Opt-Out Benefits. Eligible employees electing to opt-out of the Board-approved health insurance plan shall receive an incentive payment in accordance with the following table (the incentive payment will be pro-rated for employees who opt out of the insurance program for less than the full contract year): 4 or less $1,500 5-6 2,750 7-10 6,000 11 or more 7,000
Opt-Out Benefits. Eligible unit members electing to opt-out of the Board-approved health insurance plan shall receive an incentive payment in accordance with the following table: (The incentive payment will be pro-rated for employees who opt-out of the insurance program for less than the full contract year.) Number of unit members opting out of insurance plan Amount of incentive per member for single plan opt-out Amount of incentive per member for family plan opt-out 9 or less $ 750.00 ($62.50 per mo.) $1,500 ($125.00 per mo.) 10-11 937.50 ($78.13 per mo.) 1,875 ($156.25 per mo.) 12-14 1,125.00 ($93.75 per mo.) 2,250 ($187.50 per mo.) 15-17 1,350.00 ($112.50 per mo.) 2,700 ($225.00 per mo.) 18-29 1,500.00 ($125.00 per mo.) 3,000 ($250.00 per mo.) 30-34 2,500.00 ($208.33 per mo.) 5,000 ($416.67 per mo.) 35 or more 3,000.00 ($250.00 per mo.) 6,000 ($500.00 per mo.)
