as of July 1st. 4. Re-entry into the District’s health insurance program shall be allowed at any time subject only to the waiting period, if any, of the District’s health insurance program rules and regulations. 5. New hires may opt-out to receive this benefit on a prorated basis provided that an application and proof of other health insurance is furnished to the School Business Official within thirty (30) calendar days of starting work. 6. Re-entry into the District’s health insurance program shall be conditioned upon the Unit member repaying 1/12th of the annual buy-out amount for each month remaining in the school year. In the event that an employee’s services are terminated for whatever reason, or the employee is granted an unpaid leave of absence, the employee shall be required ...
Sample 1
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Related to Health Insurance Buy

  • Health Insurance The Couple agrees that: (check one)

  • 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 The Employer shall provide a comprehensive health care insurance program for all permanent full-time and part-time employees. Health Plan characteristics and benefits shall be as provided in the Employer’s Agreement with the Ohio Civil Service Employees Association (hereinafter OCSEA). Regardless of the plan, employees will pay fifteen percent (15%) of the premium and the Employer will pay eighty-five percent (85%) of the premium; however for any alternative plans offered pursuant to the Agreement with OCSEA, the employees’ premium share will be determined by the Director of DAS, but will not exceed fifteen percent (15%) of the premium. The Employer’s premium share shall be paid on behalf of eligible employees as provided in the Employer’s Agreement with OCSEA. Employees who include a spouse as a dependent for healthcare coverage shall pay a surcharge as provided in the Employer’s Agreement with OCSEA. Eligibility provisions for employees enrolling in State provided health care plans shall remain the same as those in effect in the Employer’s Agreement with OCSEA. The Employer reserves the right to perform dependent eligibility audits upon recommendation of the Joint Health Care Committee. Health care costs paid on behalf of ineligible dependents will be subject to recovery. Deductibles, co-payments, and other plan design provisions for all benefit programs shall be the same as those prescribed in the Employer’s Agreement with OCSEA. Every year the Employer shall conduct an open enrollment period, at which time employees shall be able to enroll in a health plan, continue enrollment in their current plan, switch to another plan, subject to plan availability in their area, or waive coverage. The timing of the open enrollment period shall be established by the Director of the Department of Administrative Services (DAS), in consultation with the Joint Health Care Committee. Changes outside of open enrollment may only occur as prescribed in the Employer’s Agreement with OCSEA. Open Enrollment Fairs shall be held in accordance with Employer’s Agreement with OCSEA. There shall be established a Joint Health Care Committee composed of representatives of management, and of the various labor Unions representing State employees. The Committee shall meet regularly to monitor the operation of the State’s health care plans, and to make recommendations for the improvement of the plans and cost containment procedures. The Employer shall provide funding for dental, vision and the life benefits as described in Article 21 of the Employer’s Agreement with OCSEA and the Union’s Benefits Trust. Employee health insurance payments will be deducted from every paycheck. In the event an employee is receiving disability leave or Workers’ Compensation benefits, the Employer- policyholder shall continue, at no cost to the employee, the coverage of group health insurance for such employee for the period of such leave, but not beyond twelve (12) months. If the employee’s leave extends beyond twelve

  • 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.

  • 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

  • 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.

  • Health Insurance Portability and Accountability Act Grantee certifies that it is in compliance with the Health Insurance Portability and Accountability Act of 1996 (HIPAA), Public Law Xx. 000-000, 00 XXX Parts 160, 162 and 164, and the Social Security Act, 42 USC 1320d-2 through 1320d-7, in that it may not use or disclose protected health information other than as permitted or required by law and agrees to use appropriate safeguards to prevent use or disclosure of the protected health information. Grantee shall maintain, for a minimum of six (6) years, all protected health information.

  • Health Insurance Portability and Accountability Act of 1996 This paragraph was intentionally left blank.

  • Health Care Insurance While a faculty member is on an approved leave of this type, the faculty member will be advised regarding the right to continue health care benefits in accordance with COBRA during the period of unpaid absence.

  • Health & Welfare Benefits Executive shall be eligible to participate in all health and welfare benefits provided generally to other employees of the Company.

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