Payment in Lieu of Medical Insurance Sample Clauses

Payment in Lieu of Medical Insurance. Any classified employee eligible for Board paid medical insurance who elects to decline coverage shall be eligible for the following options:
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Payment in Lieu of Medical Insurance. Any certificated employee who is eligible for Board medical insurance and elects to decline coverage shall be eligible for the following: a. An employee eligible for family coverage may decline Board medical insurance and receive $2,000 divided into two equal semi-annual payments. b. An employee eligible for single coverage may decline Board medical insurance coverage and receive $1,000 divided into two equal semi-annual payments. c. District employees who are married to each other are not eligible for payment in lieu of medical coverage if both employees are covered under the District’s plan. d. For purposes of this provision a year shall run from January 1 to December 31. e. Any employee electing to take this insurance option shall receive the first payment within one month of the end of the first six months of participation (July 31) and shall receive the second payment within one month of the end of the second six months of participation (by January 31). f. The payment shall be made automatically to the employee without the requirement of notification to the Board of an employee’s desire to participate in these options; however, should the employee re-enroll in the insurance program during the annual open enrollment period, the payment-in-lieu shall be forfeited. g. The above payments in lieu of medical insurance shall not be subject to STRS contributions but shall be subject to all other applicable taxes. h. Married employees may only participate in the insurance tier that is the least expensive for the District, as determined by the Board.
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Payment in Lieu of Medical Insurance. Any certificated employee who carries Board medical insurance (and all new employees) and elects to decline coverage shall be eligible for the following options: A. An employee carrying family coverage may decline Board medical insurance and receive $2,000, divided into two (2) equal semiannual payments. Said semi-annual payments shall be made with the second pay in March and the second pay in September, including individuals who have resigned since the last semi-annual payment. B. An employee carrying family coverage may elect to take single insurance coverage and receive $1,000, divided into two (2) equal semi-annual payments. Said semi- annual payments shall be made with the second pay in March and the second pay in September, including individuals who have resigned since the last semi-annual payment. C. An employee carrying single coverage may elect to decline Board medical insurance and receive $1,000, divided into two (2) equal semi-annual payments. D. The above options shall apply to district employees who are husband and wife with the exception that one employee must take family coverage or both employees must take single coverage. E. Employees electing to participate in the above insurance options must notify the district treasurer in writing no later than August 1 of any year they wish to decline coverage. An annual reminder will be provided to each employee in advance of the August 1 deadline. F. Any employee who has elected to participate in this insurance option and during the year loses insurance coverage through divorce, death, job loss, layoff, or any event outside the employee’s control which causes loss of insurance shall be provided Board insurance coverage upon notification of the district treasurer. G. This option shall be annual from September 1 to August 31. H. The above payments in lieu of medical insurance shall not be subject to STRS contribution but shall be subject to all other applicable taxes. I. Part-time employees who elect to decline coverage will receive prorated payments.
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Payment in Lieu of Medical Insurance. Any certificated employee who is currently receiving Board medical insurance and elects to decline coverage shall be eligible for payment in lieu of medical insurance in accordance with the following terms. Any newly hired certified employee who waives medical insurance coverage at the time of hire, shall also qualify for payment in lieu according to the following terms. A. An employee eligible for family coverage may decline Board medical insurance and receive $2,000 divided into two equal semi-annual payments. B. An employee eligible for single coverage may decline Board medical insurance coverage and receive $1,000 divided into two equal semi-annual payments. C. Any employee who has elected to participate in this insurance option and during the year loses insurance coverage through divorce, death, job loss, layoff, or any event outside the employee’s control which causes loss of insurance shall be provided Board insurance coverage upon notification of the district Treasurer. D. For purposes of this provision a year shall run from January 1 to December 31. E. Any employee electing to take this insurance option shall receive half payment prior to June 30 and shall receive the second prior to December 30. F. The payment shall be made automatically to the employee without the requirement of notification to the Board of any employee’s desire to participate in these options; however, should the employee re-enroll in the insurance program subsequent to the provisions in item “C” above or during the annual open enrollment period the payment-in-lieu shall be forfeited for the current six-month period. G. The above payments in lieu of medical insurance shall not be subject to STRS contributions but shall be subject to all other applicable taxes.
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Payment in Lieu of Medical Insurance. Any certificated employee who is eligible for Board medical insurance and elects to decline coverage shall be eligible for the following: 1. An employee eligible for medical insurance, through the Board, may decline medical insurance and receive a lump sum of two thousand dollars ($2,000.00) for every complete year in which the employee opts out of the Board’s insurance coverage. The employee shall receive such payment on the 26th pay of the insurance contract year. 2. For district employees who are husband and wife, the Board shall pay 100% of the monthly premium for family health insurance. Such married couples will not be eligible for the two thousand dollars ($2,000.00) outlined in G.1. 3. Any employee who has elected to participate in this insurance option and during the year loses insurance coverage through divorce, death, job loss, layoff or any event outside the employee's control which causes loss of insurance shall be provided Board insurance coverage upon notification to the District Treasurer. 4. For purposes of this provision, a year shall run from September 1 to August 31. 5. The above payment in lieu of medical insurance shall not be subject to STRS contributions but shall be subject to all other applicable taxes. 6. Part-time employees are eligible for this option however on a pro-rated basis.
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Related to Payment in Lieu of Medical Insurance

  • Basic Medical Insurance All regular Employees may choose to be covered by the medical plan for which the British Columbia Medical Plan is the licensed carrier. Benefits and premiums shall be in accordance with the existing policy of the plan. The Employer will pay one hundred percent (100%) of the regular premium.

  • Medical Insurance The Company shall provide to Executive, Executive's spouse and children, at its sole cost, such health, dental and optical insurance as the Company may from time to time make available to its other executive employees.

  • Optical Insurance 1. The Board shall provide Group I employees a vision plan comparable to the VSP 3 plan. 2. The Board shall provide Group II employees a vision plan comparable to the VSP 1 plan.

  • Retiree Medical Insurance Retiree insurance coverage is included within each medical plan for all retirees under the age of 65 years, through self-payment. The Employer shall make available an appropriate medical plan for all eligible retirees ages 65 years or older.

  • Dental Insurance The State agrees to pay one hundred percent (100%) of the employee premium of a dental insurance program for full-time employees. The benefit levels of this program shall provide one hundred percent (100%) coverage for preventive care and eighty percent (80%) coverage for general service care. The State agrees to provide payroll deduction for dental insurance, provided such arrangements are agreed to by the insurance carrier. Dependent coverage will be available provided there is sufficient employee participation in the dental insurance program. Dependent coverage will be at the employees' expense.

  • Commercial Automobile Insurance If the Grantee’s duties include the use of a commercial vehicle, the Grantee shall maintain automobile liability, bodily injury, and property damage coverage. Insuring clauses for both bodily injury and property damage shall provide coverage on an occurrence basis. The Department, its employees, and officers shall be named as an additional insured on any automobile insurance policy. The minimum limits shall be as follows: $200,000/300,000 Automobile Liability for Company-Owned Vehicles, if applicable $200,000/300,000 Hired and Non-owned Automobile Liability Coverage

  • Group Dental Insurance Not available to part-time Station Attendants. Group insurance coverage for temporary full-time employees will be in accordance with XXX #1. Such benefits, once established, are retained even if an employee's status reverts back to part-time, providing that employment has been continuous.

  • Additional Insurance Contractor may obtain additional insurance not required by this Contract.

  • Trauma Insurance All employees will be covered by an Incolink administered lump sum insurance policy providing financial compensation in the event of a major work related (ie. WorkCover) accident resulting in death or permanent total disablement. The full and precise conditions of this cover will be in accordance with the terms of the policy, but in general will provide that, in the event of a workplace accident occurring which results in either the death or total permanent disablement of a worker covered by this Agreement, a lump sum payment as specified below will made. The defined payments are: With dependants $250,000 Without dependants $150,000 This benefit has been agreed to by the company on the grounds that premium costs have been set at $7 per week/worker and will not exceed that amount. In the event of insurance costs rising, it is agreed that the table of defined benefits will be reduced so as to maintain the $7 premium figure. To maintain this cover the company agrees to pay the amounts every week for each employee.

  • TOOL INSURANCE 235. The City agrees to indemnify employees covered under this Agreement for the loss or destruction of the employee's tools subject to the following conditions: 236. 1. These provisions shall apply when an employee's tools are lost or damaged due to fire or theft by burglary while the tools are properly on City property or being used by the employee in the course of City business.

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