Medical Coverage Opt Out Sample Clauses

Medical Coverage Opt Out. For the term of the Agreement a benefits eligible employee who has alternate group medical coverage may choose to opt out of City provided medical coverage. A full-time employee who chooses to opt out shall not be required to pay the contribution in Clauses 17.3 and shall receive a cash payment every payday (except for the third payday in a month) as follows: Cash Payment One Party $25.00 per payday Two Party $45.00 per payday Family $62.50 per payday
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Medical Coverage Opt Out. For the term of the Agreement a benefits eligible employee who has alternate group medical coverage may choose to opt out of City provided medical coverage. A full-time employee who chooses to opt out shall not be required to pay the contribution in Clauses 17.3 and shall receive a cash payment every payday (except for the third payday in a month) as follows: Cash Payment One Party $25.00 per payday Two Party $45.00 per payday Family $62.50 per payday 17.3.2.1 Employees may elect to receive the cash payment as cash (subject to withholding) or as a pre-tax contribution into a Flexible Spending Account (MERP or DCAP). In addition to the cash payment to the employee, the City shall contribute for each full- time employee who opts out of medical coverage an additional amount to the Health Fund as follows: City Contribution One Party $117.26 per payday Two Party $93.59 per payday Family $72.86 per payday 17.3.2.2 Effective July 1, of each year of the Agreement, the City contribution rate provided in the previous year of the Agreement to each employee who opts out of medical coverage shall be adjusted to reflect the full annual percentage increase in the Portland-Salem medical care component in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) current base period measured by the reported percentage change between the second half of the most recent calendar year and the second half of the second most recent calendar year as published by the federal Bureau of Labor Statistics. However, in no event shall the contribution rate increase be less than two percent (2%) or greater than ten percent (10.0%). 17.3.2.3 The City shall pro-rate the cash payment and City contribution in 17.3.2 and 17.3.2.1 above for part-time benefits eligible employees based on the standard hours schedule.
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Medical Coverage Opt Out. For the term of the Agreement a benefits eligible employee who has alternate group medical coverage may choose to opt out of City provided medical coverage. A full-time employee who chooses to opt out shall not be required to pay the contribution discussed above and shall receive a cash payment every payday. Health Fund Reserves
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Medical Coverage Opt Out. An employee may elect to opt out of medical insurance coverage provided by the Department for the employee’s spouse and/or dependents, if the employee provides credible evidence during the open enrollment period that he/she has qualifying medical insurance coverage from another source. In such event, the employee shall be entitled to receive 50% of the total premiums, FSA, and HRA-VEBA contributions that would have been paid by the Department for the employee’s spouse and/or dependents, contributed to their HRA-VEBA account.
Sample 1
Medical Coverage Opt Out. Those bargaining unit members having and providing proof of health insurance coverage elsewhere may elect to “opt-out” of College provided health insurance (medical, dental and vision). Bargaining unit members who “opt-out” will receive a 33 1/3% (COBRA Actuarial Equivalent) payment of the savings to the College premised upon the current cost to the College for the provision of health insurance for the particular bargaining unit member. The Opt-Out payment willbe paid on a quarterly basis, payable the last pay period of the quarter. Bargaining unit members who elect to “opt-out” and incur a qualifying event (as defined by the IRS) during the opt-out period of coverage will be eligible for re-enrollment at the time of the qualifying event. Bargaining unit members who opt-out are not eligible for transition benefits pay-out the year of opt-out. Bargaining unit members who have “opted-out” and decide to re-enroll during the Fall open enrollment period will incur transition benefits and employment benefit contributions as outlined in Section 11.12.00.
Sample 1

Related to Medical Coverage Opt Out

  • Medical Coverage The Executive shall be entitled to such continuation of health care coverage as is required under, and in accordance with, applicable law or otherwise provided in accordance with the Company’s policies. The Executive shall be notified in writing of the Executive’s rights to continue such coverage after the termination of the Executive’s employment pursuant to this Section 3(d)(iv), provided that the Executive timely complies with the conditions to continue such coverage. The Executive understands and acknowledges that the Executive is responsible to make all payments required for any such continued health care coverage that the Executive may choose to receive.

  • Medical and Dental Coverage The County and Union agree that this Memorandum of Understanding shall be reopened at the County's request to meet and confer to discuss and mutually agree upon changes related to the Medical and Dental Plans, benefits, and contribution rates.

  • Dental Coverage Each employee covered by this agreement shall be eligible to participate in the City's dental program.

  • Health and Dental Coverage A dependent child is an eligible employee’s child to age twenty-six (26).

  • Special Coverages Tenant shall carry “Builder’s All Risk” insurance in an amount approved by Landlord covering the construction of the Tenant Improvements, and such other insurance as Landlord may require, it being understood and agreed that the Tenant Improvements shall be insured by Tenant pursuant to the Lease immediately upon completion thereof. Such insurance shall be in amounts and shall include such extended coverage endorsements as may be reasonably required by Landlord, and in form and with companies as are required to be carried by Tenant as set forth in the Lease.

  • Insurance or Other Medical Coverage Patient acknowledges and understands that this Agreement is not an insurance plan, and not a substitute for health insurance or other health plan coverage (such as membership in an HMO). It will not cover hospital services, or any services not personally provided by Direct Doctors. Patient acknowledges that Direct Doctors has advised that patient obtain or keep in full force such health insurance policy(s) or plans that will cover Patient for general healthcare costs. Patient acknowledges that this Agreement is not a contract that provides health insurance, and this Agreement is not intended to replace any existing or future health insurance or health plan coverage that Patient may carry.

  • All Coverages Each insurance policy required in this item shall be endorsed to state that coverage shall not be suspended, voided, cancelled, reduced in coverage or in limits except after thirty (30) days' prior written notice by certified mail, return receipt requested, has been given to the Town. Current certification of such insurance shall be kept on file at all times during the term of this agreement with the Town Clerk.

  • Insurance Term The Consultant shall procure and maintain for the duration of this Agreement, insurance against claims for injuries to persons or damage to property which may arise from or in connection with the performance of the work hereunder by the Consultant, its agents, representatives, or employees.

  • General Coverages All of Tenant’s Agents shall carry worker’s compensation insurance covering all of their respective employees, and shall also carry public liability insurance, including property damage, all with limits, in form and with companies as are required to be carried by Tenant as set forth in the Lease.

  • Single Coverage The School District will pay up to $28.00 per month for individual coverage for each full-time teacher who qualifies for and enrolls in the School District's group dental insurance plan.

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