Premium Cost Sharing Sample Clauses

Premium Cost Sharing. Employee premium cost sharing shall be by payroll deduction and shall be as follows:

Premium Cost Sharing. For regular full-time and represented seasonal employees the City will pay: • 90% of the tiered monthly premium cost of the medical insurance plan they have selected; • 100% of the premium cost for the dental plan they have selected; and • 100% of the premium for the vision insurance plan, unless the employee is on the City’s HMO plan. Represented seasonal employees shall be entitled to receive the same contribution for insurance benefits as full-time employees while employed.

Premium Cost Sharing. The term "

Premium Cost Sharing. The term “

Premium Cost Sharing. The Employer's share of the premiums referred to in Article 31.01 will be 60% of the premium cost of BC MSP and the Insured Benefit Plan described above. The balance of the cost of the premiums will be deducted from employees' pay. The employee's share of the premiums will be deemed to first be allocated to LTD premium and then to the premium costs generally.

Premium Cost Sharing. A. The term "premium cost" as used herein shall mean the premium rate that each carrier would charge the Board to provide the benefits specified in 8.2 for each level of coverage if the Board had funded those benefits on a fully-insured basis, giving full credibility to actual experiences. The Board shall provide the Association, upon request, with a written statement from each carrier of the premium rate that each carrier would charge the Board to provide the benefits specified in 8.2 for each level of coverage on a fully-insured basis. B. The Board of Education, Connecticut State Partnership Plan (SPP) 2.0, Anthem Blue Cross/Blue Shield, AETNA Life Insurance Company, or such other Third Party Administrator (TPA), mutually agreed to by the Board and Association subject to the provisions of Article 8.2 of this Agreement shall make available to the Association all relevant data regarding the costs and performance of the various insurance plans available under this Agreement. Such data shall include, but not be limited to: the master trust agreement, consultant/TPA reports and/or studies, and premium and/or conventional premium equivalent calculations. Utilization information shall be provided including "network and out of network" providers, frequency of claims, costs, use of network providers, and Usual and Customary Rates (UCR). The Board will also provide to the Association upon request access to any other resources such as consultants which in its sole discretion the Board may engage that can validate current or future costs of the insurance benefits provided under this Collective Bargaining Agreement.

Premium Cost Sharing. Employees shall pay the following percentages of the premium cost for the medical and dental plans. Effective Date Medical HDHP Dental September 1, 2024 16% 16% Employees may elect to participate in the PPO plan; however, such employees shall be responsible for the difference in cost between the Board’s costs for the HDHP/HSA plan exclusive of the Board’s contribution toward the deductible and the PPO plan. Should any Federal Statute or Regulation pertaining to §4908I be mandated triggering the imposition of an excise tax with respect to any of the contractually agreed upon insurance plans offered herein, the parties agree to commence mid-term negotiations on the excise tax in accordance with the Employee Negotiation Act, in which the parties agree to open negotiations over an insurance plan(s) that will reduce the cost of the plan(s) to under the excise tax thresholds or reduce the amount of any applicable excise tax and to negotiate over the employee monetary contributions towards the costs of their insurance coverage. The Board shall pay actively employed employees enrolled in the High Deductible Health Plan who are precluded from participating in an HSA, a cash equivalent in the same amount each year that it contributes into the accounts of employees who do qualify for an HSA. The parties acknowledge that the Board’s contribution toward the funding of the HSA is not an element of the underlying insurance plan, but rather relates to the manner in which the deductible shall be funded for actively employed employees. The Board shall have no obligation to fund any portion of the HDHP deductible for retirees or other individuals upon their separation from employment. A. Group Life Insurance coverage of $75,000, per employee.

Premium Cost Sharing. The City shall pay up to one hundred seven percent (107%) of the average employee’s monthly medical, dental, and vision premiums over the prior calendar year for employees whose health care benefits are governed by the Labor-Management Health Care Committee. Costs above 107% shall be covered by the Rate Stabilization Reserve dollars and once the reserves are exhausted, the City shall pay 85% of the excess costs in healthcare and the employees shall pay 15% of the excess costs in healthcare.

Premium Cost Sharing. The Board shall pay eighty-three and one-half percent (83.5%) in 2014-2015, eighty-two and one-half percent (82.5%) in 2015-2016, and eighty-one and one-half percent (81.5%) in 2016-2017 of the cost of premium coverage. Participating employees shall pay the balance of such cost through payroll deduction.