Common use of Health Insurance Waiver Clause in Contracts

Health Insurance Waiver. Any active employee who is eligible, but chooses not to participate in City-provided health care coverage, who can alternatively show proof of insurance from another source, and who signs a waiver with the City, shall receive a payment in lieu of coverage equal to one hundred fifty dollars ($150.00) per month, paid monthly, for each and every month such coverage is waived. An employee who waives his right to health insurance coverage shall have the opportunity to resume coverage during the calendar year if the employee has a qualifying status change event or at the next “open enrollment” period under any circumstances. In such case, the monthly payment in lieu of coverage will cease and the City’s health care coverage will be re-instated effective the first of the month following written notice to the City of the employees desire to re-enroll.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs

Health Insurance Waiver. Any Full-time, active employee employees or retirees who is eligible, but chooses not to participate in are eligible for City-provided health care coverage, who can alternatively show proof coverage and choose to not participate and waive such coverage because they are covered by an alternative insurance plan by an employer other than the City of insurance from another source, and who signs a waiver with the Bay City, shall receive a payment (in lieu of coverage equal to health care coverage) of one hundred fifty dollars ($150.00$ 150) per month, paid monthly, for each and every month such coverage is waived. An employee who waives his right to health insurance coverage shall have the opportunity to resume coverage during the calendar year if the employee has as a qualifying status change event per IRS Regulations or at the next “open enrollment” period under any circumstances. In such case, the monthly payment in lieu of coverage will cease and the City’s health care coverage will be re-instated reinstated effective on the first date of the month following written notice to qualifying event. Upon reinstatement of health insurance, the City of the employees desire to reemployee will pay any bi-enrollweekly premiums associated with such coverage.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Health Insurance Waiver. Any active employee or future retiree who is eligible, but chooses not to participate in City-City- provided health care coverage, who can alternatively show proof of insurance from another source, and who signs a waiver with the City, shall receive a payment in lieu of coverage equal to one hundred fifty dollars ($150.00) 150 per month, paid monthly, for each and every month such coverage is waived. An employee who waives his right to health insurance coverage shall may have the opportunity to resume coverage during the calendar year if the employee has a qualifying status change event event, or at the next “open enrollment” period under any circumstances. In such case, the monthly payment in lieu of coverage will cease and the City’s health care coverage will be re-instated effective the first of the month following written notice to the City of the employees desire to re-enroll.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Health Insurance Waiver. Any active employee or future retiree who is eligible, but chooses not to participate in City-provided health care coverage, who can alternatively show proof of insurance from another source, and who signs a waiver with the City, shall receive a payment in lieu of coverage equal to one hundred fifty dollars ($150.00) 150 per month, paid monthly, for each and every month such coverage is waived. An employee (but not a retiree) who waives his right to health insurance coverage shall may have the opportunity to resume coverage during the calendar year if the employee has a qualifying status change event event, or at the next “open enrollment” period under any circumstances. In such case, the monthly payment in lieu of coverage will cease and the City’s health care coverage will be re-instated effective the first of the month following written notice to the City of the employees desire to re-enroll.

Appears in 1 contract

Samples: Collective Bargaining Agreement

AutoNDA by SimpleDocs

Health Insurance Waiver. Any Full-time, active employee employees or future retirees who is eligible, but chooses not to participate in are eligible for City-provided health care coverage and chooses to not participate and waive such coverage, who can alternatively show proof of insurance from another source, and who signs a waiver with the City, shall receive a payment (in lieu of coverage equal to health care coverage) of one hundred fifty dollars ($150.00150) per month, paid monthly, for each and every month such coverage is waived. An employee or retiree who waives his right to health insurance coverage shall have the opportunity to resume coverage during the calendar year if the employee has employee/retiree experience a qualifying status change event or at the next "open enrollment" period under any circumstances. In such case, the monthly payment in lieu of coverage will cease and the City’s 's health care coverage will be re-instated reinstated effective the first of the month following written notice to the City of the employees desire to re-enroll. Active employees must show proof of alternative insurance cover from another source and sign a waiver with the City.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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