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. 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. 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. 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. Health Insurance Buy Back Option to be offered by the Employer with the following conditions:
A. Option applies to all employees receiving the buy back option as of the date of ratification of this Agreement. Such employees are eligible only for continuation of the benefit at the tier elected as of the date of ratification of this Agreement. Employees receiving the buy back option who thereafter opt out of the benefit are ineligible to opt back in.
B. Must provide evidence acceptable to Employer of coverage elsewhere at times and in forms determined by Employer.
C. Employer has no liability to employee electing this plan beyond payment of rebate. (No liability if other coverage is lost for any reason).
D. Employee may rejoin Employer's plans only on terms acceptable to carrier (including proof of insurability).
E. Implementation and continuation of this plan must have no material adverse effect on Employer's insurance premium.
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.
2. Eligible employees must elect the “opt-out” no later than January 15th preceding the fiscal year in which the “opt-out” will be effective (unless a qualifing event, as defined by the IRS section 125 plan, occurs which will allow the employee to “opt-out” at any time during the plan year on a prorated basis). Such election must be made in writing on a form provided by the Sauquoit Valley School District and accompanied by proof of alternative health coverage.
3. New employees who become employed after the election dates specified above may elect the option at any time up to the time of the next election window and receive a prorated “opt-out” amount based upon the length of time employed in the fiscal year of the “opt-out”.
4. In the event that an employee loses his/her alternative health insurance coverage due to a qualifying event (as defined by the IRS Section 125 Plans) she/he shall be able to re-enter the health plan in accordance with the rules and regulations of the plan. Any employee who re-enters the plan shall only be entitled to the pro-rata amount of the “opt-out” amount.
5. The “opt-out” amount shall be $750.00 individual and $2,000 for family.
6. “Opt-out” amounts shall be paid by separate check (minus any pro-ration) at the conclusion of the school year.
7. Effective July 1, 2012, the health insurance buy back for married couples who are both members of the bargaining unit shall be subject to the following provisions:
a. Effective July 1, 2012, the buyout shall be $1,500.
b. Effective July 1, 2013, the buyout shall be $1,300.
c. Effective July 1, 2014, the buyout shall be $1,100.
d. Effective July 1, 2015, the buyout shall no longer be available to married couples who are both members of the bargaining unit.
e. Beginning July 1, 2012, such couples shall be eligible to give each other any sick leave they have accrued for any legitimate use of such leave, but must agree to forgo any monetary buyout for the year they elect to donate the aforementioned sick leave.
f. These benefits will not be available to any married couples hired or married after July 1, 2012 where both are members of the bargaining unit.
Health Insurance Buy-back. Health Insurance Buy Back Option to be offered by the Employer with the following conditions:
A. Option applies to all employees receiving the buy back option as of the date of ratification of this Agreement. Such employees are eligible only for continuation of the benefit at the tier elected as of the date of ratification of this Agreement. Employees receiving the buy back option who thereafter opt out of the benefit are ineligible to opt back in.
B. Must provide evidence acceptable to Employer of coverage elsewhere at times and in forms determined by Employer.
C. Employer has no liability to employee electing this plan beyond payment of rebate. (No liability if other coverage is lost for any reason).
D. Employee may rejoin Employer's plans only on terms acceptable to carrier (including proof of insurability).
E. Implementation and continuation of this plan must have no material adverse effect on Employer's insurance premium.
F. Rebate to be accrued and paid semi-annually on uniform dates to be determined by Employer.
G. Rebates shall be gross, subject to any deductions required by law or authorized by the employee.
H. Plan must have no adverse consequences to any American Red Cross Employee not participating.
I. Rebates to be as follows based on required Employer contributions: J. If this plan is discontinued under (E) or (H), employees will continue to receive rebate until reenrolled in another Employer health 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.
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.
