Medicare Part B Coverage and Medicare Supplement Insurance Reimbursement Sample Clauses

Medicare Part B Coverage and Medicare Supplement Insurance Reimbursement. The following benefit will be in effect during the term of this Agreement. Registered Nurses participating in this benefit as of the effective date of this Agreement and those who first retire or change from full-time or part-time to per diem at or after age 65 with at least 25 years of service, the last fifteen (15) of which immediately prior to retirement or change to non-benefited status were in a full-time or part-time capacity, will be eligible for reimbursement for the costs of Medicare Part B coverage and for Medicare Supplement Insurance on the following basis: 10.11.2.1 In each year of the contract, each Hospital will reimburse RNs (in the aggregate) who qualify for reimbursement (as set forth in 3 - 6, below) up to the amounts set forth below. 10.11.2.2 Expenses eligible for reimbursement are the cost of Medicare Part B and 50% of the cost of a Medicare Supplement Policy for the period covered by this contract. 10.11.2.3 Maximum reimbursement in any quarter for any individual RN will be $450.00. 10.11.2.4 Reimbursement will be made on a quarterly basis for costs incurred, and paid for, during the prior quarter. Proof of both charges and payment will be required for reimbursement. 10.11.2.5 In the event that any hospital spends 80% of its allocation for a given period, the hospital will notify CNA and the RNs who are currently receiving