Premium Contribution Rates for Non-Negotiated Health Plans. (a) To the extent (if any) that the Company chooses to offer a separate, non-negotiated alternative Health plan or plans and an eligible employee chooses to participate in a non-negotiated Health plan in lieu of the NECA Health Plan: • Company and employee premium contribution rates will be the same as those for the NECA Health Plan, provided, however, that the Company contribution toward the non- negotiated plan premium shall not exceed the equivalent of the Company premium contribution towards the NECA Health Plan for the enrollment tier selected by the employee. • The employee is responsible for any premium cost above and beyond the Company contribution for the NECA Health Plan – in others words, the non-negotiated plan will be a “buy-up” if the premium for the non-negotiated plan is higher than the premium for the NECA Health Plan.
Appears in 8 contracts
Samples: Memorandum of Agreement, Memorandum of Agreement, www.ibew543.org
Premium Contribution Rates for Non-Negotiated Health Plans. (a) To the extent (if any) that the Company chooses to offer a separate, non-negotiated alternative Health plan or plans and an eligible employee chooses to participate in a non-non- negotiated Health plan in lieu of the NECA Health Plan: • Company and employee premium contribution rates will be the same as those for the NECA Health Plan, provided, however, that the Company contribution toward the non- non-negotiated plan premium shall not exceed the equivalent of the Company premium contribution towards the NECA Health Plan for the enrollment tier selected by the employee. • The employee is responsible for any premium cost above and beyond the Company contribution for the NECA Health Plan – in others words, the non-negotiated plan will be a “buy-up” if the premium for the non-non- negotiated plan is higher than the premium for the NECA Health Plan.
Appears in 3 contracts
Samples: Memorandum of Agreement, Memorandum of Agreement, Hourly Savings Plan
