Health Plans and Flexible Benefits Plan Medical Insurance Sample Clauses

Health Plans and Flexible Benefits Plan Medical Insurance. Effective January 1, 2014, the City contracted with the Public Employees’ Retirement System for medical insurance through the Public Employees Medical and Hospital Care Act (“PEMHCA”). For employees enrolled in a CalPERS plan, the City shall pay the required statutory minimum on behalf of each employee. (For 2017, the statutory minimum is $128 per month and effective for the 2018 Plan Year, it increases to $133 per month.) The minimum contribution will apply only toward the medical insurance premium for a CalPERS Health plan. If an employee chooses not to enroll in a CalPERS Health plan, the minimum contribution cannot be used for any other purpose. If CalPERS changes any of the medical insurance plans by either adding to or deleting the plan options described above, employees will be limited to those plan options offered by CalPERS. Dental and Vision Insurances The City shall contribute up to $132.58 per month for dental insurance, and $21.00 per month for vision insurance. Employees shall pay amounts exceeding the City’s contributions. Simi Flex Dollars In addition to the City’s payment of a portion of employees’ medical, dental, and vision insurance premiums as described above, eligible regular employees are provided with a flexible benefit plan package (Simi Flex dollars), which could be used by the employee to offset the cost of medical, dental, or vision insurance, or other optional benefits. The Simi Flex amount varies depending upon the medical plan and coverage level selected. The maximum Simi Flex amounts are as follows: 2017 Plan Year Maximum Monthly Simi Flex Amounts Employee Only Employee Plus One Family With Medical Insurance* $679.00 $1,350.40 $1,688.60 Without Medical Insurance (Opt Out) $100.00 $100.00 $100.00 2018 Plan Year Maximum Monthly Simi Flex Amounts Employee Only Employee Plus One Family With Medical Insurance* $651.72 $1,436.44 $1,847.87 Without Medical Insurance (Opt Out) $100.00 $100.00 $100.00 * After deducting the employee’s medical insurance out-of-pocket costs (premium less PEMHCA minimum employer contribution), the remaining Simi Flex cash balance shall not exceed $100. Effective as soon as the City is able to make the necessary system changes, only the remaining Simi Flex cash balance (not to exceed $100 per month) or Opt Out amount ($100 per month) will appear on the employee paystub under income. The remaining amount of Simi Flex will be reflected on the employee paystub under “Employer Contributions”. Effective for the...
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Related to Health Plans and Flexible Benefits Plan Medical Insurance

  • Retiree Medical Insurance Retiree insurance coverage is included within each medical plan for all retirees under the age of 65 years, through self-payment. The Employer shall make available an appropriate medical plan for all eligible retirees ages 65 years or older.

  • Basic Medical Insurance All regular Employees may choose to be covered by the medical plan for which the British Columbia Medical Plan is the licensed carrier. Benefits and premiums shall be in accordance with the existing policy of the plan. The Employer will pay one hundred percent (100%) of the regular premium.

  • GROUP INSURANCE PLANS 15.01 The Company agrees to provide all full time employees with one (1) or more years of continuous service, a *Short Term Disability Benefit (S.T.D.) as generally described in Section B of a notice to all employees of the amended Benefit Plan dated May 1, 1993. *Payment for Short Term Disability shall begin on the third (3rd) consecutive day of absence. For those employees who have completed ninety (90) days of perfect attendance from the last date of return to work from an absence due to sickness or accident, shall be paid S.T.D. from the first (1st) day for the first covered absence following the ninety (90) days of perfect attendance.

  • Insurance Plans The Executive is eligible to participate in the life, health, dental, short and long-term disability plans made available to the employees of the Company pursuant to the terms and conditions of such plans.

  • Medical Insurance Upon termination of employment, the Executive shall be entitled to all COBRA continuation benefits available under the Company's group health plans to similarly situated employees. To the extent permitted under Code Section 409A, during the applicable Payout Period, the Company shall provide such COBRA continuation benefits to the Executive at the active employee rates similarly situated employees must pay for such benefits. Upon the expiration of such Payout Period, the Executive will be responsible for paying the full COBRA premiums for the remaining COBRA continuation period.

  • FLEXIBLE BENEFITS PROGRAM 24-1 All employees covered by this agreement are eligible to participate in CMU Choices, the University's Flexible Benefit Program.

  • Hospital and Medical Insurance The University shall make available health insurance to the employees covered by this agreement to the same extent and in the same manner as is available to other University employees, such as Faculty and the Executive, Administrative and Professional Staff employees. It is the University's goal to have the same health insurance plans offered uniformly to all University groups and employees.

  • Group Insurance Plan The carriers, coverage, and terms and conditions of participation under the District’s Group Insurance Plan are subject to change in accordance with the applicable provisions of Title I, Division 4, Chapter 10 of the California Government Code (Section 3500 et seq.) (Xxxxxx‐Milias‐Brown Act).

  • Flexible Benefits Plan A flexible benefits plan, which is in accordance with Section 125 of the Internal Revenue Code, was implemented for eligible employees covered by this Agreement on October 1, 1990.

  • Insurance Plan 19.01 The Employer agrees to contribute the indicated percentage of the premium cost of the following group plans for full-time employees (and their families where applicable) who have completed their probationary period.

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