Common use of High Deductible Health Plan Clause in Contracts

High Deductible Health Plan. i. The Board will pay 100% of the monthly premium for bargaining unit members selecting the High Deductible Health Plan, provided the total High Deductible Health Plan premium increase in a plan year does not exceed 9%. The Board will also match up to $1,500 annually for a family plan and up to $900 annually for a single plan prorated monthly to be deposited directly into the bargaining unit member’s Health Savings Account. ii. In the first year that a bargaining unit member is on the High Deductible Health Plan, the Board will deposit a $500 advance into the bargaining unit member’s Health Savings Account, provided that the bargaining unit member will contribute at least $500 in to the account throughout the year. This advance will be deposited during the first pay in January. The advance will be deducted from the Board’s total matching contribution to the bargaining unit member for the year. Any bargaining unit member whose employment ends will be responsible for reimbursing the Board for this advance at a pro-rata rate. iii. Starting January 2024, if the total High Deductible Health Plan premium increase exceeds 9% in a plan year, the Board will only be responsible for paying 95% of High Deductible Health Plan premiums for that year, with the bargaining unit member paying the other 5%. In subsequent years, if the premium increase for the High Deductible Health Plan does not exceed 9%, the Board will resume paying 100% of the monthly premium for the High Deductible Health Plan.

High Deductible Health Plan. i. a. The Board will pay 100% of the monthly premium for bargaining unit members selecting the High Deductible Health Plan, provided the total High Deductible Health Plan premium increase in a plan year does not exceed 98%. The Board will also match up to $1,500 annually for a family plan and up to $900 annually for a single plan prorated monthly to be deposited directly into the bargaining unit member’s Health Savings Account. ii. b. In the first year that a bargaining unit member is on the High Deductible Health Plan, the Board will deposit a $500 advance into the bargaining unit member’s Health Savings Account, provided that the bargaining unit member will contribute at least $500 in to the account throughout the year. This advance will be deposited during the first pay in January. The advance will be deducted from the Board’s total matching contribution to the bargaining unit member for the year. Any bargaining unit member whose employment ends will be responsible for reimbursing the Board for this advance at a pro-rata rate. iii. c. Starting January 20242021, if the total High Deductible Health Plan premium increase exceeds 98% in a plan year, the Board will only be responsible for paying 95% of High Deductible Health Plan premiums for that year, with the bargaining unit member paying the other 5%. In subsequent years, if the premium increase for the High Deductible Health Plan does not exceed 98%, the Board will resume paying 100% of the monthly premium for the High Deductible Health Plan.