Medical and Prescription Insurance Sample Clauses

Medical and Prescription Insurance. The Board shall provide the POS Managed Care Medical Insurance Plan and Prescription Plan to the Superintendent and eligible dependents. The POS Managed Care Medical Insurance Plan and Prescription Plan shall be the same as that provided to the other certificated staff.
Sample 1
AutoNDA by SimpleDocs
Medical and Prescription Insurance. The District shall offer medical and prescription drug coverage to eligible full-time professional employees of the District wishing to elect such coverage during the term of this agreement. The District shall provide such coverage through an independent licensee of the Blue Cross Blue Shield Association (BCBSA). The coverage type shall be a Preferred Provider Organization (PPO) arrangement, in which such coverage shall satisfy the requirements of a Qualified High Deductible Health Plan (HDHP), as defined by the United States Department of the Treasury and Internal Revenue Service. During the term of this agreement, the District will deposit into the health savings account of each eligible full-time professional employee electing medical and prescription coverage the amount necessary so that the employee’s responsibility toward the deductible is as follows: Single $ 500 Two Adults $1,000 Parent & Child $1,000 Parent & Children $1,500 Family $1,500 The District may offer an alternative medical and prescription drug coverage plan to eligible employees of the District wishing to elect such coverage. If the District provides such coverage, the employee’s cost sharing would be adjusted equal to the change in premium.
Sample 1
Medical and Prescription Insurance. Employees shall have the same Benefits as the Teachers (Certified/Licensed Staff) as follows: A. All employees will be on the High Deductible Healthcare Plan (“HDHP”) with the following deductibles as of January 1, 2020 which will be an embedded plan. The In Network Deductibles shall be $2,800 for single plans and $5,000 for family plans, both indexed to the IRS. The Out of Network Deductibles shall be $2,800 for single plans and $5,000 for family plans, both indexed to the IRS. B. The PPO option (attached hereto as Appendix K) would be available for any employee who is already on a governmental plan such as Medicare or Tricare as of 1/1/20. Any employee who elects this PPO option shall pay the same cost that an employee on the HDHP pays. Employees not on a governmental plan as of 1/1/20 would not be eligible for PPO option if they become eligible. (For example, if someone turns 65 in 2021, the employee is not eligible to take PPO by taking Medicare.) If an employee is on a governmental plan and has the HDHP, the applicable Board contribution of a percentage of the deductible will be paid as a stipend through payroll instead of to a health savings account. 1. For the period January 1, 2023 through December 31, 2023: a. Board shall contribute $1,800 (single), $3,000 (family) of the deductible into the employee’s account for those employees and spouses who submit evidence of medical exam and dental exam between November 1, 2021 and October 31, 2022 (due on or before October 31, 2022 during that period). This Board contribution shall be paid in full no later than the 2nd pay in January of each year. b. Employee’s premium contribution shall be as follows: Effective January 1, 2023 through December 31, 2023 the Single Rate shall be set at $65.00 per month and the Family Rate shall be set at $130.00 per month. c. If employee and employee’s spouse is on the PPO plan and the employee’s spouse can get coverage through his/her employer or retirement system, employee shall pay an extra $125 per month. If the employee and the employee’s spouse is on the HDHP and the employee’s spouse can get coverage through his/her employer or retirement system, the Board shall contribute $500 less of the deductible into the employee health savings account. d. The district shall have an annual Health Fair. This shall be voluntary, and everyone who participates in the health fair shall receive a $250 deposit into their HSA the 1st pay in February. e. For staff members who participate ...
Sample 1

Related to Medical and Prescription Insurance

  • Medical, Dental and Vision Insurance a. Effective July 1, 2002, medical benefits shall be offered through CalPERS Health Plans. b. The Employer shall pay up to eight percent (8%) of future premium increases for medical, dental, and vision plans. In the event that a medical plan has a premium decrease (<0%), the Employer will apply ninety percent (90%) of the premium decrease towards Employer contribution and ten percent (10%) towards employee plan premiums. c. Each employee shall pay through payroll deduction any premium cost in excess of the Employer’s contribution. Each employee may select from among the plans made available by the Employer and the Union.

  • Health and Hospitalization Insurance Single Coverage: The District shall contribute a sum not to exceed $8180 per year toward the premium for individual coverage for each full-time employee employed by the District who qualifies for and is enrolled in single cov- erage in the School District’s group health and hospitalization insurance plan. Any additional cost of the premium shall be borne by the employee and paid by payroll deduction.

  • Vision Insurance The County will provide and pay all the premiums necessary for WCIF VSP vision insurance.

  • Hospitalization Insurance A) Effective January 1, 2012, all eligible employees shall be enrolled into Blue Cross Blue Shield Community Blue 4 (CB4) medical plan with a closed formulary $5 generic/$40 preferred brand/$80 non-preferred brand prescription drug card. The CB4 medical plan shall include a $500 single/$1,000 couple/family first dollar deductible, after which coinsurance will be provided at 80% with an annual employee maximum co-insurance out of pocket at $1,500 single and $3,000 family. In accordance with Health Care Reform preventative care is covered 100%. Copays shall include $30 for office visits, $30 for urgent care, and $150 for emergency room visits. Effective July 1, 2019 the City will also provide Blue Cross Blue Shield Simply Blue PPO with a $5 generic/$40 preferred brand/$80 non-preferred prescription drug card as a voluntary option for employees. Effective January 1, 2012, the City shall establish a Cafeteria Plan Section 125 Flexible Spending Account (FSA) for qualified medical expenses compliant with all IRS regulations. Employees may elect to contribute into the FSA on a pre-tax basis up to a limit set by the employer in compliance with IRS regulations and Health Care Reform. Employees must establish their contributions each calendar year, and the amount may not be altered unless the employee experiences a qualifying event as defined by the IRS. The City shall not contribute into the employee’s FSA for calendar year 2011, 2012 or 2013. Effective with calendar year 2014 the City’s contribution into the FSA will be in accordance with Article IV Section 5. Qualified purchases during the calendar year using FSA funds must be submitted for reimbursement no later than the last day of February the following calendar year. Any money contributed into the FSA and not spent will be forfeited by the employee. Effective July 1, 2019 the FSA plan year shall be July through June to coincide with the medical plan year. Qualified purchases during the plan year using FSA funds must be submitted for reimbursement no later than the last day of September following the close of the plan year June 30th. Any money contributed into the FSA and not spent will be forfeited by the employee, except for the amount allowed by IRS regulations. The City reserves the right to self insure any and all medical insurance plans as described in this Collective Bargaining Agreement at the City’s sole discretion.

  • Income Protection Insurance The Employer shall provide Income Protection Insurance through an ETU nominated policy and scheme. It is agreed that the premium will be collected and administered by the “Protect” Severance Scheme at the same time as severance payments are made. Income protection will be paid for the employees and will be paid for all periods of authorised absence and cannot be on a pro-rata basis. It is agreed the Income Protection Insurance payments are paid on a monthly basis by the 14th day of each month. It is agreed that if the Employer has not made a valid or current insurance payment to “Protect”, the Employer shall be liable for any loss of earnings or benefits that would have otherwise been given to the employee. The rates of payment and cover shall be as follows: From 1/1/06 to 28/2/07* From 1/3/07 to 31/12/08* From 1/1/09* Tradesperson’s Premium $19.70 per week $20.90 per week $24.00 per week** Apprentice Premium $12.50 per week $13.50 per week $19.90 per week** * These rates are inclusive of GST and stamp duty. ** These are the premium rates and levels of cover that shall apply, unless reduced by the agreement of NECA and the ETU. It is the intention of NECA and the ETU to seek a lower premium. The premium rates and level of cover shall not exceed the amounts set out in the final column of the table above. The insurance benefits contained in this Policy will not be reduced during the life of this Agreement.

  • ’ Compensation Insurance PURCHASER shall perform the operations in accordance with the requirements of the Workers' Compensation Law of the State of Oregon during the term of this contract. In addition, the PURCHASER, its subcontractors, if any, and all employers providing work, labor, or materials under this contract are subject employers under the Oregon Workers' Compensation Law and shall comply with ORS 656.017 and 656.029, which requires them to provide workers' compensation coverage that satisfies Oregon law for all their subject workers. Out-of-state employers must provide Oregon workers' compensation coverage for their workers who work at a single location within Oregon for more than 30 days in a calendar year. Contractors who perform the operations without the assistance or labor of any employee need not obtain such coverage.

  • Workers’ Compensation Insurance Contractor shall obtain and maintain a policy of workers’ compensation insurance for all of Contractor’s employees in accordance with the provisions of Labor Code Sections 3700, et seq., and all other applicable laws and requirements. In case any class of employee is not protected under the workers’ compensation laws for any reason, Contractor shall provide adequate coverage as shall be necessary for the protection of such employees. Prior to commencement of the Work, Contractor shall sign and file with District a certification regarding insurance for workers’ compensation in accordance with Labor Code Section 1861.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!