OPTIONS TO HEALTH INSURANCE. Teachers not electing health insurance coverage will be paid $505 a month. Teachers will receive dental insurance, vision insurance, life insurance, and long term disability insurance referenced in Article 4 (D)(2)(c-f). Any difference between the monthly cost of any optional tax-free coverage elected and the monthly ABC Plan 1 single subscriber premium rate shall be paid to the teacher in cash by way of the Section 125 Plan adopted and maintained by the Board that appears as Appendix F in this Agreement. Each teacher not electing health insurance shall complete the Benefit Election Form found in Appendix D of this Agreement. Teachers may also elect to have part or all of the cash benefit paid to their tax-deferred annuity plan (up to the limits set forth by the Tax Code for annuity plans). If a husband and wife are both members of the bargaining unit, no more than one shall elect health insurance coverage; the other shall elect the optional coverage described above.
OPTIONS TO HEALTH INSURANCE. If any eligible member (permanently assigned, full-time six hours or more per day) does not participate in the Board's hospitalization A. Additional Death benefit $50,000.00 A D & D.
B. There shall be a $125.00 per month tax-deferred annuity. The annuity will be selected by the member from among the Board approved carriers. The payments will be made in January and June. The Board will provide a cash option to health insurance benefits as provided above. The Board will formally adopt a qualified plan document which complies with Section 125 of the Internal Revenue Code. The amount of the cash payment received may be applied by the member to any tax-deferred/sheltered annuity selected by the member will a company that is a Board approved carrier. The benefit will be paid in January and June. The choice is in lieu of health care insurance as described in Section 15.04 of this Master Agreement.
OPTIONS TO HEALTH INSURANCE. Employees who work six (6) or more hours per day who are eligible for but who do not participate in the Board’s hospitalization and prescription drug benefit, are eligible to participate in this program. To be eligible to opt out of health benefit coverage, employees must provide proof that employee and all members of the employee’s family have minimal essential coverage.
A. Additional Death benefit $50,000.00 A D & D.
B. The Board will provide a cash option in lieu of health insurance in the amount of $125.00 per month ($1500/year) that will be paid to the employee on a per pay basis.
OPTIONS TO HEALTH INSURANCE. Employees who work six (6) or more hours per day who are eligible for but who do not participate in the Board’s hospitalization and prescription drug benefit, are eligible to participate in this program. To be eligible to opt out of health benefit coverage, employees must provide proof that employee and all members of the employee’s family have minimal essential coverage.
A. Additional Death benefit $50,000.00 A D & D.
B. Through December 31, 2107, there shall be a $125.00 per month tax-deferred annuity. The annuity will be selected by the member from among the Board approved carriers. The Board will also provide a cash option to health insurance benefits as provided above. Through December 31, 2017, the amount of the cash payment received may be applied by the member to any tax-deferred/sheltered annuity selected by the member with a company that is a Board approved carrier. Effective January 1, 2018, the Board will only provide a cash option in lieu of health insurance. Beginning January 1, 2018, $125.00 per month ($1500/year) will be paid to the employee on a per pay basis. The choice is in lieu of health care insurance as described in Section 13.05 of this Master Agreement.
OPTIONS TO HEALTH INSURANCE. If any eligible member (permanently assigned, full-time six hours or more per day) does not participate in the Board's hospitalization. Only members enrolled before 1 July, 2001 are eligible for Plan One. PLAN ONE
A. Additional Death benefit $50,000.00 A D & D.
B. Vision insurance at maximum amounts provided above or an additional $5.00 per month added to C below.
C. $75.00 per month tax-deferred annuity. The annuity will be selected by the member from among the Board approved carriers. The payment will be made in January and June. Beginning September 1, 2007, there shall only be a $70.00 per month tax-deferred annuity.
D. Preferred Rx coverage $10.00 generic co-pay effective September 1, 2007 and $20.00 name brand co-pay effective September 1, 2007 with rider MOPD ($7.50 generic and $15.00 name brand). or, PLAN TWO: A. Additional Death benefit $50,000.00 A D & D.
OPTIONS TO HEALTH INSURANCE. If any eligible member (permanently assigned, full-time six hours or more per day) does not participate in the Board's hospitalization A. Additional Death benefit $50,000.00 A D & D.
OPTIONS TO HEALTH INSURANCE. Employees not wishing health care protection may apply the equivalent of an individual employee’s HMS Comprehensive Blue Cross/Blue Shield plan (paragraph A 1) premium toward the following options:
OPTIONS TO HEALTH INSURANCE. For the 2014-2015 fiscal year, it is agreed that Teachers not electing health insurance coverage may apply up to 85% of the monthly MESSA ABC Plan 1 single subscriber premium as defined within this agreement toward optional tax-free coverage.
OPTIONS TO HEALTH INSURANCE. Teachers not electing health insurance coverage may apply up to the amount of the monthly Choices II single subscriber premium as defined within this agreement toward optional tax-free coverage. Any difference between the monthly cost of any optional tax-free coverage elected and the monthly Choices II single subscriber premium rate shall be paid to the teacher in cash by way of the Section 125 Plan adopted and maintained by the Board that appears as Appendix F in this Agreement. Each teacher not electing health insurance shall complete the Benefit Election Form found in Appendix D of this Agreement. Teachers may also elect to have part or all of the cash benefit paid to their tax-deferred annuity plan (up to the limits set forth by the Tax Code for annuity plans). Annuity plans shall be limited to the following companies: MEA-Financial Services, Xxxxx, Washington National, Xxxxxx, Metropolitan and any other company approved by the Board. If a husband and wife are both members of the bargaining unit, no more than one shall elect health insurance coverage; the other shall elect the optional coverage described above.
OPTIONS TO HEALTH INSURANCE. Employees not wishing health care protection who did apply the equivalent of an individual employee’s MESSA Choice II Plan premium in Current Contract paragraph A(1) toward the options in Current Contract B and who have received payment for the 2012-13 school year may have been overpaid due to the insurance change effective July 1, 2013. Any overpayment by the district shall be deducted from any 2013-14 payment for options described in B. If the teacher has opted for health insurance in 2013-14, the overpayment will be deducted from the teacher’s pay via payroll deduction.
