Hospital-Medical Insurance for Retirees Sample Clauses

Hospital-Medical Insurance for Retirees. Persons hired on or before December 31, 2006 will be eligible for Employer monthly contributions towards Medicare complementary coverage. A retiree who has attained age sixty-five (65) and has at least fifteen (15) years of full-time active service shall be provided with hospital-medical insurance to supplement Medicare Parts A and B if the retiree had continuously remained in an Employer group health plan after retirement. If the retiree is in an HMO plan, Medicare complementary coverage shall be through that plan. Available Medicare Complementary plans and the provisions of those plans in future years are subject to change by the Employer. For persons retired by March 1, 1995, the Employer will continue to pay the full cost of the monthly premium for the available Medicare complementary plan selected for participation. For all other persons who retire, the Employer’s monthly contribution, for single party coverage, towards Medicare complementary shall be: $329.82 plus an additional 4% in future years for persons who retired on or after March 1, 1995 but on or before December 31, 2006; $343.02 plus an additional 4% in future years for persons who retire on or after January 1, 2007 but on or before December 31, 2007; $343.02 with no additional percentage increase in future years for persons who retire on or after January 1, 2008. Additionally, the retiree’s spouse is eligible for continued coverage (supplemental to Medicare if the spouse is age sixty-five (65) or older or continued coverage under an Employer group medical plan for those not eligible for Medicare). The Employer’s monthly contribution for the premiums for spousal coverage shall be as follows: (a) if the plan is Medicare complementary coverage, the Employer contribution shall be the same as for the retiree described above; (b) if the coverage is for a spouse under age sixty-five (65), the Employer contribution shall be limited to the amount contributed by the Employer for single coverage in that same group health plan for active employees. Any premium costs for hospital-medical coverage beyond the Employer contribution as described above shall be the responsibility of the retiree or the retiree’s surviving spouse who shall be required to make arrangements with the Oakland University Benefit and Compensation Services Office to pay for such monthly premium costs. Continued premium contributions from the Employer are subject to timely monthly payments from the retiree or surviving spouse of amou...
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Hospital-Medical Insurance for Retirees. Eligibility for coverage at age 65 at the University expense as outlined below or for coverage between age 55 and 65 supported by the Early Retirement fund depends upon continued participation in the group hospital medical plan following termination from active service. An individual who satisfies the retirement eligibility status set forth in Paragraph 129 and has not yet attained age sixty-five (65) may continue to participate in a University group health plan after retirement but shall be liable for the monthly premium except as described below regarding an early retiree medical fund. A retiree who has attained age sixty-five (65) and has at least fifteen (15) years of full-time active service is eligible for hospital-medical insurance to supplement Medicare Parts A and B if the retiree had continuously remained in a University group health plan after retirement. For Sergeants who retire on or before 12/31/06 the University’s monthly premium contribution toward Medicare complementary shall be $329.82 for single party coverage plus 4% in future years. For Sergeants who retire between 01/01/2007 and 12/31/2007 the University’s monthly premium contribution shall be $343.02 for single party coverage plus 4% in future years. For Sergeants who retire on or after 01/01/08 the University’s monthly premium contribution toward Medicare complementary shall be $343.02 for single party coverage and 0% increase in future years. (a) if the plan is Medicare complementary coverage, the university contribution shall be the same as for the retiree; (b) if the coverage is for a spouse under age sixty-five (65), the University contribution shall be limited to the amount contributed by the University for single coverage in that same group health plan for active employees. For Sergeants who retire on or before 12/31/06 the University’s monthly premium contribution toward Medicare complementary shall be $659.62 for two party coverage plus 4% in future years. For Sergeants who retiree between 01/01/2007 and 12/31/2007 the University’s monthly premium contribution shall be $686.00 for two party coverage plus 4% in future years. For Sergeants who retire on or after 01/01/08 the University’s monthly premium contribution toward Medicare complementary shall be $686.00 for two party coverage and 0% increase in future years. Any premium costs for hospital-medical coverage beyond the University contribution or the Medicare Complementary Premium Fund as described below shall be the resp...
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Hospital-Medical Insurance for Retirees. 1. Retirees will be given the option to continue hospital/medical insurance through the City’s health insurance carrier on a self-pay basis, as long as the carrier makes that option available. 2. Retirees must enroll in the insurance program on or before the date of retirement in order to participate on a self-pay basis. Retirees who terminate coverage under the City health insurance plan and who continue to be enrolled in other health insurance coverage after termination of the City plan, will be allowed to re-enter the City’s health insurance plan assuming that the City’s health insurance plan in effect at the time the retired employee seeks to re- enter allows them to re-enter.
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Related to Hospital-Medical Insurance for Retirees

  • 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.

  • Medical Insurance The Company shall provide to Executive, Executive's spouse and children, at its sole cost, such health, dental and optical insurance as the Company may from time to time make available to its other executive employees.

  • Key Person Life Insurance The Company will maintain key person life insurance in an amount not less than $1,200,000 on the life of E. Xxxxxxx Xxxxx and pay the annual premiums therefor naming the Company as the sole beneficiary thereof for at least three years following the Effective Date.

  • Insurance Programs 35.1 Fringe Benefits a. The Board agrees to provide the: Individual core plan premium on behalf of each regular full time employee Part-time regular employees may receive pro-rated insurance benefits if eligible by the carrier. b. When an employee and legally recognized spouse are both employed by the district and are eligible for the school district group plan, the district shall, at the employees' option, combine the district's insurance contribution toward the family plan.

  • Health Plans A. The health plans offered and benefits provided by those plans shall be those recommended by the JLMBC, approved by the City Council, and administered by the Personnel Department in accordance with LAAC Section 4.

  • 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‐Xxxxx Act). a. The District contracts with CalPERS for health plan coverage for all regular and newly hired employees (eligibility to be defined by the “CalPERS health plan”). Booklets on the insurance plans will be available to all participants. b. Employees may choose from the available plans offered by CalPERS. Additional premiums will be borne by the employee through payroll deductions and paid to CalPERS by the District each month; and the additional cost for monthly premiums will be deducted evenly from the first and second payroll period of each month. To the extent allowed by law, the District will attempt to deduct the employee’s premium contribution from pre‐tax dollars.

  • 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.

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions. B. Faculty members will be eligible to purchase the following supplemental coverage: 1. additional amounts of group term life insurance at a level of between one and three (3) times the Faculty member’s annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 2. group term life insurance for spouses and domestic partners at a level of between one (1) and three (3) times annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 3. group term life insurance for eligible dependent children at a level of $10,000.

  • 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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