Insurance Option. Resident agrees to permit MIDOCS or the Institution, at their discretion and cost, to obtain a term life insurance policy on the life of Resident.
Insurance Option. An employee who retires pursuant to this Article shall be eligible to continue participation in the District group medical/hospitalization insurance plan, if permitted by the terms of the policy with the insurance carrier, but shall pay the entire premium for such insurance commencing with the date of his/her retirement. It is the responsibility of such an employee to make arrangements with the District business office to pay the District the monthly premium amounts in advance and on such date as determined by the District. Such participation and corresponding premium is subject to insurance carrier contract currently in effect.
Insurance Option. A teacher who retires pursuant to this article shall be eligible to continue participation in the District group medical/hospitalization insurance plan, if permitted by the terms of the policy with the insurance carrier, but shall pay the entire premium for such insurance commencing with the date of his/her retirement. The teacher is responsible to make arrangements with the District Business Office to pay the District the monthly premium amounts in advance and on such date as determined by the District. Such participation and corresponding premiums are subject to the insurance carrier contract currently in effect.
Insurance Option. Employees who are entitled to full Board paid insurance benefits and choose not to enroll in the Board's health benefits package shall receive an "opt out" payment of $1,200.00 for hospitalization, medical, surgical and major medical, and an "opt out" payment of $350 for dental coverage for each year not enrolled. Said amounts are to be paid in two (2) installments, the first at the end of January, and the second at the end of July. Such payments are not a part of salary for the purpose of retirement. The opt out payment amount will be processed through an appropriate IRS Plan.
Insurance Option. A. Regular full-time employees who elect prior to the first day of the school year to not participate in Article 10.01 who were employed on September 1st of any year and who are not covered on the District’s plan, on written request to the Treasurer, will receive a stipend in lieu of insurance coverage of Five Hundred Dollars ($500.00) to be paid on or before August 31st of any year in which the employee did not have the coverage. An additional stipend in the amount of fifty dollars ($50.00) will be paid to employees if they don’t select dental coverage.
B. Any employee who elects this option shall document similar coverage in the same or other insurance plan. In the event his/her coverage is lost, he/she shall be able to sign up for Board-sponsored insurance providing he/she signs a statement declining the stipend.
Insurance Option. The Employer agrees to implement a plan following the ratification of this agreement which will allow employees to pay for medical insurance, or disability insurance with pre tax dollars. Employee may purchase with their monies medical insurance through the school medical insurance carrier under the following conditions:
1. The right to name the carrier is at the sole discretion of the Employer.
2. All insurance coverage offered is subject to the rules, regulations and policy of the Employers insurance carrier, and subject to acceptance by the Employers carrier of the written application of the employee.
3. Medical plans are restricted to those available from the Employers carrier for individual purchase. It is understood that all employees may have to choose the same plan offered by the carrier instead of making individual choices.
4. The yearly cost of the insurance selected must be deducted via payroll deduction during the normal work year of the employee. The Employer shall incur no financial obligation toward the cost of the insurance.
5. Should the employee be on an unpaid leave of absence, the responsibility for premium payments rests between the individual employee and the insurance carrier.
6. The terms of any policy issued by the Employer’s carrier shall be controlling as to all matters concerning benefits, eligibility, termination of coverage, and other matters and shall not be the subject of any grievance. The Employee must have on file a signed authorization for payroll deduction for insurance. Payroll deduction is then contingent upon sufficient wages owing to cover the deduction. During any pay period that insufficient wages are owing to cover the deduction, payment of an amount equal to the deduction must be made to the Employers Business Office. Non-payment may result in loss of coverage.
Insurance Option. For those WBEA employees electing not to enroll in the group health insurance plan offered by the Board of Education, the Board agrees to pay directly to the employee the appropriate amount specified within the chart below for each month the employee elects not to be enrolled in the plan: Number of WBEA Members Participating in Monthly In-Lieu Of Annual Payment 1-50 $250 $3,000 51-60 $350 $4,200 61-70 $450 $5,400 71+ $550 $6,600 Cash in lieu participation is determined twice per year by the number of members enrolled by January 1 and July 1 each year.
Insurance Option. A Principal hired after July 1, 2019 is not eligible for this section. A Principal who retires pursuant to this Article shall receive a onetime payment to the Principal’s Health Care Savings Plan (HCSP) of $30,000 and will be eligible to continue participation in the District group medical/hospitalization insurance plan, if permitted by the terms of the policy with the insurance carrier, but shall pay the entire premium for such insurance commencing with the date of his/her retirement. It is the responsibility of such a principal to make arrangements with the District business office to pay the District the monthly premium amounts in advance and on such date as determined by the District. Such participation and corresponding premium is subject to insurance carrier contract currently in effect.
Insurance Option. A Principal who retires pursuant to this Article shall receive a onetime payment to the Principal’s Health Care Savings Plan (HCSP) of $30,000 and will be eligible to continue participation in the District group medical/hospitalization insurance plan, if permitted by the terms of the policy with the insurance carrier, but shall pay the entire premium for such insurance commencing with the date of his/her retirement. It is the responsibility of such a principal to make arrangements with the District business office to pay the District the monthly premium amounts in advance and on such date as determined by the District. Such participation and corresponding premium is subject to insurance carrier contract currently in effect.
Insurance Option. Annual insurance policy (self-insured, managed by Xxxxxxxx Public School District) -- $20 Students submit the $20 insurance payments or Declining insurance and assuming full responsibility for damage, theft or loss of the Chromebook/Tablet/Tablet
