Common use of Insurance Programs Clause in Contracts

Insurance Programs. 1. The District agrees to provide a program of life, medical and dental insurance benefits for teachers. The District shall offer each employee a choice between the following two (2) programs of medical and health care: a. A program of medical and health insurance benefits as provided by the District. b. A Health Maintenance Organization Plan (HMO). A Preferred Provider Organization (PPO) may also be offered. c. The Board shall notify the Federation of anticipated changes in the employee insurance programs at least thirty (30) days prior to implementation. 2. The District shall provide professional liability insurance in accordance with the requirements of the Risk Management Division of the State of New Mexico. 3. The District shall provide Workers' Compensation for on-the job accidents. 4. The District will match employees' share for Federal Insurance Contribution Act (Social Security). 5. Teachers have the option to commence a contract for a tax deferred annuity at any time, provided the company is on the approved list. Teachers have the option to amend a contract for a tax-deferred annuity once each calendar year.

Insurance Programs. 1. The District agrees to provide a program of life, medical and dental insurance benefits for teachers. The District shall offer each employee a choice between the following two (2) programs of medical and health care:care:‌ a. A program of medical and health insurance benefits as provided by the District.District.‌ b. A Health Maintenance Organization Plan (HMO). A Preferred Provider Organization (PPO) may also be offered. c. The Board shall notify the Federation of anticipated changes in the employee insurance programs at least thirty (30) days prior to implementation. 2. The District shall provide professional liability insurance in accordance with the requirements of the Risk Management Division of the State of New Mexico. 3. The District shall provide Workers' Compensation for on-the job accidents. 4. The District will match employees' share for Federal Insurance Contribution Act (Social Security). 5. Teachers have the option to commence a contract for a tax deferred annuity at any time, provided the company is on the approved list. Teachers have the option to amend a contract for a tax-deferred annuity once each calendar year.