Common use of Opt-Out Provision Clause in Contracts

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. 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. Discounts are applicable only if the account is settled within thirty (30) calendar days from receipt of post insurance balance due or other suitable arrangements have been made with the Hospital’s Business Office.