Common use of Insurance in Lieu of; Opting Out Clause in Contracts

Insurance in Lieu of; Opting Out. Employees may choose to opt out of insurance coverage at the maximum rate permitted by the Trumbull County School Insurance Consortium. Employees who choose to opt out shall be paid twice per school year, in the second pay in January and the second pay in July. Employees may elect that payment to be made through an IRS approved 125 plan. The election to opt out must be selected during the annual enrollment period only. Should the Consortium eliminate the ability to opt out, employees shall no longer be permitted to opt out.

Insurance in Lieu of; Opting Out. Employees may choose to opt out of insurance coverage at the maximum rate permitted by the Trumbull County School Schools Insurance Consortium. Employees who choose to opt out shall be paid twice per school year, in the second pay in January and the second pay in JulyJune. Employees may elect that payment to be made through an and IRS approved 125 plan. The election to opt out must be selected during the annual enrollment period only. Should the Consortium eliminate the ability to opt out, employees shall no longer be permitted to opt out.

Insurance in Lieu of; Opting Out. Employees may choose to opt out of insurance coverage at the maximum rate permitted by the Trumbull County School Schools Insurance Consortium. Employees who choose to opt out shall be paid twice per school year, in the second first pay in January and the second first pay in July. Employees may elect that payment to be made through an IRS approved 125 plan. The election to opt out must be selected during the annual enrollment period only. Should the Consortium eliminate the ability to opt out, employees shall no longer be permitted to opt out.