Common use of Premium Reduction Program Clause in Contracts

Premium Reduction Program. The Medical Center will continue to offer a Medical Premium Assistance Program through the duration of this Agreement. Through this benefit, eligible Nurses may receive financial assistance to cover 100% of the cost of their Employer provided medical premiums. Participation in this program is based on total household income and the Federal Poverty Level, as determined by the U.S. Department of Health and Human Services. Employees whose household income is less than 250% of the Federal Poverty Level will be eligible to receive a health insurance plan at no premium cost to the employee for themselves and eligible dependent(s) the first of the month following the approval of their application.

Appears in 1 contract

Samples: Professional Agreement

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Premium Reduction Program. The Medical Center will continue to offer a Medical Premium Assistance Reduction Program through the duration of this Agreement. Through this benefit, eligible Nurses may receive financial assistance to cover 100% of the cost of their Employer provided medical premiums. Participation in this program is based on total household income and the Federal Poverty Level, as determined by the U.S. Department of Health and Human Services. Employees whose household income is less than 250% of the Federal Poverty Level will be eligible to receive a health insurance plan at no premium cost to the employee for themselves and eligible dependent(s) the first of the month following the approval of their application.

Appears in 1 contract

Samples: Professional Services

Premium Reduction Program. The Medical Center will continue to offer offer 7 a Medical Premium Assistance Reduction Program through the duration of this Agreement. Through this 8 benefit, eligible Nurses may receive financial assistance to cover 100% 100 percent of the 9 cost of their Employer provided medical premiums. 10 Participation in this program is based on total household income and the Federal 11 Poverty Level, as determined by the U.S. Department of Health and Human Services. 12 Employees whose household income is less than 250% 250 percent of the Federal Poverty 13 Level will be eligible to receive a health insurance plan at no premium cost to the 14 employee for themselves and eligible dependent(s) the first of the month following the 15 approval of their application.

Appears in 1 contract

Samples: Professional Services

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Premium Reduction Program. The Medical Center will continue to offer a Medical Premium Assistance Reduction Program through the duration of this Agreement. Through this benefit, eligible Nurses may receive financial assistance to cover 100% 100 percent of the cost of their Employer provided medical premiums. Participation in this program is based on total household income and the Federal Poverty Level, as determined by the U.S. Department of Health and Human Services. Employees whose household income is less than 250% 250 percent of the Federal Poverty Level will be eligible to receive a health insurance plan at no premium cost to the employee for themselves and eligible dependent(s) the first of the month following the approval of their application.

Appears in 1 contract

Samples: Professional Services

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