Common use of Insurance Opt-Out Clause in Contracts

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. 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 elsewhere, shall receive a pro-rated payment.