INSURANCE & PENSION. SECTION 1. The City will continue, during the life of this Agreement, at its expense, except for the premium sharing contribution as set forth below, to provide a medical and life insurance program for Employees and their dependents, including the dental, eyeglass and prescription drug coverage. The City’s plan will include benefits, as described in the Schedule of Benefits included in the City’s Employee Benefits Guide, attached as Appendix “A”, provided, however that the City will continue to offer a PPO, and will continue to provide mail order prescription coverage, during the term of this Agreement. Effective January 1, 2012, the employee’s contribution toward the health insurance premium shall be fifteen percent (15%) of the annual premium cost of the insurance plan (family or single) the employee chooses. This contribution shall be paid in twenty-four (24) equal installments as a deduction in the employee’s biweekly paycheck. During the term of this Agreement, any increase in the annual employee premium share shall not exceed an additional eight-hundred fifty dollars and no cents ($850.00) in any one calendar year over the previous year’s premium share. The City shall be able to change insurance carriers or self-insure, provided the benefits are comparable to existing benefits. In event there is a financial need or comparable plans are not available the City and Union agree to a re-opener one time during the term of this Agreement for the purposes of establishing the employee share of the health insurance premium in accordance with ORC 4117 and potential changes in coverage agreeable by both parties.
SECTION 2. The City's obligation to make insurance contributions on behalf of an Employee shall cease immediately upon the Employee's termination from employment, layoff for thirty (30) consecutive days, commencement of long-term disability benefits, or commencement of any leave of absence without pay unless otherwise stated in other sections of this Agreement or required by law.
SECTION 3. Nothing herein shall prevent any Employee at any time from voluntarily declining to participate in any insurance program. In the event of such voluntary decision not to participate, the City shall be relieved of any obligation to make contributions on behalf of such Employee.
SECTION 4. The City reserves the exclusive right to change insurance carriers, set benefit levels, and otherwise determine the method and provision of coverage during the term of this Agreement p...
INSURANCE & PENSION. 7.1 The Company shall at its expense conclude an accident insurance on behalf of Mr. Xxxxxx Delberg and for the duration of this Executive Service Agreement based on the following insurance amounts: Death 1 year’s salary Disability 3 years’ salary Recuperation 6 month’s salary Annual salary in the sense of this Clause 7 above shall be understood to include an amount equal to the average bonus claim over the preceding three business years in accordance with clause 6. One month’s salary within the meaning of this Clause 7 shall be understood to be one-twelfth of the annual salary. The insurance amounts shall be adjusted accordingly in July of each year.
INSURANCE & PENSION. 23.01 The present Group Insurance Plan underwritten and administered by an insurance company will continue subject to the terms and provisions of the underwriter and the eligibility requirements therein with coverage as follows: Semi-Private coverage at no premium cost to the employee. The Company will provide employees and dependents with Extended Health Care (EHC) group coverage at no premium cost and no deductible to the employees. Effective for purchases on or after January 1, 2011, vision care benefit is as follows: January 1, 2011 $310 January 1, 2012 $320 January 1, 2013 $330 January 1, 2014 $340 January 1, 2015 $350 Effective January 1, 2011 the drug plan will cover 100% of prescription drug costs up to $6,000.00 per benefit year, per family: and 50% of prescription drug costs that are in excess of $6,000.00 but do not exceed $8,000.00 per benefit year, per family, subject in all cases to a ($9.00 ) dispensing fee cap. Effective January 1, 2013, the drug plan will cover 100% of prescription drug costs up to $8,000.00 per benefit year, per family: and 50% of prescription drug costs that are in excess of $8,000.00 but do not exceed $10,000.00 per benefit year, per family, subject in all cases to a $9.00 dispensing fee cap.
INSURANCE & PENSION.
13.1 Medical insurance coverage shall be made available to regular full-time employees and eligible family members. Said plan will provide hospitalization, surgical and prescription benefits under a Town plan with applicable co-payments for doctors' visits, prescriptions and with annual deductibles and is subject also to the employees' contributions toward the premium costs set forth below. Employees may elect coverage in either Anthem Blue Care HMO or Century Preferred PPO, as long as these plans are available to the Town of Madison employees. Plan descriptions are attached as Appendix C.
A. Effective July 1, 2018 employees electing coverage in Anthem Century Preferred or Anthem HMO shall contribute seventeen percent (17%) of the total cost of the medical coverage selected.
B. Employees who participate in the Anthem Preventive Care Program and that Anthem has certified prior to June 30th of each year that they and, if applicable, their spouse, have completed all aspects of the program shall have their premium cost share adjusted down each July 1st. Employees and, if applicable, their spouse who have not participated in the program shall have their premium cost share adjusted up each July 1st. The adjustments are based upon the schedule below. Page10
INSURANCE & PENSION. The Employer shall provide and pay for the following insurance for all employees:
INSURANCE & PENSION. 23.01 The present Group Insurance Plan underwritten and administered by an insurance company will continue subject to the terms and provisions of the underwriter and the eligibility requirements therein with coverage as follows: Semi-Private coverage at no premium cost to the employee. The Company will provide employees and dependents with Extended Health Care (EHC) group coverage at no premium cost and no deductible to the employees. Effective for purchases on or after January 1, 2016, vision care benefit is as follows: Effective Date Vision Care Benefit Amount January 1, 2016 $350 January 1, 2017 $350 January 1, 2018 $350 January 1, 2019 $350 January 1, 2020 $350 Effective January 1, 2016, the drug plan will cover 100% of prescription drug costs up to $9,000.00 per benefit year, per family: and 50% of prescription drug costs that are in excess of $9,000.00 but do not exceed $11,000.00 per benefit year, per family, subject in all cases to a $9.00 dispensing fee cap.
INSURANCE & PENSION. Section 1. The Town shall provide and pay eighty-five percent (85%) of the premiums based on allocated rates for the following coverage, or comparable coverage, for all regular full-time employees and their dependents. Effective upon ratification, the Town shall provide and pay eighty-four and one-half percent (84.5%) of the premiums based on allocated rates for the following coverage, or comparable coverage, for all regular full-time employees and their dependents. Effective July 1, 2012, the Town shall provide and pay eighty-four (84%) of the premiums based on allocated rates for the following coverage, or comparable coverage, for all regular full-time employees and their dependents: Effective July 1, 2013, the Town shall provide and pay eighty-three and one-half (83.5%) of the premiums based on allocated rates for the following coverage, or comparable coverage, for all regular full-time employees and their dependents: .
(a) Blue Cross/Blue Shield Century Preferred Plan with $10 Office Visits and $100 Outpatient Surgery and Hospital co-pays.
(b) Life insurance for active employees with a principal equal to an employee’s base salary rounded to the nearest thousand dollars.
(c) Blue Cross Full Service Dental Plan with Dental Rider A.
(d) Formulary prescription plan with co-pay of $10/$20/$30, with two co-pays for mail order of 90 days and $1,500 annual maximum.
Section 2. Participating employees shall pay through payroll deduction the remaining percentage of the applicable premiums, based on allocated rates, for the coverage specified in Section 1, above.
Section 3. The Town will be permitted to substitute a medical insurance plan for the Blue Cross/Blue Shield Century Preferred plan only under the following terms and conditions:
(a) Anthem Blue Cross is substituted for an equally reputable insurance provider;
(b) the coverage for all items currently covered (e.g., physician, hospitals, prescriptions, patient services, equipment, etc.) are all equal or better than the existing coverage;
(c) the list of participating physicians and facilities covered in-network and without additional co-pays is comparable; and
(d) the substitution is not implemented prior to either agreement of the Union or arbitration award confirming compliance with the above conditions.
INSURANCE & PENSION. 23.01 The present Group Insurance Plan underwritten and administered by an insurance company will continue subject to the terms and provisions of the underwriter and the eligibility requirements therein with coverage as follows: Semi-Private coverage at no premium cost to the employee. The Company will provide employees and dependents with Extended Health Care (EHC) group coverage at no premium cost and no deductible to the employees. Effective for purchases after November 30, 2009 vision care benefit increases from two hundred dollars ($200) in any 24 month period to a maximum of three hundred dollars ($300.00) in any 24- month period. Effective January 1, 2010 there will be an increase from a maximum for prescription drugs of four thousand dollar ($4000.00) per benefit year, per family and a seven dollar ($7.00) dispensing fee cap to a maximum for prescription drugs of six thousand ($6,000.00) per benefit year, per family and a seven ($7.00) dispensing fee cap. Effective January 1, 2010, the drug plan will cover fifty percent (50%) of prescription drug costs that are in excess of six thousand ($6,000.00) but do not exceed eight thousand ($8,000) per benefit year, per family, subject in all cases to a seven dollar ($7.00) dispensing fee cap.
INSURANCE & PENSION. The Employer shall provide and pay for the following insurance for all employees:
1. Life insurance - Twenty thousand dollars ($20,000.00) coverage for individual employees.
INSURANCE & PENSION
