Common use of Premium Sharing Clause in Contracts

Premium Sharing. Eligible bargaining unit members who choose to enroll in the University’s health insurance plan will contribute the following percentages of the Fully Insured Equivalent or such other calculation as detailed in Appendix G or such lesser percentage that the University charges to any other employees, for medical, dental, vision and prescription drug benefits: A) Effective July, 1, 2021 and continuing through June 30, 2022, all bargaining unit members shall contribute fifteen (15) percent of the fully insured equivalent rate for their subscriber selection as detailed in Appendix G (90/10 Plan). Effective July 1, 2022, all bargaining unit members shall contribute eighteen

Premium Sharing. Eligible bargaining unit members who choose to enroll in the University’s health insurance plan will contribute the following percentages of the Fully Insured Equivalent or such other calculation as detailed in Appendix G or such lesser percentage that the University charges to any other employees, for medical, dental, vision and prescription drug benefits: A) Effective July, August 1, 2021 2024 and continuing through June 30, 20222025, all employees will contribute via payroll deduction nineteen percent (19%) of the cost of Employee Only, Employee plus One B) Payments shall be deducted in equal amounts from each eligible bargaining unit members shall contribute fifteen (15) percent of the fully insured equivalent rate for their subscriber selection as detailed in Appendix G (90/10 Plan). Effective July 1, 2022, all bargaining unit members shall contribute eighteenmember’s paychecks.