Premium Only Plan Sample Clauses

Premium Only Plan. The County will administer a Premium Only Plan that will allow an employee to pay for health insurance premiums as permitted by state and federal law, regulations, and guidelines. Under the plan, an employee's gross taxable salary will be reduced by the amount of his or her share of the premium costs of County-provided health insurance coverage as permitted by state and federal law, regulations, and guidelines.
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Premium Only Plan. Employee’s share of medical insurance premiums shall be deducted from employee’s pay with pre-tax dollars as long as such deduction is allowable under the applicable IRS Code. City shall establish an annual enrollment period and each employee must re-enroll annually for either plan noted in a. and/or b. above. City shall have the authority to implement changes to the 125 Programs to comply with changes in applicable IRS laws without having to go through the meet and confer process.
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Premium Only Plan. A. The Authority shall administer a Premium Only Plan (POP) that will allow an employee to pay for health insurance premiums on a pre-tax basis as permitted in the Internal Revenue Code.
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Premium Only Plan. The Board shall establish a Section 125- Premium Only Plan (POP) for any employee contribution for health care benefits. 1. Definition
Sample 1
Premium Only Plan. The District’s contribution shall be 80% of the monthly premium cost of Individual or Family health insurance under the District’s plan. The issue of dealing with health insurance premium increases and costs will be reviewed and addressed by a labor-management committee. The committee will be charged with addressing the issue of saving at least 10% on the health insurance costs which are incurred by the District on an annual basis. Such means of addressing the savings of 10% can be by way of plan modifications or changes, changes of carrier, etc. The labor-management committee will be composed of three members chosen by the Association and three members chosen by the District. The committee will meet to begin its process no later than October 1, 2014 and will work throughout the 2014-2015 school year to address the concerns. If the committee is successful in coming to an agreement on how to achieve the minimum 10% savings on the health costs paid by the District, and such agreement is implemented effective July 1, 2015, the District shall provide a one-time, off-step payment to eligible Association members equivalent to 20% of the District’s health insurance savings divided equally among all eligible employees. For the purpose of this provision, an “eligible employee” is any member of the Association who is otherwise eligible to receive health insurance benefits under the collective bargaining agreement. If the committee is unable to come to an agreement by March 15, 2015 on how to achieve the minimum of 10% savings on the health insurance costs paid by the District, then the recommendations from the Association members on the committee and the District members on the committee will be submitted to Arbitrator Xxxx Xxxxxxx. Arbitrator Xxxx Xxxxxxx will not be able to blend or merge the proposals from the Association representatives on the committee with the District representatives on the committee. Instead, to address the means in which to save the minimum of 10% on the costs the District incurs in providing health insurance to the Association members, Arbitrator Xxxxxxx will have to choose the proposal from either the Association members or the District members. The arbitration hearing on this matter and decision will be rendered prior to June 1, 2015 so that the parties can implement either the joint recommendations of the committee or the Arbitrator’s decision relating to this matter, whichever is applicable. Unit members may elect to have premium contr...
Sample 1

Related to Premium Only Plan

  • Insurance Plan 19.01 The Employer agrees to contribute the indicated percentage of the premium cost of the following group plans for full-time employees (and their families where applicable) who have completed their probationary period.

  • Insurance Plans The Executive is eligible to participate in the life, health, dental, short and long-term disability plans made available to the employees of the Company pursuant to the terms and conditions of such plans.

  • Medical Plan ‌ Eligible employees and dependants shall be covered by the British Columbia Medical Services Plan or carrier approved by the British Columbia Medical Services Commission. The Employer shall pay one hundred percent (100%) of the premium. An eligible employee who wishes to have coverage for other than dependants may do so provided the Medical Plan is agreeable and the extra premium is paid by the employee through payroll deduction. Membership shall be a condition of employment for eligible employees who shall be enrolled for coverage following the completion of three (3) months’ employment or upon the initial date of employment for those employees with portable service as outlined in Article 14.12.

  • Insurance Program An eligible employee may waive rights to participate in either single or family coverage. If an employee waives this benefit, such employee may not revoke the waiver until the next open enrollment period and may be accepted only after medical review by the insurance provider.

  • Group Insurance Plan The carriers, coverage, and terms and conditions of participation under the District’s Group Insurance Plan are subject to change in accordance with the applicable provisions of Title I, Division 4, Chapter 10 of the California Government Code (Section 3500 et seq.) (Xxxxxx‐Milias‐Xxxxx Act). a. The District contracts with CalPERS for health plan coverage for all regular and newly hired employees (eligibility to be defined by the “CalPERS health plan”). Booklets on the insurance plans will be available to all participants. b. Employees may choose from the available plans offered by CalPERS. Additional premiums will be borne by the employee through payroll deductions and paid to CalPERS by the District each month; and the additional cost for monthly premiums will be deducted evenly from the first and second payroll period of each month. To the extent allowed by law, the District will attempt to deduct the employee’s premium contribution from pre‐tax dollars.

  • Insurance Programs 35.1 Fringe Benefits a. The Board agrees to provide the: Individual core plan premium on behalf of each regular full time employee Part-time regular employees may receive pro-rated insurance benefits if eligible by the carrier. b. When an employee and legally recognized spouse are both employed by the district and are eligible for the school district group plan, the district shall, at the employees' option, combine the district's insurance contribution toward the family plan.

  • Coverage Selection Prior to Retirement An employee who retires and is eligible to continue insurance coverage as a retiree may change his/her health or dental plan during the sixty (60) calendar day period immediately preceding the date of retirement. The employee may not add dependent coverage during this period. The change takes effect on the first day of the month following the date of retirement.

  • 401(k) Plan Executive shall be entitled to participate in the Company’s 401K plan in accordance with its terms and conditions.

  • Medical Plans The Employer will maintain the current health (including vision) and dental insurance programs and practices. For Calendar Years 2022 — 2023, the Employer shall contribute 80% of the premium charge for PPO plans, 85% of premium for the EPO plan, 85% of premium for the IHM plan, 80% for the prescription drug plan and 50% for the dental plan.

  • Payment Plans Employees covered by the Samaritan Choice medical insurance plan who have outstanding balances that are payable to Samaritan Health Services for in network, covered, and authorized (if medically necessary) services will be provided payment plan offerings upon request from the employee. The request will be made to Patient Financial Services, and may be directed through the Hospital Patient Financial Counselor. Patient Financial Services will work with employees to identify the appropriate payment arrangement based on the employee financial needs/eligibility. Within 120 days from first patient statement, employees must contact Patient Financial Services and identify themselves as a SHS SEIU member and ask for a payment plan arrangement that does not exceed six percent (6%) of their household income. Such requests will be granted using the existing SHS payment options and funding programs. To be eligible for a payment plan, employees must comply with all requirements for establishing appropriate payment options/eligibility, including the completion of a financial assistance application with supporting documentation. Employees who comply with all terms of the payment plan(s) will not be subject to collections or wage garnishment.

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