Prepaid Prescription Program. 1. The Board shall provide a prepaid prescription program on a co-pay basis. It is understood that "co-pay" signifies the employee pays BRAND GENERIC MAIL ORDER 2006-2007 $30.00 $15.00 $10.00 2007-2008 $30.00 $15.00 $10.00 2008-2009 $30.00 $15.00 $10.00 per claim submitted. The Board shall pay the single rate for all employees plus the cost of appropriate dependent coverage.
2. Provisions and descriptions of the prescription program shall be provided to each teacher. This shall include the conditions and limits of coverage. A $500 CAP per covered individual shall be in place from January thru June and a second $500 CAP per covered individual shall be in place from July thru December of each year of the contract.
3. The prescription insurance carrier may be selected by the Board. However, any change in carrier must be for a program which is equal or better than the one currently in existence. In the event the Board would effect any change in the insurance carrier, it is agreed that there will be no lapse of coverage for employees at the time of change nor will there be any decreases in the type of coverage or benefits.
4. Any employee who chooses to waive this coverage and who shall provide evidence of alternate coverage shall receive an additional stipend in the amount of 35% of the qualified premium. For example, in 2006-2007, stipends would be calculated as follows: If eligible for family coverage 35% of $2,309.52 = $808.33 If eligible for husband/wife coverage 35% of $2,286.60 = $800.31 If eligible for parent/child coverage 35% of $1,302.48 = $455.86 If eligible for single coverage 35% of $ 975.48 = $341.41 One half of this amount will be remitted to the employee by January 15 and 1/2 by July
Prepaid Prescription Program. 1. The Board shall provide a prepaid prescription program on a co-pay basis. It is understood that "co-pay" signifies the employee pays BRAND GENERIC MAIL ORDER 2002-2003 $15.00 $10.00 $5.00 2003-2004 $20.00 $10.00 $5.00 2004-2005 $20.00 $10.00 $5.00 per claim submitted. The Board shall pay the single rate for all employees plus the cost of appropriate dependent coverage.
2. Provisions and descriptions of the prescription program shall be provided to each teacher. This shall include the conditions and limits of coverage. A $500 CAP per covered individual shall be in place from January thru June and a second $500 CAP per covered individual shall be in place from July thru December of each year of the contract.
3. The prescription insurance carrier may be selected by the Board. However, any change in carrier must be for a program which is equal or better than the one currently in existence. In the event the Board would effect any change in the insurance carrier, it is agreed that there will be no lapse of coverage for employees at the time of change nor will there be any decreases in the type of coverage or benefits.
4. Any employee who chooses to waive this coverage and who shall provide evidence of alternate coverage shall receive an additional stipend in the amount of 35% of the qualified premium. For example, in 2002-2003, stipends would be calculated as follows: 2002-2003 AEstimate@ If eligible for family coverage 35% of $1,490.76 = $521.77 If eligible for husband/wife coverage 35% of $1,476.00 = $516.60 If eligible for parent/child coverage 35% of $ 840.60 = $294.21 If eligible for single coverage 35% of $ 629.88 = $220.46 One half of this amount will be remitted to the employee by January 15 and 1/2 by July 15. Notification of the insurance waiver by the employee to the school business administrator must be made by June 1 or December 1.
5. Reenrollment may only occur on January 1 or July 1 by providing written notification to the school business administrator 30 days prior to the effective date of the requested change.
