Common use of Insurance and Employee Benefits Clause in Contracts

Insurance and Employee Benefits. The Board shall pay on behalf of each teacher who desires to participate, the following sums toward the payment of medical and hospitalization insurance or income protection insurance, or life, dental or vision insurance, as group policies in an insurance company or companies. A. Medical/Hospital Insurance Plans 1. Traditional PPO Medical – Hospital – Insurance AVAILABLE TO EMPLOYEES HIRED PRIOR TO 1/1/2020 Family Plan - $16,488 annually Single Plan - $6,744 annually 2. High Deductible Health Plan (HDHP) Medical – Hospital – Insurance Family Plan - $12,984 annually Employee +1 Plan - $11,328 annually Single Plan - $4,632 annually In addition, the Board will pay on behalf of each teacher who desires to participate in the HDHP, the following sums into a Health Savings Account: Family Plan - $2,500 annually Employee +1 Plan - $2,700 annually* Single Plan - $1,450 annually * Beginning on January 1, 2019, new employees on the High Deductible Health Plan for Employee+1 will receive a $2,000 HSA contribution from CGCSC.