Common use of Insurance Opt-Out Program Clause in Contracts

Insurance Opt-Out Program. The Board may offer, or decline to offer the Health Insurance Opt-Out Plan (“Opt-Out Plan”). Any Opt-Out Plan will be communicated to the Members in sufficient time to permit members to enroll in the Opt-Out Plan and to re-enroll in the health insurance plan if Opt-Out Plan enrollment is insufficient to permit the Opt-Out Plan to be offered for that year. Members who accept the Opt-Out Plan will be bound to continue in the Opt- Out Plan for a minimum of one year, subject to the right to enroll in health insurance coverage in the event of a “qualifying event” entitling them to enroll in health insurance coverage mid-year.

Insurance Opt-Out Program. The Board may offer, or decline to offer the Health Insurance Opt-Out Plan (“Opt-Out Plan”). ) as further described in Appendix E. Any Opt-Out Plan will be communicated to the Members in sufficient time to permit members to enroll in the Opt-Out Plan and to re-re- enroll in the health insurance plan if Opt-Out Plan enrollment is insufficient to permit the Opt-Out Plan to be offered for that year. Members who accept the Opt-Out Plan will be bound to continue in the Opt- Opt-Out Plan for a minimum of one year, subject to the right to enroll in health insurance coverage in the event of a “qualifying event” entitling them to enroll in health insurance coverage mid-year.