Insurance Opt-Out. As part of the annual open enrollment process, employees who opt out of the district’s family medical insurance plan shall be paid a total of $4,000, paid in two separate payments of $2,000. Employees who opt out of the district’s single medical insurance plan shall be paid a total of $2,000, paid in two separate payments of $1,000. These payments will be made the first pay in December and the first pay in June. Employees who enroll in the plan during the plan year after opting out due to loss of coverage elsewhere shall receive a pro-rated payment.
Insurance Opt-Out. Effective July 1, 2002, an employee who “opts-out” of the City provided health insurance plan shall receive one hundred dollars ($100.00) per month. Such employee must provide proof of insurance coverage from an insurance plan not funded by the City of Xxxxxx.
Insurance Opt-Out. The fees that the Member pays for services provided by Wellscape Direct MD are not intended to be advance payments for any form of benefit or otherwise constitute any form of insurance. The Member acknowledges that Wellscape Direct MD has explained that its doctor(s) and any staff members have opted out of participating in and are not contracted with any type of insurance, such as a third party payer, health plan, or government program, including the Medicare Program. Members who are Medicare beneficiaries will complete Schedule C, attached. The Member understands that Wellscape Direct MD will not xxxx or otherwise seek payment in any form from any insurer or third party payer to which the Member may be entitled to benefits or coverage for the Services. Although Wellscape Direct MD and its doctor(s) have chosen to opt out of participating with any insurer, the Member is not prohibited from seeking payment for the services from such payers (with the exception of Medicare); however, the Member will be solely responsible for seeking reimbursement from such payers directly. Any Member who is not currently enrolled in Medicare, but who later becomes enrolled in Medicare during his/her tenure as a patient of Wellscape Direct MD, must immediately notify the staff of Wellscape Direct MD in order to complete the required contract (attached as Schedule C).
Insurance Opt-Out. If an Employee has minimal essential medical coverage for themselves and all other individuals for whom the employee can reasonably expect to claim a personal tax exemption deduction , the Employee may elect not to enroll in core (medical, dental and vision) benefit coverage and is eligible to receive a monthly Employer payment of two- hundred dollars ($200). An Employee may elect to opt out of medical only coverage and will receive a monthly Employer payment of one-hundred dollars ($100). An employee receiving a monthly opt-out cash payment, may receive it as cash added to their wages, or may designate it to a pretax option such as a Flexible Spending Account (FSA), in accordance with I.R.C. 125(i), for medical reimbursement, dependent care reimbursement, or deferred compensation, in accordance with I.R.C. 457(f). Eligible Employees electing to opt out must:
Insurance Opt-Out. Teachers who are eligible for the family plan, who elect not to be covered by the School’s Medical Insurance, and who participate in the insurance opt-out under Part III, Section A 4 shall receive a bonus as follows: Teachers enrolled in the opt-out during the 2003-04 school year and who in consecutive years continue to opt out receive an annual opt-out bonus of four thousand four dollars and thirty-five cents ($4,004.35). Teachers enrolled in the opt-out during the 2007-08 school year and who in consecutive years continue to opt out receive an annual opt-out bonus of three thousand dollars ($3,000). Teachers enrolled in the opt-out during the 2008-09 school year and thereafter will receive an annual opt-out bonus of one thousand five hundred dollars ($1,500). Teachers who are eligible for the single plan who elect not to be covered by the School’s Medical Insurance shall receive an annual opt-out bonus of seven hundred fifty dollars ($750). Dental and Vision Opt-Out Teachers who are eligible for the family plan, who elect not to be covered by the School’s Dental and Vision Insurance, and who participate in the insurance opt-out under Part III, Section A 4 shall receive a bonus as follows: Teachers enrolled in the opt-out during the 2008-09 school year and thereafter will receive an annual opt-out bonus of three hundred seventy-five dollars ($375) for dental and one hundred dollars ($100) for vision. Teachers who are eligible for the single plan who elect not to be covered by the School’s Dental and Vision Insurance will receive an annual opt-out bonus of one hundred eighty-seven dollars and fifty cents ($187.50) for dental and fifty dollars ($50) for vision. Subject to the following provisions:
Insurance Opt-Out. As an incentive for bargaining unit employees to obtain health insurance from sources other than the health insurance provided by the Board pursuant to this Collective Bargaining Agreement, the board will pay an annual incentive for employees who decline coverage under the following conditions.
Insurance Opt-Out. The Board shall contribute an annually-negotiated amount to employees who opt out of group health insurance.
Insurance Opt-Out. All bargaining unit members will be given an option to decline health insurance coverage offered by the District. This option to decline health insurance coverage will be given annually in writing to the Treasurer. Any bargaining unit member who, due to changes in circumstances, needs to begin utilizing health insurance coverage may do so by informing the Treasurer in writing and filling out the necessary new insurance enrollment forms. The desired insurance will be reinstated as soon as possible in accordance with the terms and conditions of the insurance carrier. Bargaining unit members desiring to forego coverage for an entire year will be paid, through the District’s 125 Plan, the following: Health Insurance 12% of annual premium (9,10,11 month proration) Dental Insurance $100.00 Any bargaining unit member who has not taken any of the above insurance coverage for at least 9 months of the entire preceding year will be entitled to payment by September 30th following the end of the contract year. Employees shall have a right to opt back in to any health benefits by applying for reinstatement. In personal emergencies such as divorce, death of spouse, or termination of spouse's insurance or employment, an employee may opt back into the group plan. Reinstatement shall occur the month following the written notice setting forth the emergency. Employees choosing to opt back in as a result of an emergency shall forfeit opt-out compensation.
Insurance Opt-Out. Any bargaining unit employee who elects to waive coverage under the City’s group insurance plan may do so as long as the employee shows proof of other coverage. An employee waiving coverage will receive a stipend paid on a monthly basis of twenty percent (20%) of the premium for single coverage using the PPO plan having the higher premium amount. Any employee who elects to waive coverage may resume coverage during any open enrollment period or if there is a qualifying event.
Insurance Opt-Out. All bargaining unit members will be given an option to decline any or all portions of health insurance coverage offered by the District. This option to decline any or all portions of health insurance coverage will be given annually in writing to the Treasurer. Any bargaining unit member who, due to changes in circumstances, needs to begin utilizing any or all health insurance coverage may do so by informing the Treasurer in writing and filling out the necessary new insurance enrollment forms. The desired insurance will be reinstated as soon as possible in accordance with the terms and conditions of the insurance carrier. Bargaining unit members desiring to forego coverage for an entire year will be paid, through the District’s 125 Plan, the following: Health Insurance 12% of annual premium (payable each half) Dental Insurance $100.00 ($50.00 per half) Any bargaining unit member who has not taken any of the above insurance coverage for the entire preceding year will be entitled to payment prior to January 15th for the period July-December and July 15th for the period January-June.
