Opt-Out Provision. If the State Health Benefits system reinstates the provision to Opt-Out, the district will offer this provision.
1. Within the regulations of the carrier, the Board agrees to establish a Section 125 (I.R.S. Code) Plan for the purpose of making available a cash option. If an employee selects the cash option, it shall be included in the employee’s gross income as compensation. If an employee selects the insurance coverage, the value of such coverage is excludable in the employee’s gross income as compensation.
(a) An employee otherwise entitled to health, dental, prescription insurance coverage shall have the option to voluntarily not participate in any or all such plans and withdraw from any such coverage. It is understood that the decision to exercise this option rests solely with the employee. In the event an employee makes such election, the Board shall compensate such employee 35% of the yearly premium cost for the plan(s) under which the employee would have been covered. Such cash payment shall be in the form of a stipend and shall be paid in two (2) equal installments, the first on December 1st and the second on June 30th of the school year in which the non- participation occurs.
(b) In order for an employee to be eligible to elect this cash option for the health insurance plan, as per Section (a) above, an employee must provide documentation to the Board that they are covered under an alternative health insurance plan. It is not necessary for an employee to have alternative dental or prescription coverage to opt out of those two plans. Employees whose spouse has coverage with a Board of Education in the same Health Insurance Fund (HIF), including this Board, will not be eligible for the opt-out incentive.
(c) All withdrawals shall be for a full year (July 1 through June 30). Written notification of an employee’s intent to elect this withdrawal option must be filed with the Board during the normal re-opener period. Employees may either re-elect the option of withdrawal during each re-opener period or elect to re-enroll in the insurance plan(s) offered by the District. Prior to each re-opener period, the Board’s insurance carrier and/or representative shall hold a meeting with employees considering to elect to withdraw from the district’s insurance plan and shall apprise them of any and all benefits and/or risks involved should the employee elect such waiver.
2. Notwithstanding the above, the employee who has a change in status (e.g. termination of emp...
Opt-Out Provision. Employees receiving employee only health insurance coverage may exercise their option to opt-out of such health insurance coverage if they have alternative coverage through another source. In such a case, the employee will receive $200 per month. Employees must opt-out prior to the 15th of the month preceding the month on which the opt-out will be effective. The Hospital will establish a Health Insurance Advisory Committee to include two (2) representatives of the bargaining unit. The purpose of the committee will be to review claims experience, utilization and trends in the insurance industry. The committee will be a forum to ask questions, to address concerns and to make recommendations regarding the insurance plan. The committee will meet quarterly.
Opt-Out Provision. The County will provide a contribution to a VEBA account in the amount of $125 per month (paid on the first two pay periods of the month) for eligible employees that choose to opt out of the County’s medical, dental and vision insurance plans. In order to qualify for the Opt Out contribution, the employee must provide proof that they are covered by another qualified group health plan that meets the minimum value requirements set forth in the Affordable Care Act.
Opt-Out Provision. Nurses receiving “employee only” health 4 insurance coverage may exercise their option to “opt-out” of such health insurance 5 coverage if they have alternative coverage through another source. In such a case, the 6 nurse will receive two hundred dollars ($200) per month. Nurses must opt out prior to 7 the 15th of the month preceding the month on which the opt-out will be effective.
Opt-Out Provision. 1. Within the regulations of the carrier, the Board agrees to establish a Section 125 (I.R.S. Code) Plan for the purpose of making available a cash option. If an employee selects the cash option, it shall be included in the employee’s gross income as compensation. If an employee selects the insurance coverage, the value of such coverage is excludable in the employee’s gross income as compensation.
(a) An employee otherwise entitled to health, dental, prescription insurance coverage shall have the option to voluntarily not participate in any or all such plans and withdraw from any such coverage. It is understood that the decision to exercise this option rests solely with the employee. In the event an employee makes such election, the Board shall compensate such employee (35%) of the yearly premium cost for the plan(s) under which the employee would have been covered. Such cash payment shall be in form of a stipend and shall be paid in two (2) equal installments, the first on December 1st and the second on June 30th of the school year in which the non-participation occurs.
(b) In order for an employee to be eligible to elect this cash option for the health insurance plan, as per Section (a) above, and employee must provide documentation to the Board that they are covered under an alternative health insurance plan. It is not necessary for an employee to have alternative dental or prescription coverage to opt out of those two plans. Employees whose spouse has coverage with a Board of Education in the same Health Insurance Fund (HIF), including this Board, will not be eligible for the opt-out incentive.
(c) All withdrawals shall be for a full year (July 1 through June 30). Written notification of an employee’s intent to elect this withdrawal option must be filed with the Board during the normal re-opener period. Employees may either re-elect the option of withdrawal during each re-opener period or elect to re-enroll in the insurance plan(s) offered by the District. Prior to each re-opener period, the Board’s insurance carrier and/or representative shall hold a meeting with employees considering to elect to withdraw from the District’s insurance plan and shall apprise them of any and all benefits and/or risks involved should the employee elect such waiver.
2. Notwithstanding the above, the employee who has a change in status (e.g. termination of employment, death, separation, divorce, etc.) which causes the employee to lose his alternate health, dental or prescr...
Opt-Out Provision. Eligible employees’ may elect to “Opt Out” of the County provided health/dental/vision coverage and shall receive $250.00 per month.
Opt-Out Provision. 1. The Board agrees to establish a Section 125 (I.R.S. Code) Plan for the purpose of making available a cash option. If an employee selects the cash option, it shall be included in the employee’s gross income as compensation. If an employee selects the insurance coverage, the value of such coverage is excludable in the employee’s gross income as compensation.
a. An employee otherwise entitled to health insurance coverage shall have the option to voluntarily not participate in the health insurance plan and withdraw from any such coverage. It is understood that the decision to exercise this option rests solely with the employee. In the event an employee makes such election, the Board shall compensate such employee according to the chart below. Such cash payment shall be in form of a stipend and shall be paid in two
Opt-Out Provision. 16.3.1 So long as the District’s insurance benefits practices/providers allow it, bargaining unit members (full-time and part-time) who can prove government or employer provided group coverage from an employer may opt out of $1800 (prorated for part- time bargaining unit members).
Opt-Out Provision. 4.1. While the Parties intend that Xxxxxx shall act as mediator and if necessary, arbitrator of their dispute, each of the Parties and the Mediator-Arbitrator shall have the option at the end of the meditation phase to opt out of him continuing on as arbitrator.
4.2. If either Party or the Mediator-Arbitrator exercises the option to opt out of his acting as mediator and arbitrator, the parties appoint ** as the substitute arbitrator and will continue the arbitration process as set out in this Agreement.
4.3. If either Party or the Mediator-Arbitrator exercise the option to opt out of his acting as mediator and arbitrator, the parties will each provide him with a list of three names of individuals who would be acceptable as the substitute arbitrator. If one name is on both lists, then the Mediator-Arbitrator shall select that person as the substitute arbitrator. If there are no common names on the lists, The Mediator-Arbitrator shall chose one name from the lists as the substitute arbitrator and subject to that person accepting appointment as arbitrator, the arbitration process shall proceed as set out in this Agreement or as modified in conjunction with the substitute arbitrator.
4.4. The Parties deciding to exercise the opt out provision above shall not relieve them from their obligation to continue with the process as set out in this Agreement.
Opt-Out Provision. An MBU who elects to not participate in the District’s medical coverage shall receive an annual payment of Four Hundred Fifty Dollars ($450.00) in April of the following year. This amount will be prorated for new hires.
