Common use of MEDICAL PREMIUM CAP AMOUNT Clause in Contracts

MEDICAL PREMIUM CAP AMOUNT. The amount of employer paid premium support for PERS medical coverage for single coverage to $764 per month, two party coverage to $1276.60 per month, and family coverage to $1691.58 per month. The District will continue to offer Section 125 of the Internal Revenue Code for over-cap medical premiums paid by individual employees.

MEDICAL PREMIUM CAP AMOUNT. The amount of employer paid premium support for PERS medical coverage for single coverage to $764 764814 per month, two party coverage to $1276.60 1,462628 per month, and family coverage to $1691.58 1,9072,116 per month. The District will continue to offer Section 125 of the Internal Revenue Code for over-cap medical premiums paid by individual employees. Effective January 1, 2023, the District will increase by $50 the District’s contribution for medical coverage. This makes permanent the one-time increase granted the 2022 benefits year which was set to expire on December 31, 2022.

MEDICAL PREMIUM CAP AMOUNT. The amount of employer paid premium support for PERS medical coverage for single coverage to $764 814 per month, two party coverage to $1276.60 1,628 per month, and family coverage to $1691.58 2,116 per month. The District will continue to offer Section 125 of the Internal Revenue Code for over-cap medical premiums paid by individual employees. Effective January 1, 2023, the District will increase by $50 the District’s contribution for medical coverage. This makes permanent the one-time increase granted the 2022 benefits year which was set to expire on December 31, 2022.