Health Insurance Buy-Out. (a) An Employee enrolled in a County health insurance plan for the twenty-four (24) months immediately prior to submission of his buy-out application shall be eligible for a health insurance buy-out for the plan category (individual or family coverage) in which he was actually enrolled for those prior twenty-four (24) months as hereinafter set forth. Thereafter an Employee may continue to apply for the buyout if that Employee would otherwise be eligible for health insurance.
(b) In the event that the employee has not been enrolled in a family plan for 24 months but has been continuously receiving health care insurance benefits for the prior 24 month period (either in an individual plan or in a combination of the time in an individual plan and family plan for 24 months continuously) then the buyout will be awarded at the individual rate.
(c) An Employee, who meets the criteria above, may exercise the health insurance buyout by submitting an application to the County, any time during the year they elect to terminate County coverage but no later than the open enrollment period designated by the County, within that same calendar year that he/she terminated coverage along with proof of alternative non-County health insurance coverage. The application shall be as prescribed by the County and made available by Risk Management. No award shall be made in the year in which application is made (i.e., coverage is dropped in June of 2016, the buyout will be applicable in the calendar year 2017).
(d) Once an Employee has exercised the buyout, it shall remain effective for a designated calendar year unless rescinded as set forth below.
(e) Each Employee who exercises the health insurance buyout shall be paid $1,250.00 for an individual plan, and $2,500.00 for a family plan for the health insurance plans available pursuant to this Agreement.
(f) Payment shall be made between December 1st and December 15th of the following year for applications made in the current year. If an Employee leaves County employment before December 15th, he shall receive a buyout payment prorated on a monthly basis for the appropriate period.
(g) An Employee who has elected the health insurance buyout may rescind that election by presenting written proof of loss of health insurance coverage to the County. The Employee shall be eligible to apply for enrollment in an appropriate health insurance plan subject to the prescribed waiting period and the applicable health insurance contribution rate for ...
Health Insurance Buy-Out. A. Employees who are so entitled to family plan health insurance coverage through the County and opt to drop that coverage, said employees shall be entitled yearly to $5000.00, subject to proportional calculation in the event the employee makes his/her election other than at the beginning of the County's fiscal year.
B. Employees who are so entitled to individual health insurance coverage through the County, said employees shall be entitled yearly to $3000.00, subject to proportional calculation in the event the employee makes his/her election other than at the beginning of the County's fiscal year.
C. Cash payments will be made the first non payroll Friday in December each year.
D. In order to obtain the health insurance buy-out, the employee must document to the County that other health insurance is available and the employee must sign a release to the County waiving any rights to health insurance coverage and releasing the County from any other health related liability. Eligibility considerations for this buyout includes the following;
1. Other health insurance coverage is limited to sources outside what the County already participates in the cost of; such as health insurance under State or Federal low income benefit programs which include Family Health Plus, Child Health Plus or other such government sponsored health benefit programs of which the County participates in the cost thereof thru other department budgets, such as Department of Social Services. Employees who participate in such plans will not be eligible for a buyout from the County.
E. If an employee who has elected the buy out option loses his/her health insurance coverage, he/she must immediately notify the personnel office and his/her coverage will be reinstated upon the employee making the appropriate payment of the premium, if such premium is due, and otherwise satisfies any eligibility requirements.
Health Insurance Buy-Out. If an employee and the employee’s spouse both work for the Employer, such employee and spouse shall only be eligible to receive benefits from one family health and dental insurance plan. Such provision shall not exclude an employee from the Health Insurance Buy-Out program. An eligible employee may decline the health, dental and vision coverage provided in this Article XV, and instead elects to receive payment of one thousand two-hundred fifty dollars ($1,250) for each full calendar year that he or she declines family coverage or six hundred fifty dollars ($650) for each full calendar year that he or she declines individual coverage. An eligible employee who currently participates in the Employer’s Plan may decline health, dental and vision coverage (to be effective on January 1 of the following year) only between November 1 and November 15 of any calendar year. The Employer may, in its sole discretion, grant a request to decline coverage that is made before November 1 or after November 15. After an employee declines such health, dental and vision coverage, the employee will not be eligible to enroll in the Employer’s Plan unless the employee provides satisfactory documentation that the employee no longer has alternate coverage. Under such circumstances, the employee shall be allowed to re-enroll in the Employer’s Plan, subject to the Plan’s enrollment procedures and requirements. When an employee re-enrolls in the Employer’s Plan during the Plan year, the employee shall be eligible to receive (at the end of the calendar year) a pro-rated payment based upon the number of months during the year for which the employee did not receive coverage under the Plan. Less than full-time employees shall also be entitled to this option to be calculated on a pro-rata basis. Upon satisfaction of the conditions set forth below, payment will be made at the end of the calendar year. In order to receive the full payment set forth above, the employee must: (i) be actively employed by the Employer for the entire calendar year; and (ii) provide satisfactory documentation establishing that the employee was covered under a health insurance plan for the entire calendar year. Such documentation must be provided prior to payment at the end of the year. In addition to the pro-rated payment described above, the Employer shall provide an eligible employee (at the end of the calendar year) with a pro-rated payment for a partial year of declined coverage when such coverage is declined du...
Health Insurance Buy-Out. Each year that the teacher elects not to receive any hospital/medical insurance which is offered by the School District, the teacher shall receive a bonus, provided that the teacher provides proof of other coverage. If the teacher purchases subsidized insurance which results in a financial penalty being incurred by the District under the federal Affordable Care Act, the amount of the penalty shall be deducted from the amount of the bonus. For the term of this agreement, the bonus shall be $1,500.
Health Insurance Buy-Out. Upon written request of the employee and subject to the approval of the Board of Education, the Employee may elect not to participate in the District’s health plan. If requested and approved, the Employee shall receive 40% of the cost of the premium minus the employee contribution of 7%. The buy-out shall continue for a period of one year unless an emergency occurs during the year necessitating the Employee’s re- enrollment. Upon re-enrollment, the Employee must return the monies received, if any and must meet the conditions set forth by the insurance plan for re-enrollment.
Health Insurance Buy-Out. Each year, beginning with the 1985-86 school year, unit members who are otherwise health insured may opt-out from coverage in the School District’s plan upon filing written notice of exercising the option, with proof of other health insurance, by:
a. For 1985-86 - October 1 for opting out effective November 1.
b. All subsequent years - June 1 for opting out effective July 1. The payment for opting out shall be $1,200.00; provided, however, that as soon as practicable, the payment for opting out shall be payable in monthly installments pursuant to the following schedule based upon the level of participants: Up to 17 buy-outs - $1,200 per annum or $100.00 per month 18 or 19 buy-outs - $1,300 per annum or $108.33 per month 20 or 21 buy-outs - $1,400 per annum or $116.67 per month 22 or more buy-outs - $1,500 per annum or $125.00 per month A unit member who opts-out of the District’s health insurance plan shall be obligated to annually inform the District, in writing, whether or not s/he will be opting out for the next following school year. In the event such notification is not made, the District shall not be obligated to carry such unit member as covered under the plan. Re-entry shall be allowed at any time subject only to the rules governing the health insurance plan(s). Upon re-entry, the unit member shall reimburse the District on the basis of 1/12th of the per annum amount paid to the unit member, as referenced above, for each year of this Agreement, for each of those months remaining in the school year during which the District’s insurance plan(s) will provide coverage. New hires may opt-out within thirty (30) days of hire for a pro-rated amount of the buy- out.
Health Insurance Buy-Out. A bargaining unit member who received health insurance and Prescription Medicine Plan on June 30, 2012 or who receives district health insurance and Prescription Medicine Plan on any successive June 30, 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 life changing event applicable by the carrier, 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 member who elected not to receive health insurance during the 2011-2012 school year and continues to elect to not receive health care from the district going forward during new fiscal year 2012-2013 and each year thereafter, will be compensated as follows: the 2012-2013 at 50% of the plan buy-out, 2013-2014 at 75% of the plan buy-out, and for 2014-2015 at 100% of the plan buy-out as follows: Individual plan ’ 12 - ‘13 $500 ’13 - ‘14$750 ’14 - ‘15 $1,000 Two person, Domestic partner plan $1,000 $1,500 $2,000 Family plan $1,500 $2,250 $3,000 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 three (3) 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.
Health Insurance Buy-Out. Teachers covered under a health insurance plan other than that provided by the District may convert such coverage to salary under the following provisions:
a. At the teacher’s option, the teacher may waive or reduce medical insurance coverage for a full year by completing an appropriate form furnished by the District. Any teacher changing from family to individual coverage or waiving family or individual coverage shall receive as salary 50% of the premium savings, less the costs of retirement, social security or other applicable fringes. Effective July 1, 2014, any teacher changing or waiving such coverage shall receive as salary 35% of the premium savings, less the costs of retirement, social security or other applicable fringes. Effective July 1, 2015, any teacher changing or waiving such coverage shall receive as salary 20% of the premium savings, less the costs of retirement, social security or other applicable fringes.
b. Solely for the 2014-15 school year, unit members shall be permitted to rescind their election for the buy-out by submitting written notice to the Business Office on or before June 1, 2014.
c. Teachers electing to waive or reduce their coverage must do so each year by March 1, with the provisions of this section taking effect on July 1. Payment of the teacher share shall begin with the first half-payment on the payroll nearest to October 15 and a second payment on the payroll nearest to April 15. Full coverage will be automatically reinstated each year the teacher fails to file. Reinstatement shall take place on July 1 and all benefits will be available on that date.
d. In the event that a teacher’s status changes drastically so that this arrangement causes severe hardship on the teacher, that teacher may apply for reinstatement. Such circumstances may include death of a spouse, loss of a spouse’s employment, loss of a spouse’s insurance coverage, or divorce, but not limited to the aforementioned examples.
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: Single Two Person/Family $3,000 $6,000 The cash benefit, once determined, shall be prorated over the remaining number of pay periods for the appropriate school year.
3. Members of the bargaining unit who are married to one another shall be eligible for one two-person or family health insurance plan as appropriate to their family situation. One of the spouses shall receive health insurance coverage; the other shall receive a “cash payment benefit equal to a single buyout”.
Health Insurance Buy-Out. Unit members who are otherwise health insured, may opt-out from coverage in the School District's plan(s) upon filing written notice for exercising the option, with proof of other health insurance, by June 1st and July 1st, respectively. Buy-Out Schedule effective July 1, 2020: 1 to 13 $1,800.00 14 to 15 $2,000.00 16 or more $2,200.00 If the number declines, the lower rate shall be effective but in no event less than $1,800.00, Re-entry shall be allowed at any time subject only to the rules governing the health insurance plan(s). Upon re-entry, the unit member shall reimburse the District on the basis of 1/12th of $1800.00 for each of those months remaining in the one year period during which the District’s insurance plan(s) will provide coverage. Reimbursement shall be required on the same pro-rated basis for any unit member who resigns or retires during the period for which a buy-out payment has been made. Upon failure to pay the reimbursement, the District may recoup from unpaid salary the amount owed by the unit member.
