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Common use of Insurance Waiver Clause in Contracts

Insurance Waiver. A. Any certificated/licensed staff member who waives the right to health insurance for a benefit year (January 1 through December 31), and provides proof of other insurance coverage that is not through the Health Insurance Marketplace, will receive a lump sum payment on the second pay period following the completion of that benefit year that shall be equal to, for those on single coverage, $1,500.00, and for those on family coverage, $3,000.00. If the employee resigns his/her employment with the District, the employee will not receive the waiver amount, unless the resignation was for retirement purposes. In the case of a retirement, the waiver amount will be prorated based on the date of the retirement. B. In the event of a change in the need for coverage due to a major life event causing the cessation of the teacher's alternate source of coverage during the waiver year (death of spouse, divorce, dissolution, loss of spouse's employment, etc.), the teacher may reinstate coverage effective the first day of the following month without having to meet any pre-existing condition requirement provided the proper application card has been completed and submitted to the Treasurer. Such entry into the insurance program will preclude the bargaining unit member from receiving the healthcare insurance waiver payment in lieu of coverage as indicated during the waiver year. C. Should a certificated/licensed staff member elect to participate in the program, the certificated staff member must complete a written notification of waiver and verification of alternative coverage to the Treasurer during open enrollment or at the time of hiring. Such waiver shall remain in effect from year to year unless changed by the member.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Insurance Waiver. A. 1. Any certificated/licensed staff member who waives the right to health insurance for a benefit year (January September 1 through December August 31), and provides proof of other insurance coverage that is not through the Health Insurance Marketplace, will receive a lump sum payment on the second pay period following the completion of that benefit year that shall be equal to, for those on single coverage, $1,500.00, and for those on family coverage, $3,000.00. If the employee resigns his/her employment with the District, the employee will not receive the waiver amount, unless the resignation was for retirement purposes. In the case of a retirement, the waiver amount will be prorated based on the date of the retirement. B. 2. In the event of a change in the need for coverage due to a major life event causing the cessation of the teacher's alternate source of coverage during the waiver year (death of spouse, divorce, dissolution, loss of spouse's employment, etc.), the teacher may reinstate coverage effective the first day of the following month without having to meet any pre-existing condition requirement provided the proper application card has been completed and submitted to the Treasurer. Such entry into the insurance program will preclude the bargaining unit member from receiving the healthcare insurance waiver payment in lieu of coverage as indicated during the waiver year. C. 3. Should a certificated/licensed staff member elect to participate in the program, the certificated staff member must complete submit a written notification of waiver and verification of alternative coverage to the Treasurer during open enrollment or at by September 30, of each year for the time duration of hiring. Such waiver shall remain in effect from year to year unless changed by the memberthis agreement.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement