Medical/Dental Insurance. Employee shall be entitled to participate in any and all employee benefit plans, including all medical and dental insurance plans as in effect from time to time for senior executives of the Company. Such participation shall be subject to (i) the terms of the applicable plan documents, (ii) generally applicable policies of the Company, and (iii) the discretion of the Board of Directors, the Compensation Committee or any administrative or other committee provided for in, or contemplated by, such plan. Nothing contained in this Agreement shall be construed to create any obligation on the part of the Company to establish any such plan or to maintain the effectiveness of any such plan which may be in effect from time to time.
Medical/Dental Insurance. The Corporation shall provide group medical/dental insurance for Employee under the plans of the Corporation applicable to Employee during the term of Employee’s employment under this Employment Agreement.
Medical/Dental Insurance. Employee shall be entitled during the Term, upon satisfaction of all eligibility requirements, to participate in all health, dental, disability, life insurance, retirement and other benefit programs now or hereafter established by Company and shall receive such other benefits as may be approved from time to time by the CEO.
Medical/Dental Insurance. The Board shall pay 80% of the insurance premiums and the employee shall pay 20%. Medical coverage shall be determined annually by an insurance committee composed of three certified members, three classified members, one principal, one supervisor and one school board member with the Treasurer serving (ex officio) as the facilitator. Through August 31, 2020 the level of benefits provided to each Bargaining Unit Member will be the same or better than the level of benefits effective September 1, 2017 unless required otherwise to comply with applicable state and federal laws. When both spouses are employed by the Board they are entitled to one family plan or two single plans. STRS retirees are required to take STRS health insurance and are ineligible for District health insurance unless denied by STRS or state law. If re-employed retirees are ineligible to participate in the STRS insurance program, they may participate in the District's insurance program as a single policy holder. The retiree may purchase a family policy by paying the difference in premium at their own expense. STRS retirees are eligible for payment in lieu of not taking health insurance. This provision applies only to bargaining unit eligible retirees beginning work as a retiree for the district after July 31, 2008. A $2,500 per year bonus shall be paid to any full-time employee who would be eligible for a family plan (i.e., who has a spouse and/or dependents), but who does not enroll in the Medical Insurance Plan. A $2,000 per year bonus shall be paid to any full-time employee who would be eligible for a single plan (i.e., who does not have a spouse or any dependents), but who does not enroll in the Medical Insurance Plan. To be eligible for this bonus, the employee must provide proof of insurance coverage that is not through the Insurance Marketplace. For this article, a year is defined as beginning on the effective date for employees joining during open enrollment. The employee may enroll in the insurance during that one year only if a qualifying event occurs under federal law entitling the person to enroll. In this event, the employee will receive a pro-rated amount for each month they were not enrolled in the plan since the beginning of the current year. New employees after the annual enrollment period and employees who leave prior to the end of the contract year shall receive a pro-rated amount for each month they are not enrolled in the plan. Those full-time employees who decline enrol...
Medical/Dental Insurance. The Board shall provide health, life and dental insurance benefits for full-time employees. Except as noted below, all other employees shall be eligible for Board paid insurance benefits prorated to their service (see chart below for specific rates). For the duration of this Agreement the level of benefits provided to each Bargaining Unit Member will be the same or better than the level of benefits effective September 1, 2017 unless required otherwise to comply with applicable state and federal laws. When both spouses are employed by the Board they are entitled to one family plan or one single plan. No Insurance coverage – The Board shall pay a stipend in the amount of $2,500 per year for those full-time employees who would be eligible for a family plan (i.e., who have a spouse and/or dependents), to remain off of the group health insurance coverage for an entire year. A $2,000 per year stipend shall be paid to any full-time employee who would be eligible for a single plan (i.e., who does not have a spouse or any dependents), but who does not enroll in the Medical Insurance Plan to remain off the group health insurance coverage for an entire year. To be eligible for this stipend, employees who regularly work 30 hours or more per week must provide proof of insurance coverage that is not through the Insurance Marketplace. The stipend will be paid in two installments; the first being in the second pay of the month following the open enrollment month; the second being in the second pay of June. The employee may enroll in the insurance during that one year only if a qualifying event occurs under federal law entitling the person to enroll, without obligation to repay the Board of Education for the portion of the stipend which had already been paid for that year. New employees after the annual enrollment period shall not receive any prorated stipend until such employee withdraws from enrollment before the next insurance year. When both spouses are covered by the District’s insurance program neither spouse is entitled to the stipend.
Medical/Dental Insurance. Executive shall be entitled to participate in any and all health plans, including all medical and dental insurance plans, as in effect from time to time for senior executives of the Company. Such participation shall be subject to (i) the terms of the applicable plan documents, (ii) generally applicable policies of the Company, and (iii) the discretion of the Board of Directors, the Compensation Committee or any administrative or other committee provided for in, or contemplated by, such plan; provided that the terms and conditions of Executive’s participation in such plans shall be no less favorable to Executive in any manner than such terms and conditions applicable to other senior executives of the Company. Nothing contained in this Agreement shall be construed to create any obligation on the part of the Company to establish any such plan or to maintain the effectiveness of any such plan which may be in effect from time to time.
Medical/Dental Insurance. For calendar year 2022, the portion of the medical/dental insurance premium paid by the District shall be limited to a maximum contribution of $37,361* per member per year (“District Maximum Contribution”). Thereafter, the District Maximum Contribution shall be automatically increased by an amount not to exceed 6% in each succeeding year. The new annual maximum contribution will be memorialized by the parties in a side letter to be attached to this collective bargaining agreement. If the annual premium renewal rates represent an aggregate increase of more than 6%, the District and FARSCCD agree to immediately reopen negotiations on this article. Based on the 2017 rates, the District has approximately $1.3 million in protective capacity available to address future increases over 6% and to stabilize rates in medical/dental insurance premiums up to the District Maximum Contribution. *This maximum contribution includes the temporary increase of $5,468.28 provided in 2020 until end of 2022.
Medical/Dental Insurance. The Corporation shall provide and pay such premiums for such group medical/dental insurance for the Employee during the term of employment of the Employee under this Employment Agreement as may be applicable to the Employee, subject to any changes in the medical/dental insurance policies that may be implemented by the Corporation from time to time.
Medical/Dental Insurance. Medical Insurance:
Medical/Dental Insurance. X. Xxxxxxxx retirees may elect to continue coverage under District-sponsored medical and dental plans on the same terms, including District-paid premium contributions, as coverage is offered to full-time employees of the District, through the month in which the retiree reaches age sixty-five (65).
B. In order to be eligible for this benefit, the retiree must meet the following criteria:
1. Must have retired from District employment under the Public Employees’ Retirement System or the State Teachers' Retirement System.
2. Must be at least fifty-five (55) years of age at the time of retirement.
3. Must have completed at least fourteen (14) years of service with the District. For employees hired on or after July 1, 2011, the service requirement will be twenty (20) years with the District’s contribution capped at the amount the employee is receiving for the year in which they retire.
4. Must have been eligible to receive District-sponsored medical and dental benefits in their last full year of employment.
5. Must be eligible for coverage under the District's medical and dental plans.
C. If, following retirement, the retiree ceases to be eligible for receipt of retirement benefits under PERS or STRS, the benefit described in this Article will also cease.
X. Xxxxx retirees who have not been employed by the District fourteen (14) years but who have completed a minimum of five (5) years of service may elect to retain group coverage under the District-sponsored medical and dental plans by paying the monthly premiums to the District. For employees hired on or after July 1, 2011, the minimum service required will be ten (10) years. Such premiums must be received by the District by the first (1st) day of the month for coverage during that month.
E. For retirees who satisfy conditions 1 and 3 of Paragraph B of this Article, and who have attained the age of sixty-five (65) shall apply for and enroll in Medicare Parts A and B. Upon satisfying these conditions and submitting proof annually of Medicare B enrollment (such as a copy of their Social Security statement denoting the Medicare Part B premium deduction), the District shall pay the standard Medicare Part B premium rate not to exceed $1,900 annually. This amount will be based on the standard Medicare Part B premium rate annualized for the benefit year in which it is paid.
