Health Insurance Pool Sample Clauses

Health Insurance Pool. The District shall maintain a Health Insurance pool intended to be used to offset the out-of-pocket costs incurred by eligible members who utilize two-party or family coverage. The pool shall be funded annually with a “base amount”, which for the payout due in December of the 2011-2012 school year will be $63,426. In future years, the “base amount” shall be increased by the same percentage as the increase to the medical health and welfare cap, if any. When an increase to the health benefit contribution occurs, the base amount of the benefit pool will be increased by the equivalent percentage of the increase to the health benefit cap. The new base amount will be divided among the eligible members’ FTE. In order to be eligible for the benefit pool, the member must have been employed and paying out of pocket for a two-party or family health benefit plan for the entire school year. Eligible members will receive their portion of the benefit pool payout in their last pay warrant of the school year.
Sample 1
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Health Insurance Pool. The Board of Education will establish a health insurance pool for the purpose of discounting health insurance premiums. The health insurance pool will be calculated based upon the sum of number of participants from the prior year and the discount amount for the coming school year noted in the contract. The maximum amount of funds available in the health insurance pool shall not exceed of the sum of the established discount amount for the year and the count established for that year in the chart below. The maximum health insurance pool by year for the term of the contract has been calculated in the Table below. Year Discount Amount Pool based on count of Maximum Pool Amount 2012-2013 $700 35 $24,500 2013-2014 $750 40 $30,000 2014-2015 $800 45 $36,000 2015-2016 $855 50 $42,750 2016-2017 $915 50 $45,750 2017-2018 $980 50 $49,000 The health insurance pool money for each year will be used to discount the insurance premiums based upon the variance of the premiums increase by category (HMO and PPO300/500).
Sample 1
Health Insurance Pool. The District shall maintain a Health Insurance pool intended to be used to offset the out-of-pocket costs incurred by eligible members who utilize two-party or family coverage. The pool shall be funded annually with a “base amount”, which for the payout due in December of the 2011-2012 school year will be $63,426. In future years, the “base amount” shall be increased by the same percentage as the increase to the medical health and welfare cap, if any. The “base amount” shall be divided by the total “CETA FTE”, to arrive at an “amount per FTE”. The “total CETA FTE shall be the average of the total FTE in the bargaining unit on October 15 and April 15 of the year preceding the payout. In December of each year, the “amount per FTE” shall be distributed to each CETA member who: (1) is still employed as of December 31; and (2) utilized two-party or family insurance coverage in the entire prior school year.
Sample 1

Related to Health Insurance Pool

  • Health Insurance The Couple agrees that: (check one) ☐ - Each Spouse is responsible for THEIR OWN health insurance. ☐ - Health insurance IS PROVIDED by ☐ Husband ☐ Wife (“Health Insurance Paying Spouse”) to ☐ Husband ☐ Wife (“Health Insurance Receiving Spouse”). Health insurance shall include: (check all that apply) ☐ - Medical ☐ - Dental ☐ - Vision Care ☐ - Other. . To facilitate the use of such coverage for the Health Insurance Receiving Spouse, the Health Insurance Paying Spouse shall cooperate fully and in a timely manner, including, but not limited to, obtaining and providing all necessary insurance cards and claim forms, completing and submitting all necessary documents, and delivering all insurance payments.

  • Health Insurance Plan (Excluding Summer Students Regardless of Wage Schedule Paid From) These employees shall be considered as a group in order that they may apply to participate in the Supplementary Plan and the Extended Health Benefit Plan at group rates. One hundred percent (l00%) of all premiums will be paid by the employees. The Company will pay one hundred percent (l00%) of the Ontario Health Insurance Plan premium for temporary employees who have four months' accumulated service.

  • 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 18 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) 18 months after the date of Executive’s separation from service.

  • 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.

  • Group Health Insurance Immediately following retirement, the teacher shall have the option of remaining in the Corporation’s current group health insurance plan if all of the following conditions are met as of the date of retirement and thereafter:

  • Retirement Health Insurance Subd. 1. Benefit Eligibility for Employees who Retire Before Age 65

  • 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. 6)

  • Ontario Health Insurance Plan The parties recognize that the method of funding OHIP has been changed from an individually paid premium to a system funded by an employer paid payroll tax. If the government, at any time in the future, reverts to an individually paid premium for health insurance, the parties agree that the Colleges will resume paying 100% of the billed premium for employees.

  • 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 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.

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