Retired Members’ Health Insurance Benefits Sample Clauses

Retired Members’ Health Insurance Benefits. The City will provide retired members of the Warwick Police Department with individual or, for those retirees with eligible dependents, family medical insurance until such member becomes Medicare-eligible or reaches the age of Medicare- eligibility. The medical insurance coverage (i.e. Healthcare Plan) provided under this section shall be the same coverage provided to members of the FOP, pursuant to this collective bargaining agreement between the City and the Lodge (i.e. a Healthcare Plan generally comparable to the plan commonly known as Blue Cross Healthmate Coast to Coast or generally comparable to the plan commonly known as Blue Cross Classic Blue). However, Retired Members’ Healthcare coverage shall not be subject to or administered by an HSA Plan. Provided however, all members of the bargaining unit who were hired by the Police Department on or after July 1, 2015, and who either retire on a regular pension after becoming eligible to retire or who retire on a non-job-related disability pension after the required number of years of service to qualify for Retiree Healthcare coverage, shall receive the same Retiree Healthcare coverage and benefits provided under this Section (H) (i.e. the Retiree Healthcare Plan with Prescription Drug rider described in this Section [H]) but for individual coverage only. Such retired members will be allowed to purchase, at the retired member's expense, spousal or family coverage at the City's rate. Any members of the bargaining unit who were hired by the Police Department on or after July 1, 2015 and who retire on a job-related / service-connected disability pension, shall be eligible to receive individual, spousal, or family Retiree Healthcare coverage.
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Retired Members’ Health Insurance Benefits. The City will provide retired members of the Warwick Police Department with individual or, for those retirees with eligible dependents, family medical insur- ance until such member becomes Medicare-eligible or reaches the age of Medicare-eligibility. The medical insurance coverage provided under this sec- tion shall be the same coverage provided to members of the FOP, pursuant to this collective bargaining agreement between the City and the Lodge. Not- withstanding the foregoing, in the event that a retired member of the Warwick Police Department and/or his or her spouse has comparable medical insur- ance available from and comparably paid for by another employer or former employer, then that retired member and/or his or her spouse, shall not be en- titled to medical insurance coverage set forth herein. Such alternative com- parable coverage shall be deemed to be available to the retired member and/or his or her spouse in the event the retired member and/or his or her spouse decline to elect such coverage for any reason where it is available, in- cluding, but not limited to, declination in order to take advantage of a dual- coverage bonus or other compensation for seeking coverage from another source such as the City. However, if the coverage obtained elsewhere be- comes no longer available, coverage through the City shall resume upon noti- fication by the retired member or his or her spouse.‌ The health insurance plans provided to Retired Members shall provide a Pre- scription Drug rider capping members’ out-of-pocket expenses for Prescrip- tion Drug costs at an annual maximum of $300 per member and/or $600 per family. Retired Members covered by a City health insurance plan shall not be re- quired to pay a Health Insurance Contribution Payment, such as the payment required of Active Members. After a retired member becomes Medicare-eligible, the City shall provide said retired member with an individual plan and for those retirees with eligible spouses, additionally, a spousal Medicare Supplement plan under Blue Cross Blue Shield Group Plan 65 Medicare Supplemental coverage with a corres- ponding Prescription Plan.
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Related to Retired Members’ Health Insurance Benefits

  • Health Insurance Benefits To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s current group health insurance policies, Executive will be eligible to continue Executive’s group health insurance benefits at Executive’s own expense. If Executive timely elects continued coverage under COBRA, the Company shall pay Executive’s COBRA premiums, and any applicable Company COBRA premiums, necessary to continue Executive’s then-current coverage for a period of 18 months after the date of Executive’s termination of employment; provided, however, that any such payments will cease if Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such premiums. Executive agrees to immediately notify the Company in writing of any such enrollment. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot provide the foregoing benefit without potentially incurring financial costs or penalties under applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable monthly amount to continue his group health insurance coverage in effect on the date of separation from service (which amount shall be based on the premium for the first month of COBRA coverage), which payments shall be made regardless of whether Executive elects COBRA continuation coverage and shall commence in the month following the month in which Executive incurs a separation from service and shall end on the earlier of (x) the date on which Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such amounts and (y) 18 months after the date of Executive’s separation from service.

  • Retiree Health Benefits 1. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3.

  • Retiree Health Insurance Retired members of the Department receiving, or to receive City of Lincoln monthly pension checks, may participate in the group comprehensive health care plan for active City employees, provided that each retiree so desiring will execute the required forms in a timely fashion, and further provided that each retiree will be required to pay the full monthly cost at the current rates subject to any rate increases which may occur from time to time. Such payment will be made by payroll deduction from pension checks, or by direct payment in the case of an early retiree.

  • Health Benefits The method for determining the Employer bi-weekly contributions to the cost of employee health insurance programs under the Federal Employees Health Benefits Program (FEHBP) will be as follows:

  • Medical Benefits The Company shall reimburse the Employee for the cost of the Employee's group health, vision and dental plan coverage in effect until the end of the Termination Period. The Employee may use this payment, as well as any other payment made under this Section 6, for such continuation coverage or for any other purpose. To the extent the Employee pays the cost of such coverage, and the cost of such coverage is not deductible as a medical expense by the Employee, the Company shall "gross-up" the amount of such reimbursement for all taxes payable by the Employee on the amount of such reimbursement and the amount of such gross-up.

  • Layoff Benefits All rights to which a certificated employee was entitled at the time of his/her layoff including unused accumulated sick leave and credits toward leave eligibility will be restored to the certificated employee upon his/her return to active employment, and the certificated employee will be placed upon the proper step of the salary schedule for the certificated employee's current position according to the certificated employee's experience and education.

  • Supplementary Employment Insurance Benefits (1) Birth mothers who are entitled to maternity leave and who have applied for and are in receipt of Employment Insurance benefits are eligible to receive XXXX Plan payments.

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