Common use of INCENTIVE NOT TO TAKE INSURANCE Clause in Contracts

INCENTIVE NOT TO TAKE INSURANCE. a. A full-time bargaining unit member who is eligible for family coverage through his spouse’s plan (and the spouse does not work for Xxxx City Schools), and who elects not to enroll in the Xxxx City Schools plan, will be eligible for an annual lump sum payment in an amount equal to $5,725 subject to proof of coverage elsewhere. b. A full-time bargaining unit member who is eligible for employee+spouse coverage through his spouse’s plan (and the spouse does not work for Xxxx City Schools), and who elects not to enroll in the Xxxx City Schools plan, will be eligible for an annual lump sum payment in an amount equal $4,008 subject to proof of coverage elsewhere. c. A full-time bargaining unit member who is eligible for employee+spouse coverage (and the spouse does not work for Xxxx City Schools), and who elects single coverage will be eligible for an annual lump sum payment in an amount equal to $2,100 subject to proof of coverage elsewhere. d. A full-time bargaining unit member who is eligible for family coverage (and the spouse does not work for Xxxx City Schools), and who elects single coverage will be eligible for an annual lump sum payment in an amount equal to $3,817 subject to proof of coverage elsewhere. e. The health care incentive not to take insurance shall be made annually in the last pay in June following the conclusion of the contract year, provided the open enrollment form has been completed. If coverage is dropped for less than twelve (12) months the health care opt-out incentive will be paid in a lump sum in June determined by the number of whole months during the contract year for which coverage was dropped. Those who have not enrolled may enroll in insurance coverage during that plan year based upon verification of loss of other health insurance coverage due to changes in family status (such as death or unemployment of the person previous carrying health insurance or divorce) and other circumstances in accordance with the usual plan terms. A bargaining unit member enrolling outside of the open enrollment period shall receive a pro-rated amount for the incentive payment that year.

INCENTIVE NOT TO TAKE INSURANCE. a. A full-time bargaining unit member who is eligible for family coverage through his spouse’s plan (and the spouse does not work for Xxxx City Schools), and who elects not to enroll in the Xxxx City Schools plan, will be eligible for an annual lump sum payment in an amount equal to $5,725 thirty percent (30%) of the Board’s COBRA family rate subject to proof of coverage elsewhereelse- where. b. A full-time bargaining unit member who is eligible for employee+spouse coverage through his spouse’s plan (and the spouse does not work for Xxxx City Schools), and who elects not to enroll in the Xxxx City Schools plan, will be eligible for an annual lump sum payment in an amount equal $4,008 to thirty percent (30%) of the Board’s COBRA employee + spouse rate subject to proof of coverage elsewhere. c. A full-time bargaining unit member who is eligible for employee+spouse coverage (and the spouse does not work for Xxxx City Schools), and who elects single coverage will be eligible for an annual lump sum payment in an amount equal to $2,100 subject thirty percent (30%) of the difference be- tween the Board’s COBRA employee+spouse rate and the Board’s COBRA single rate sub- ject to proof of coverage elsewhere. d. A full-time bargaining unit member who is eligible for family coverage (and the spouse does not work for Xxxx City Schools), and who elects single coverage will be eligible for an annual lump sum payment in an amount equal to $3,817 thirty percent (30%) of the difference between the Board’s COBRA family rate and the Board’s COBRA single rate subject to proof of coverage elsewhere. e. The health care incentive not to take insurance shall be made annually in the last pay in June following the conclusion of the contract year, provided the open enrollment form has been completed. If coverage is dropped for less than twelve (12) months the health care opt-out incentive will be paid in a lump sum in June determined by the number of whole months during dur- ing the contract year for which coverage was dropped. Those who have not enrolled may enroll en- roll in insurance coverage during that plan year based upon verification of loss of other health insurance coverage due to changes in family status (such as death or unemployment of the person previous carrying health insurance or divorce) and other circumstances in accordance with the usual plan terms. A bargaining unit member enrolling outside of the open enrollment enroll- ment period shall receive a pro-rated amount for the incentive payment that year.