Insurance Waiver. Employees who choose to waive their health insurance on or after January 1, 2012 will receive a cash payout equal to 20% of the cost of the premium for single coverage, provided that such payout is permissible under the City’s health insurance contracts and applicable laws. The employee must prove proof of acceptable alternative health coverage and apply for payment in accordance with the written procedures provided by the Personnel Manager. Payments for waivers of less than twelve (12) months will be prorated. Payments will be made no less than once a year.
Appears in 3 contracts
Insurance Waiver. Employees who choose to waive their health insurance on or after January 1, 2012 will receive a cash payout equal to 20% of the cost of the premium for single coverage, provided that such payout is permissible under the City’s health insurance contracts and applicable laws. The employee must prove proof of acceptable alternative health coverage and apply for payment in accordance with the written procedures provided by the Personnel Manager. Payments for waivers of less than twelve (12) months will be prorated. Payments will be made no less than once a year.
Appears in 2 contracts
