Insurance: Group Major Medical, Dental and Term Life Sample Clauses

Insurance: Group Major Medical, Dental and Term Life. All full-time certified employees shall be offered coverage under a comprehensive group medical plan (currently PPO 500, PPO 750, PPO 1000, High Deductible 2500, or HMO). The Board may offer additional insurance group plans as recommended by the insurance committee. BOARD CONTRIBUTION- For individual coverage, the Board shall annually contribute an amount not to exceed the previous year's contribution of PPO 500 plus any increase in premiums up to the first three percent (3%) as well as any premium increase greater than six percent (6%). TEACHER CONTRIBUTION- Teachers shall be responsible for any premium increase greater than three percent (3%) and up through six percent (6%) of the board's previous year's contribution, not to exceed eight percent (8%) of the total cost for the individual coverage premium. For family plans, The Board shall contribute 30% of the Total Premium Cost for PPO 500. For all other family plans, the Board shall contribute 40% of the Total Premium Cost. The Board shall contribute for an employee, who chooses the High Deductible $2500 Plan one thousand five hundred dollars ($1,500) in a Health Savings Account (HSA) in the name of the employee who elects the High Deductible $2500 Plan. The administration of the HSA will comply with Internal Revenue Service (IRS) guidelines. If an employee discontinues the High Deductible Plan prior to the anniversary day of the plan or enters the plan after the anniversary date as a result of a qualifying life event (i.e., birth of a child, loss of a spouse), the amount placed in the HSA will be adjusted on a prorated basis from the anniversary date until the date of the break of continuity with the High Deductible Plan. The Board agrees to provide the full individual premium for dental insurance in addition to its medical premiums. The Board shall provide each teacher with fifty thousand dollars ($50,000) group term life insurance coverage. The Board shall reimburse each teacher up to five hundred fifty dollars ($550) per individual or family, after a two-hundred-dollar ($200) deductible has been paid by the teacher (applicable to stop loss and including eye care costs). Changes in insurance coverage and the insurance carrier shall be by mutual agreement of the parties. Part-time teachers shall receive Board contribution toward employee coverage, as outlined above, on a prorated basis.
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Related to Insurance: Group Major Medical, Dental and Term Life

  • Group Term Life Insurance The School District will pay the full premium for each $1,000 of coverage for group term life insurance. The amount of life insurance provided will be $20,000, subject to the conditions of the carrier.

  • Medical, Dental and Vision Insurance a. Effective July 1, 2002, medical benefits shall be offered through CalPERS Health Plans.

  • Supplemental Life Insurance In addition to the life insurance benefits provided by this agreement, employees may subscribe voluntarily and at their own expense for supplemental life insurance. Employees may subscribe for an amount not to exceed five hundred thousand dollars ($500,000), of which one hundred thousand ($100,000) is a guaranteed issue, provided the election is made within the required enrollment periods.

  • Optional Group Life Insurance Subject to the provisions of the Plan, eligible employees shall be entitled to purchase optional Group Life Insurance coverage in units of ten thousand dollars ($10,000) up to a maximum of two hundred and fifty thousand dollars ($250,000). The employee shall pay one hundred percent (100%) of the premiums for the optional coverage.

  • Group Life Insurance The Hospital shall contribute one hundred percent (100%) toward the monthly premium of HOOGLIP or other equivalent group life insurance plan in effect for eligible full-time employees in the active employ of the Hospital on the eligibility conditions set out in the existing Agreements.

  • Hospitals of Ontario Voluntary Life Insurance Plan The Hospital also agrees to make the Hospitals of Ontario Voluntary Life Insurance Plan (HOOVLIP) available to the nurses subject to the provisions of HOOVLIP at no cost to the Hospital.

  • Term Life Insurance The Employer will maintain and make available to full-time and part-time employees, the current term life insurance plan as set forth in the document "Summary of Health Benefits, Maryland State Employees."

  • Group Life Insurance Plan Section 1 - Eligibility Regular full-time and regular part-time employees who are on staff January 1, 1979 or who join the staff following this date shall, upon completion of the three-month probationary period, become members of the Group Life Insurance Plan as a condition of employment.

  • The Nursing Homes and Related Industries Pension Plan In this Article, the terms used shall have the meanings as described:

  • Long Term Care Insurance The University offers full-time faculty the opportunity to purchase Long-Term Care Insurance through a voluntary Long-Term Care Insurance policy. Faculty members are responsible for 100% of the premium, which may be remitted through payroll deduction.

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