Insurance Waiver Option. Bargaining unit members who provide proof of insurance from another source may be allowed to withdraw from the MSD-SIP. Members who choose to withdraw shall receive a district contribution of two hundred dollars ($200) per month that will be included in their payroll. Beginning October 1, 2020, members cannot be on the MSD-SIP through another member or in any other way to receive the stipend. In the event MEA subsequently bargains the continuation of the insurance waiver option for spouses both employed by the District and on the MSD-SIP, the District will offer that same level of benefit to OSEA.
Insurance Waiver Option. Employees shall be offered the option of waiving all health insurance benefits as set forth in the Agreement. Any employee who executes an appropriate waiver provided by the Board will, for the school year to which the waiver applies, receive a lump sum check on the July 1 following conclusion of that school year in the amount of two thousand dollars ($2,000) for the family plan or twelve hundred dollars ($1,200) for the single plan. Once an employee makes an election to waive insurance coverage, s/he may not return at any time during that year. Employees hired during the year who elect not to take coverage shall have the above payments prorated. The Board shall insure that appropriate documents are in place to comply with IRS Section 125.
Insurance Waiver Option. Any employee who has medical insurance from some other source who elects not to receive medical insurance benefits in accordance with provisions within this Article shall be eligible to receive compensation. An employee waiving medical insurance coverage hereunder shall provide the District with proof of insurance. In the event that the number of employees electing not to receive medical benefits is either 3 or 4, the amount of the insurance waiver option shall be $1,000 annually. If the number exceeds 4 for purposes of this provision, the amount of the insurance waiver option shall be $1,500 annually. The number of employees eligible for the insurance waiver option shall be determined as of October 1 of each school year. The amount of the insurance waiver option shall be in effect for 12 months. Employees selecting the medical insurance waiver option may not elect to receive medical insurance benefits during the 12-month period, unless the employee's medical coverage is discontinued and the election shall be subject to the applicable requirements contained in the insurance policy.
Insurance Waiver Option. In the event an employee is eligible for the cafeteria plan and is covered by, or who is eligible to be covered by, another employer-paid medical insurance plan substantially similar to that provided through the cafeteria plan, then the employee is not eligible to receive any of the medical insurance options in the cafeteria plan, but is automatically enrolled in the non- insurance option in the cafeteria plan shall, upon completion of the appropriate forms, be provided a $1,000 annual cash payment.
Insurance Waiver Option. Employees shall be offered the option of waiving all health insurance benefits as set forth in the Agreement. Any employee who executes an appropriate waiver shall not be required to make contributions for health insurance. Once an employee makes an election to waive insurance coverage, s/he may not return at any time during that year, unless there is a family or eligibility status change as defined by COBRA regulations.
Insurance Waiver Option. (1) Any employee currently enrolled in the Traditional Benefits Plan/PPO with full family, coverage may waive his/her rights to all coverage offered by the Employer in return for an annual payment of $3155.00 to be paid in twelve equal monthly installments, each on the last working day of each month. Any employee currently enrolled in the DPP plan, with full family coverage, may waive his/her rights to said insurance coverage in return for an annual fixed payment of $2669.00 to be paid in twelve equal monthly installments, each on the last working day of each month.
(2) Employees wishing to avail themselves of this opt-out program will be required to sign a waiver and demonstrate proof of alternate coverage.
(3) Any employee who has waived his/her rights to insurance coverage under this section will be permitted to immediately return to his/her previous group coverage if the employee loses the alternative insurance coverage, which precipitated the opt-out in the first place. The Board shall instruct the carrier to provide each member of this unit a description of the health-care insurance coverage provided under this Article, no later than the beginning of each school year which shall include a clear description of conditions and limits of coverage as listed above.
Insurance Waiver Option. Bargaining unit members who provide proof of medical insurance from another source from a parent’s or spouse’s insurance plan, who do not work for the District, may be allowed to withdraw from the MSD- SIP. Members who choose to withdraw shall receive a District contribution of $200 per month. This contribution shall be deposited into the member’s approved IRS Section 125 plan.
Insurance Waiver Option. Plan Options The District maintains self-insured insurance plans for all employees. If an alternate plan is made available to another bargaining group in the district, OSEA will have the option to change to the other plan. Eligible bargaining unit members may choose to participate in the Medford School District Self-Insurance Plan (MSD-SIP) during the open enrollment periods. The District shall offer the following plans for the term of this Agreement and may offer additional plans.
Insurance Waiver Option. 11.1 If the Hirer has purchased the "insurance waiver" option, it shall not be obliged to take out insurance in respect of damage to or loss of the Equipment. The "insurance waiver" will cover: (a) Accidental damage; (b) Fire (c) Theft
Insurance Waiver Option. Employees who are insured under a health insurance plan other than that provided in this 29 Agreement, and who are eligible to receive Board paid contributions to the health insurance 30 benefits provided in this Agreement, are eligible to participate in the insurance waiver option.
