Insurance Rebate. 12.8.1 Eligible teachers who choose to forego their right to coverage shall receive an "opt out” benefit in the amount of twelve (12%) percent of the annual premium cost for the most expensive Consortium PPO alternative for which the eligible teacher was eligible to be paid during the month of September if the coverage is not used during the entire preceding year. Eligible teachers who forego their right to coverage but are receiving health insurance coverage from the Consortium as part of family coverage are not eligible for any "opt out" benefit.
Appears in 6 contracts
Samples: Master Agreement, dam.assets.ohio.gov, dam.assets.ohio.gov
