INSURANCE PLANS AVAILABLE—FULL-TIME FACULTY Sample Clauses

INSURANCE PLANS AVAILABLE—FULL-TIME FACULTY. 1. For each eligible full-time faculty member who has elected to participate, the College will make available insurance benefits that are substantially similar to the existing plans (subject to availability): a. Full Family Medicalchoice of one: 1) Preferred Provider Plan 2) Health Maintenance Organization Plan b. Full Family Vision Plan c. Full Family Dental Plan d. Faculty member AD&D/Group Life Plan $50,000 e. Dependent Group Life—$2,000 f. Faculty member Long Term Disability for 2/3 salary, maximum $8,000 monthly, after ninety (90) calendar days C. PAYMENT OF PREMIUMS FOR COVERAGES IN ARTICLE 25.B.1 Any premium costs in excess of the College contribution will be paid by the faculty member. 1. Starting January 2018 the College paid contribution for premiums shall be $1,395.68. For the plan year beginning October 1, 2018, the college contribution for premiums shall be increased by the actual Portland CPI-U annualized average for 2017. The Portland CPI-U was discontinued at the end of 2017, and no replacement has been identified. For the plan year beginning October 1, 2019, the college contribution for premiums shall be increased by 2.5%. At the end of this Agreement, the College and the Association will identify a new index. Starting January 2018 and for the life of this Agreement, the College will pay up to an additional $80.00 per month towards the combined medical insurance. This will be prorated by FTE. For the life of this Agreement, the following will apply to full-time faculty who elect a plan with a Health Saving Account (HSA): a. The College will contribute $30 per month to the employee’s HSA. b. For employees who contribute to the HSA account, the College will contribute an additional dollar-for-dollar matching contribution up to a maximum of $20 per month. c. Both college contributions (in Article 25.C.1.a and 25.C.1.b) will be prorated for less than 1.0 FTE employees. 2. The College will pay the same percent of the premiums as the workload level when faculty have workloads less than one hundred percent (100%) subject to the provisions of Article 25.B above. 3. Full-time faculty on partial retrenchments shall have their premiums paid at the same level as their assignment just prior to the partial retrenchment subject to the provisions of Article 25.
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INSURANCE PLANS AVAILABLE—FULL-TIME FACULTY. 1. For each eligible full-time faculty member who has elected to participate, the College will make available insurance benefits that are substantially similar to the existing plans (subject to availability): a. Full Family Medicalchoice of one: 1) Preferred Provider Plan 2) Health Maintenance Organization Plan b. Full Family Vision Plan c. Full Family Dental Plan d. Faculty member AD&D/Group Life Plan $50,000 e. Dependent Group Life—$2,000 f. Faculty member Long Term Disability for 2/3 salary, maximum $8,000 monthly, after ninety (90) calendar days C. PAYMENT OF PREMIUMS FOR COVERAGES IN ARTICLE 25.B.1 Any premium costs in excess of the College contribution will be paid by the faculty member. 1. Starting September 1, 2021, the College paid contribution for premiums shall be increased by three percent (3%) to $1,581.41. Starting September 1, 2022, the College paid contribution for premiums shall be increased by three percent (3%) to $1,628.85. Starting September 1, 2023, the College paid contribution for premiums shall be increase by three percent (3%) to $1,677.72. For the life of this agreement, the College will pay up to an additional $80.00 per month towards the combined medical insurance. This will be prorated by FTE. For the life of this Agreement, the following will apply to full-time faculty who elect a plan with a Health Saving Account (HSA): a. The College will contribute $30 per month to the employee’s HSA. b. For employees who contribute to the HSA account, the College will contribute an additional dollar-for-dollar matching contribution up to a maximum of $20 per month. c. Both college contributions (in Article 25.C.1.a and 25.C.1.b) will be prorated for less than one point zero (1.0)
INSURANCE PLANS AVAILABLE—FULL-TIME FACULTY. 1. For each eligible full-time faculty member who has elected to participate, the College will make available insurance benefits that are substantially similar to the existing plans (subject to availability): a. Full Family Medicalchoice of one: 1) Preferred Provider Plan 2) Health Maintenance Organization Plan (Any premium costs in excess of the basic Preferred Provider Plan above will be paid by the faculty member.) (moved below) b. Full Family Vision Plan c. Full Family Dental Plan d. Faculty member AD&D/Group Life Plan—1.5 X Annual Salary, plus $6,000 (Total maximum $50,000) e. Dependent Group Life—$2,000 f. Faculty member Long Term Disability for 2/3 salary, maximum $5,000/mo $7,333 monthly, after ninety (90) calendar days C. PAYMENT OF PREMIUMS FOR COVERAGES IN SECTIONS B-1 College contribution will be paid by the faculty member. (moved from above) 1. Starting January 1, 2012 2015, the College paid contribution for premiums of 1,286.91 shall be increased by the actual Portland CPI-U annualized average for 2010 2013. Starting January 1, 2013 2016, the College paid contribution for premiums shall be increased by the actual Portland CPI-U annualized average for 2011 2014. Starting January 1, 2014 2017, the College paid contribution for premiums shall be increased by the actual Portland CPI-U annualized average for 2012 2015. $30.00 per month towards the combined medical insurance. This will be prorated by FTE. For the life of this agreement, the following will apply to full-time faculty who elect a plan with a Health Saving Account (HSA): a. The college will contribute $30 per month to the employee’s HSA. b. For employees who contribute to the HSA account, the college will contribute an additional dollar-for-dollar matching contribution up to a maximum of $20 per month. c. Both college contributions (1 and 2) will be prorated for less than 1.0

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