Common use of Insurance Provision Clause in Contracts

Insurance Provision. A retiring Teacher may elect to participate in any insurance program the School Corporation offers its Teachers until the Teacher reaches Medicare age, provide he/she pays 100% of the premium for each insurance program in which he/she elects to participate. To be eligible for this provision, the retiree of the NMCSC must have been covered under the health plan for at least one (1) year January-December immediately prior to retirement and through final day of employment - retirees may not opt in and out of plan. After a retiree exits the plan, they are no longer eligible for open enrollment.

Insurance Provision. A retiring Teacher may elect to participate in any insurance program the School Corporation offers its Teachers Teachers, until the Teacher teacher reaches Medicare age, provide provided he/she pays 100% of the premium for each insurance program in which he/she elects to participate. To be eligible for this provision, the retiree of the NMCSC must have been covered under the health plan for at least one (1) year January-December immediately prior to retirement and through final day of employment - employment, retirees may not opt in and out of plan. After a retiree exits the plan, they are no longer eligible for open enrollment.