Common use of Retiree Coverage Clause in Contracts

Retiree Coverage. The Employer shall provide retirees of the Barberton Police Department who have retired prior to December 30, 2013, reimbursement for any health insurance deductibles or prescription costs paid by the retiree as the result of coverage as provided by the Police and Firemen's Pension and Disability Fund (PFPDF) or any other bona fide-health insurance provider. Said reimbursement, regardless of the amount of deductible imposed by the health care provider, shall not exceed in any calendar year five hundred dollars ($500.00) for single coverage or seven hundred fifty dollars ($750.00) for family coverage. The retiree shall provide the Finance Director with the necessary documentation as provided by the insurance carrier indicating they are the primary insured on the policy and the amount of deductible incurred and paid.

Retiree Coverage. The Employer shall provide retirees of the Barberton Police Department who have retired prior to December 30, 2013, reimbursement for any health insurance deductibles or prescription costs paid by the retiree as the result of coverage as provided by the Police and Firemen's Pension and Disability Fund (PFPDF) or any other bona fide-fide health insurance provider. Said reimbursement, regardless of the amount of deductible imposed by the health care provider, shall not exceed in any calendar year five hundred dollars ($500.00) for single coverage or seven hundred fifty dollars ($750.00) for family coverage. The retiree shall provide the Finance Director with the necessary documentation as provided by the insurance carrier indicating they are the primary insured on the policy and the amount of deductible incurred and paid.