Payment in Lieu of Coverage Sample Clauses

Payment in Lieu of Coverage. A regular, full-time employee who is eligible for health insurance via another source and who executes an affidavit to that effect may elect not to be covered by the health insurance provided under this Article. The decision to waive coverage shall be made once per calendar year, during the 30 day period prior to January 1st of each year. A waiver agreement drafted by the County shall be executed by the employee. In the event the employee elects to forego health insurance, the County shall pay the employee the amount of $100.00 monthly (up to $1,200.00 per year) directly as taxable compensation. The payment shall be made on a monthly basis, on the first payday of the month following coverage. New hires may opt for the health waiver upon hiring into the County. The provisions of the sub-section (c) shall not apply to a husband and wife who are both employees of Xxxxx County. Those employees shall not be permitted to have double health insurance coverage. Employees who are receiving payment as of March 16, 2005 under this sub-section (c) shall be grandfathered. An employee losing health insurance coverage from another source shall notify the County Personnel Department in time so that the employee and dependents, where appropriate, can be re-enrolled in a health care plan beginning the first day of the month following alternate coverage. No pre-existing condition requirement has to be met in this situation. The employee shall be paid through the month in which they were covered under the waiver. Payment to be made the first payday of the month following coverage.
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Payment in Lieu of Coverage. Any active unit member who was eligible, but chooses not to participate in the medical/hospitalization insurance package, who shows proof of insurance from another source, and who signs a waiver from the Employer, shall receive a One Thousand Eight Hundred and No/100 ($1,800.00) Dollars annual contribution, pro rata, to the COUNTY'S qualified deferred compensation plan. An employee who subsequently loses medical/hospitalization coverage from another source shall have the right to obtain medical/hospitalization coverage from the Employer as provided in this Agreement at the earliest date possible after written notice to the Director of Human Resources. Said employee shall be entitled to a prorata contribution to the COUNTY'S qualified deferred compensation plan to date the employee becomes covered by the Employer's medical/hospitalization plan. An employee may waive health insurance only if he/she has health insurance coverage from another source and signs a waiver from the Employer.
Payment in Lieu of Coverage. An eligible retiree as of January 1, of any year, who is eligible for health insurance via another source and who executes an affidavit to that effect may elect not to be covered by the health insurance provided under this Article. The decision to waive coverage shall be made once per calendar year. A waiver agreement drafted by the County shall be executed by the retiree. In the event the retiree elects to forego health insurance, the County shall pay an amount up to twelve hundred dollars $1,200.00) directly to the retiree as taxable compensation. The payment shall be made on an annual basis, as soon as possible after the end of the calendar year. A retiree is eligible for full payment if they have been eligible for County paid health insurance for the prior twelve (12) month period and a new retiree is eligible for a pro-rated payment if they are eligible for County paid health insurance and have retired within the preceding twelve (12) month period. The provisions of this Sub-section (g) shall not apply to a husband and wife who are both retirees (or one employee and one retiree) of the County or of any of the Courts of Xxxxx County. A retiree losing health insurance coverage from another source shall notify the County Personnel Department in time so that the retiree and dependents, where appropriate, can be re-enrolled in a health care plan beginning the first day of the month following alternate coverage. No pre-existing condition requirement has to be met in this situation. The retiree shall be paid a pro-rated payment. Said payment shall be based on the number of months of full time service credited to a retiree from the preceding January 1. Payment shall be made as soon as possible after the end of the calendar year. Retirees eligible for payment in lieu of health insurance and who become deceased shall have a pro- rated payment made to their beneficiary (as determined by MERS). Said payment shall be made as soon as possible after the retiree’s death and shall be based on the number of months of full time service credited to the retiree from the preceding January 1. A retiree who obtains health insurance coverage from another source, and elects not to be covered by the County’s health insurance shall be paid a pro-rated payment. Said payment shall be based on the number of months of full time service credited to a retiree from the time they obtained the alternate coverage until January 1. Payment shall be made as soon as possible after the end of ...
Payment in Lieu of Coverage. Any active unit member who was eligible, but chooses not to participate in the medical/hospitalization insurance package, who shows proof of insurance from another source, and who signs a waiver from the Employer, shall receive a One Thousand Eight Hundred and No/100 ($1,800.00) Dollars annual contribution, pro rata, to the COUNTY'S qualified deferred compensation plan effective after the contract is executed by all the parties in 2003. An employee who subsequently loses medical/hospitalization coverage from another source shall have the right to obtain medical/hospitalization coverage from the Employer as provided in this Agreement at the earliest date possible after written notice to the Director of Human Resources. Said employee shall be entitled to a prorata contribution to the COUNTY'S qualified deferred compensation plan to date the employee becomes covered by the Employer's medical/hospitalization plan. An employee may waive health insurance only if he/she has health insurance coverage from another source and signs a waiver from the Employer.
Payment in Lieu of Coverage. An employee that retires prior to January 1, 2021, and is also receiving payment in lieu of coverage under this section, shall continue to be eligible to receive the payment contained herein. That retiree shall have executed an affidavit prepared by the County to elect not to be covered by the health insurance provided under this Article. In the event that retiree elects to forego health insurance, the County shall pay an amount up to twelve hundred dollars ($1,200.00) directly to them as taxable compensation. The payment shall be made on an annual basis, as soon as possible after the end of the calendar year. A retiree is eligible for full payment if they have been eligible for County paid health insurance for the prior twelve (12) month period. Employees who retire on or after January 1, 2021 shall not be eligible for payment in lieu of coverage upon retirement. after the end of the calendar year. Retirees eligible for payment in lieu of health insurance and who become deceased shall have a pro-rated payment made to their beneficiary (as determined by MERS). Said payment shall be made as soon as possible after the retiree’s death and shall be based on the number of months of full-time service credited to the retiree from the preceding January 1. A retiree who obtains health insurance coverage from another source, and elects not to be covered by the County’s health insurance shall be paid a pro-rated payment. Said payment shall be based on the number of months of full-time service credited to a retiree from the time they obtained the alternate coverage until January 1. Payment shall be made as soon as possible after the end of the calendar year.
Payment in Lieu of Coverage. A regular, full-time employee who is eligible for health insurance via another source and who executes an affidavit to that effect may elect not to be covered by the health insurance provided under this Article. The decision to waive coverage shall be made once per calendar year, during the 30 day period prior to January 1st of each year.
Payment in Lieu of Coverage. 1. If an employee elects to opt out of the health insurance plan, he will be paid 13.5% of the Board’s monthly premium for the plan the employee opted out of (family or single) for each year not enrolled. 2. In the event that the employee has a change in marital status or other qualifying event, the employee may opt to re-enter the Board’s health insurance plan with no penalty or pre-existing conditions attached. The employee foregoes any right to the rest of the opt out payment when he re- enters the Board’s insurance plan at any time during the plan period. 3. Married couples where both spouses are Board employees do not qualify for payment in lieu of coverage unless both the husband and the wife opt not to take the coverage. In the event that the husband and the wife opt out of the health insurance plan, only one family opt out payment will be paid to the couple.
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Payment in Lieu of Coverage. (a) An employee eligible for health care coverage who elects not to participate in the Plan will receive an annual payment of Three thousand Dollars ($3,000.00) in lieu of coverage, provided that the employee completes a waiver of health care coverage form and supplies the District with proof of health care coverage in a plan with a premium not directly paid for by the Elmira Heights Central School District. Payments made pursuant to the provisions of this paragraph will be subject to all mandatory local, state and federal taxes. (b) The payment will be made at the end of the work year in the form of a voucher, with said payment to be in lieu of insurance. (c) An employee who terminates his service before the end of the work year will have his annual payment prorated. (d) An employee who re-enters the Plan once he has elected to receive the annual payment will have his payment prorated. (e) Teachers who are spouses are not entitled to this payment when one spouse takes a plan which covers the other spouse.
Payment in Lieu of Coverage. Full-time employees choosing not to participate in Dental Insurance will receive Two Dollars ($2.00) additional wages each pay period.
Payment in Lieu of Coverage. (a) An employee eligible for health care coverage who elects not to participate in the Plan shall receive an annual payment of seven hundred fifty dollars ($750) in lieu of individual coverage or two thousand five hundred dollars ($2,500) in lieu of family coverage, provided that the employee completes a waiver of health care coverage form and supplies the District with proof of health care coverage in any plan for which the District does not directly pay the premium. Payments made pursuant to the provisions of this paragraph shall be subject to all mandatory local, state and federal taxes. (b) The payment shall be made at the end of the work year in the form of a voucher, with said payment to be in lieu of insurance. (c) An employee who terminates his service before the end of the work year shall have his annual payment prorated. (d) An employee who re-enters the Plan once he has elected to receive the annual payment shall have his payment prorated.
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