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. 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. 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 a The district will pay $1,000 annually to the employees who qualify for individual and/or family health insurance coverage but choose not to receive any health benefit. Dental insurance does not qualify for this benefit.
Health Insurance Buy-back. The Board agrees to pay $2000 to any teacher 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 in December and May, by the 18th of the month or the second payroll of the month 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.
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. 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. 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.
