Medical Spousal Buy Back Sample Clauses

Medical Spousal Buy Back. Employees who are participants in the Genesee County Self Funded Medical Plan, and who also have medical/hospitalization coverage through a spouse's non-County plan, may participate in the Medical Spousal Buy Back Program upon submitting sufficient evidence of dual coverage to the Personnel Office, and upon signing an appropriate release form. In lieu of the employee's participation in the County's Self Funded Medical Plan, the employee will receive an annual cash settlement of one thousand five hundred dollars ($1500). The cash settlement shall be paid in two equal annual installments, one ($750) during the month of July, and one ($750) during the month of December. Effective January 1, 2002, the annual cash settlement will be two thousand dollars ($2000) for all participants in this program. The cash settlement shall be paid in two equal annual installments, one ($1000) during the month of July, and one ($1000) during the month of December. Effective January 1, 2006, the annual cash settlement will be two thousand five hundred ($2500) for all participants in this program. The cash settlement shall be paid in two equal annual installments, one ($1250) during the month of July, and one ($1250) during the month of December. Any employee wishing to participate in this program must initiate the process by requesting the release form from the Personnel Office, completing and returning same to the Personnel Office. The employee's participation will commence on the first of the month following the receipt by the Personnel Office.
Sample 1
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