Common use of Premium Share Clause in Contracts

Premium Share. Effective July 1, 2020, members’ health care premium share will be as follows below: Contract Year Employee Share Medical Plan Employer HSA Funding HSA Funding Date to be Paid July 1, 2020 – June 30, 2021 16% Century Preferred PPO Plan Only July 1, 2021 – June 30, 2022 10% HDHP 100% To be paid in full on August 1, 2021 July 1, 2022 – June 30, 2023 10% HDHP 60% To be paid twice annually as follows: the first payroll following August 1 and January 1 July 1, 2023 – June 30, 2024 14% HDHP 50% To be paid twice annually as follows: the first payroll following August 1 and January 1 Premium cost sharing for health insurance benefits as provided under the terms of this agreement for eligible part-time employees will be forty five percent (45%) for the duration of this Agreement. The employee shall pre-pay cost-sharing premiums per current practice.

Appears in 1 contract

Samples: Agreement

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Premium Share. Effective July 1, 20202021, members’ health care premium share will be as follows below: Contract Year Employee Share Medical Plan Employer HSA Funding HSA Funding Date to be Paid July 1, 2020 2021 – June 30, 2021 2022 16% Century Preferred PPO Plan Only July 1, 2021 2022 – June 30, 2022 2023 10% HDHP 100% To be paid in full on August 1, 2021 2022 Contract Year Employee Share Medical Plan Employer HSA Funding HSA Funding Date to be Paid July 1, 2022 2023 – June 30, 2023 2024 10% HDHP 60% To be paid twice annually as follows: the first payroll following August 1 and January 1 July 1, 2023 2024 – June 30, 2024 2025 14% HDHP 50% To be paid twice annually as follows: the first payroll following August 1 and January 1 Premium cost sharing for health insurance benefits as provided under the terms of this agreement for eligible part-time employees will be forty five percent (45%) for the duration of this Agreement. The employee shall pre-pay cost-sharing premiums per current practice.1

Appears in 1 contract

Samples: Agreement Between Town of Rocky Hill And

Premium Share. Effective July 1, 20202022, members’ health care premium share will be as follows below: Contract Year Employee Share Medical Plan Employer HSA Funding HSA Funding Date to be Paid July 1, 2020 – June 30, 2021 16% Century Preferred PPO Plan Only July 1, 2021 – June 30, 2022 10% HDHP 100% To be paid in full on August 1, 2021 July 1, 2022 – June 30, 2023 10% HDHP 6050% To be paid twice annually as follows: the first payroll following August 1 and January 1 July 1, 2023 – June 30, 2024 1410% HDHP 50% To be paid twice annually as follows: the first payroll following August 1 and January 1 Premium cost sharing for health insurance benefits July 1, 2024 – June 30, 2025 12% 50% To be paid twice annually as provided under follows: the terms of this agreement for eligible part-time employees will first payroll following August 1 and January 1 July 1, 2025 – June 30, 2026 12% 50% To be forty five percent (45%) for paid twice annually as follows: the duration of this Agreement. The employee shall pre-pay cost-sharing premiums per current practice.first payroll following August 1 and January 1

Appears in 1 contract

Samples: Agreement

Premium Share. Effective July 1, 2020, members’ health care premium share will be as follows below: Contract Year Employee Share Medical Plan Employer HSA Funding HSA Funding Date to be Paid July 1, 2020 – June 30, 2021 16% Century Preferred PPO Plan Only July 1, 2021 – June 30, 2022 1011% HDHP 100% To be paid in full on August 1, 2021 July 1, 2022 – June 30, 2023 1011% HDHP 60% To be paid twice annually as follows: the first payroll following August 1 and January 1 July 1, 2023 – June 30, 2024 1412% HDHP 50% To be paid twice annually as follows: the first payroll following August 1 and January 1 Premium cost sharing for health insurance benefits as provided under the terms of this agreement for eligible partPart-time employees will be forty five percent (45%) for the duration of this Agreementcontinue to contribute per Article 18. The employee shall pre-pay cost-sharing premiums per current practiceSection 5.

Appears in 1 contract

Samples: Agreement

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Premium Share. Effective July 1, 20202021, members’ health care premium share will be as follows below: Contract Year Employee Share Medical Plan Employer HSA Funding HSA Funding Date to be Paid July 1, 2020 2021 – June 30, 2021 2022 16% Century Preferred PPO Plan Only July 1, 2021 2022 – June 30, 2022 2023 10% HDHP 100% To be paid in full on August 1, 2021 2022 July 1, 2022 2023 – June 30, 2023 2024 10% HDHP 60% To be paid twice annually as follows: the first payroll following August 1 and January 1 July 1, 2023 – June 30, 2024 14% HDHP 50% To be paid twice annually as follows: the first payroll following August 1 and January 1 Premium cost sharing for health insurance benefits as provided under the terms of this agreement for eligible part-time employees will be forty five percent (45%) for the duration of this Agreement. The employee shall pre-pay cost-sharing premiums per current practice.

Appears in 1 contract

Samples: Agreement

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