Health Insurance Premium Contribution Sample Clauses

Health Insurance Premium Contribution. The District will make available and continue to contribute eighty percent [80%] of the cost of a Health Insurance plan [such as Simply Blue Plus Platinum 2] at the applicable level [single, two-person, parent/children, or family], with the employee paying the remaining twenty percent [20%].
AutoNDA by SimpleDocs
Health Insurance Premium Contribution as related to retirement calculation – The City’s contribution toward employee health insurance will be added to the employee’s gross pay for purposes of computing retirement compensation. As part of this collective bargaining agreement, employees are required to authorize a payroll deduction from the employee’s gross pay equal to the City’s contribution toward employee’s health insurance. This deduction from the employee’s gross pay will be paid to provide health insurance benefits for employees. The purpose of including the City’s contribution toward employee’s health insurance in the employee’s gross pay is solely for the purpose of augmenting the employee’s eventual retirement benefit. The purpose of including the City’s health insurance contribution is in the employee’s gross pay is not to result in additional net income to the employee. It is hereby acknowledged that both employee and employer retirement contributions will be required on this additional gross income – causing a decrease to the net income of the employee. The City’s additional expenses due to rolling health insurance into the base pay for purposes of retirement computation shall be recognized as part of the base for wage parity comparison purposes with other jurisdictions. It is also acknowledged that the inclusion of the City’s health insurance contribution in the employee’s gross pay does not by its nature affect overtime compensation, future pay increases, or other similar benefits. In the event that any subsequent law, court, arbitrator, or other lawful authority determines that the inclusion of the City’s health insurance contribution in the employee’s gross pay affects overtime compensation then the parties agree that there will be a corresponding adjustment to the affected hourly rate, pay, or benefit, to carry out this provision. The intent of such adjustment will be to result in the least net financial effect on both the employee and the employer.
Health Insurance Premium Contribution. Should the existing health insurance carrier cancel the coverage of the Village of Slinger or otherwise refuse to renew coverage under the health care plan during the term of the existing and successor collective bargaining agreement, the parties agree to meet and confer with respect to options available through which to replace the coverage. The Village shall provide Health Insurance under the Wisconsin Public Employer’s Group Health Insurance Program administered by the State of Wisconsin Department of Employee Trust Funds. The Village shall pay ninety-two and one-half percent (92.5%) of the lowest cost qualified plan and the employees will pay the balance of the premium seven and on-half percent (7.5%) through payroll deduction. The Village will maintain an IRS, Section 125 Conversion Plan. If an employee is insured by a provider outside of Washington County at a rate less than the lowest cost qualified plan in Washington County, The Village shall pay fifty (50%) of the premium difference to the employee in December of each year. During the term of this agreement, the Village of Slinger may elect to participate in the deductible HMO Standard Plan offered by the State and which provides a $1,000 family/$500 individual deductible. Said plan will become the available insurance plan. If the deductible plan is implemented, the Village will contribute at the beginning of the calendar year, $800 for employees with family coverage and $400 for those with single coverage to a Section 125 Flexible Spending Account (FSA). Said contribution may be used to pay all qualified medical expenses. All contributions which are not used for the purposes set forth above during the calendar year in which they are incurred shall revert to the Village. Employees will have until March 15th of the following year to file claims for the preceding year’s qualified expenses. Employees without health insurance must self fund all FSA contribution and costs.

Related to Health Insurance Premium Contribution

  • 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)

  • 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.

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

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • 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.

  • Premium Contributions i. Effective March 1, 2014, the Company and employees will contribute toward the premium costs of the NECA Health Plan for eligible Regular employees in accordance with this Section.

  • Group Insurance Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be paid or unpaid leave of absence contact the school district Employee Benefits Department.

  • 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.

  • 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

  • Same Sex Benefit Coverage An employee who co-habits with a person of the same sex, and who promotes such person as a "spouse" (partner), and who has done so for a period of not less than twelve (12) months, will be eligible to have the person covered as a spouse for purposes of Medical, Extended Health, and Dental benefits.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!