HEALTH INSURANCE BUY BACK. The School District agrees to pay $2,000 to any teacher who does not elect to participate in School Care, Plan One upon evidence of a certificate of insurance, the buyback will be paid in two equal installments, December and May.
HEALTH INSURANCE BUY BACK. Effective January 1, 2001 an employee who is covered under alternate health insurance through another employer (e.g. spouse) may elect in writing, on a form provided by the Town, to waive coverage under the Town’s health and dental insurance programs. Such employee shall receive $1,000 (one thousand dollars), alternatively, an employee eligible for health and dental coverage for 2 or more persons who waives same shall receive $1,500; on or about December 1 of each year, and prorated as necessary based on the number of calendar months out of the preceding twelve (12) months during which the Town was not required to pay any premiums for health/dental coverage for the employee or his/her dependents. Re-entry into the Town’s insurance program shall be permitted on the first day of January, April, July or October of each year.
HEALTH INSURANCE BUY BACK. 15.4 - Section (1). The Employer agrees to make available to all full-time Employees who have completed the first of the month following a 150-day probationary period the Teamsters Local 671 Health Services and Insurance Plan, Silver Plan.
HEALTH INSURANCE BUY BACK. Health Insurance Buy Back Option to be offered by the Employer with the following conditions:
HEALTH INSURANCE BUY BACK. 1. Effective the fiscal year commencing July 1, 2004, a health insurance “opt-out” payment will be available to employees who are otherwise eligible for participation in the health plan with contributions by the employer. Any individual electing to “opt-out” must provide proof of alternative insurance coverage through another source.
HEALTH INSURANCE BUY BACK. 15.4 Effective July 1, 2014, the Town shall provide the following insurance program for those employees and their eligible dependents that choose to enroll in the High Deductible/Health Savings Account plan (“HSA plan”)to include Dental coverage. Full details of the group insurance benefits outlined herein are available for review in the Department of Human Resources.
HEALTH INSURANCE BUY BACK. Employees and retirees shall be eligible to either forego health insurance coverage or transfer from a family plan to an individual plan in accordance with procedures. Where an employee or retiree has qualified for the program pursuant to the policy in effect, they shall receive fifty percent (50%) of the annual savings minus any applicable contribution in equal, semi-annual installments. In any year that an employee or retiree opts into or out of the health insurance buy-back due to a qualifying event, the buyback shall be prorated. All employees hired after February 23, 2016 shall be eligible for a health insurance buy-back for Individual coverage only.
HEALTH INSURANCE BUY BACK. Employees hired on or after 1/1/2018 will be eligible for health insurance buy back based on the individual Platinum Plan rate.
HEALTH INSURANCE BUY BACK. Employees who elect not to take health insurance through the Employer shall receive 50% of the Employer’s annual contribution for the higher monthly premium cost individual policy offered, provided that the employee provides proof to the Employer that the employee is covered by another health insurance plan which provides health insurance coverage for the employee equal to or better than the coverage of the health insurance plan being offered by the employer at that time. The level of this benefit is prorated for part time employees. Employees hired on or after 1/1/2018 will receive fifty percent (50%) of the individual premium for the GTCMHIC Standard Platinum Plan.
HEALTH INSURANCE BUY BACK. The Board agrees to pay $2,000 to any Employee who does not elect to participate in School Care, Green Open Access Plan upon evidence of a certificate of insurance on a plan other than one proposed through Xxxxxxxxxx.xxx (under the provisions of the Affordable Care Act). The buyback shall be paid in two equal payments, one in the first pay period of December and the second by May 18th or the second payroll of May whichever comes first. The buyback may be paid to the Employee or to a Tax Sheltered Annuity for the benefit of the Employee, at the Employee’s option.
