Common use of MEDICAL, DENTAL, LIFE AND DISABILITY INSURANCE Clause in Contracts

MEDICAL, DENTAL, LIFE AND DISABILITY INSURANCE. 16.1 The University shall provide a Preferred Provider Organization Plan and a High Deductible Plan for Faculty Members. Whatever “pre- tax contributions” are specified, they are currently not subject to federal and state taxes but may be subject to city income tax. An open enrollment period will be held annually for four weeks usually in the Fall academic semester, during which Faculty Members may revise their elections for the coming year. However, a Faculty Member may revise his or her election upon a change of family status as provided under the plan and federal law. Faculty Members must make family status changes within thirty-one (31) days of the event for coverage to be effective as of the date of the family status change. For new employees, a good faith effort will be made to have coverage effective the first day of employment, however, coverage shall be effective not later than the first day of the month following twenty-eight (28) days after appointment. 16.1.1 Effective January 1, 2017, four coverage levels will be available: Employee Only, Employee and Child(ren), Employee and Spouse/Domestic Partner, and Family. 16.1.2 To the extent such benefits would trigger excise taxes under Section 49801 of the Internal Revenue Code and/or the Affordable Care Act, the parties shall meet, confer, and reach agreement on an adjustment in benefits to the extent required to avoid such excise tax so as to be in compliance with Ohio Revised Code Sections 345.3111 and 4117.10.

MEDICAL, DENTAL, LIFE AND DISABILITY INSURANCE. 16.1 The University shall provide a Preferred Provider Organization Plan and a High Deductible Plan for Faculty Members. Whatever “pre- pre-tax contributions” are specified, they are currently not subject to federal and state taxes but may be subject to city income tax. An open enrollment period will be held annually for four weeks usually in the Fall academic semester, during which Faculty Members may revise their elections for the coming year. However, a Faculty Member may revise his or her election upon a change of family status as provided under the plan and federal law. Faculty Members must make family status changes within thirty-one (31) days of the event for coverage to be effective as of the date of the family status change. For new employees, a good faith effort will be made to have coverage effective the first day of employment, however, coverage shall be effective not later than the first day of the month following twenty-eight (28) days after appointment. 16.1.1 Effective January 1, 2017, four Four coverage levels will be available: Employee Only, Employee and Child(ren), Employee and Spouse/Domestic Partner, and Family. 16.1.2 To the extent such benefits would trigger excise taxes under Section 49801 of the Internal Revenue Code and/or the Affordable Care Act, the parties shall meet, confer, and reach agreement on an adjustment in benefits to the extent required to avoid such excise tax so as to be in compliance with Ohio Revised Code Sections 345.3111 3345.311 and 4117.10.