Retiree Health Care Insurance Sample Clauses

Retiree Health Care Insurance. Employees hired on or after January 1, 2007 shall not be eligible to participate in the Retiree Health Care Plan. For full-time employees hired prior to January 1, 2007, upon retirement, those employees who are not Medicare eligible will be eligible for the same health, dental and vision benefits under the same terms and conditions as the County provides for its active employees. At age 65, the retiree must enroll in Part B Medicare Program at his or her own expense. The Employer will thereafter pay the cost of Blue Cross and Blue Shield Master Medical Complimentary Coverage Option 1 or its equivalent coverage. The Employer shall also allow the retiree to include in its group coverage the retiree's spouse in accordance with the following provisions: The Employer shall pre-fund the retiree health care program by establishing a separate fund called the "Retiree Health Care Plan" that will be used for the purpose of paying retiree health care premiums. The Employer shall annually budget sufficient funds as a contribution to the "Retiree Health Care Plan" in accordance with GASB (Governmental Accounting Standards Board). Three percent (3%) of each employee's biweekly base pay shall be deducted from each employee's pay for deposit into the "Retiree Health Care Plan" to assist in the funding of future health care benefits for the retiree and their spouse. If the employee quits or leaves employment with the Employer for any reason prior to becoming eligible for retirement benefits and/or retiree health care benefits, the employee shall be refunded the amount the employee has contributed to the "Retiree Health Care Plan," along with accumulated interest thereon as determined by the Employer. A retiree's spouse who is covered by health care benefits from the spouses' employer shall not be allowed to participate in the Employer sponsored retiree health care program. A retiree and spouse shall be allowed to participate in the retiree health care plan benefit, provided they meet the following requirements: (a) The recipient must be an active retiree of the Employer and must be receiving monthly retirement benefits pursuant to the Midland County Retirement System. (b) Beneficiaries of retirees shall be allowed to continue to receive health care benefits as long as the named beneficiary is covered by the retiree's health care plan at the time of the retiree's death and continues to receive the deceased retiree's retirement allowance. If a deceased retiree's spouse remar...
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Retiree Health Care Insurance. The Township will provide retiree health care coverage for a member at the time of retirement under the following terms and conditions. For purposes of determining retiree health insurance vesting, (i.e., at least twenty-five years of service with the Township) paid on call time with Pittsfield Charter Township shall be included. To be eligible for retiree health care coverage for a member and his/her spouse at the time of retirement (provided he/she remains the spouse) the employee must have 25 or more years of service with the Township, 10 or more of which are after age 45, and be employed by Pittsfield Township prior to December 31, 2007. Retiree health care coverage shall mirror that of existing active employee health care benefits (e.g., retiree benefits change when active employee benefits change). When the eligible retiree or his/her spouse at the time of retirement reaches age sixty-five (65) (or the Medicare eligibility age, if higher), the retiree or spouse must apply for Medicare Coverage (Parts A and B) and pay the applicable premium(s). The retiree or spouse will then be enrolled in a supplemental plan with the Township. The Employer will pay the premium to provide said Township supplemental coverage for the eligible retiree and spouse. A spouse who survives a retired employee is entitled to receive the same benefits as herein provided. For employees hired after December 31, 2007, the Township shall only pay the cost of single subscriber coverage, up to $600 per month. The parties expressly acknowledge that it has been, and will continue to be, the intent of the parties that all active employees, upon retirement, and all current retirees (including covered spouses and dependents) will receive the retirement health benefits (which includes the level of coverage and respective employer-employee/retiree premium share, if any) provided for in the collective bargaining agreement in effect on the date of retirement of the active employee or current retiree. In the event active employees negotiate to eliminate active employee health insurance benefits, retirees will still be provided retiree health insurance at the level in place when active employee health insurance benefits were eliminated. It is the intent of the parties, as expressed herein, that the vested health benefit shall continue after the expiration of the collective bargaining agreement
Retiree Health Care Insurance. The Township will provide retiree health care coverage for a member at the time of retirement under the following terms and conditions. To be eligible for retiree health care coverage for a member and his/her spouse at the time of retirement (provided he/she remains the spouse) the employee must have 25 or more years of service with the Township, 10 or more of which are after age 45, and be employed by Pittsfield Township prior to December 31, 2007. Retiree health care coverage shall mirror that of existing active employee health care benefits (e.g., retiree benefits change when active employee benefits change). When the eligible retiree or his/her spouse at the time of retirement reaches age sixty-five

Related to Retiree Health Care Insurance

  • Health Care Insurance While a faculty member is on an approved leave of this type, the faculty member will be advised regarding the right to continue health care benefits in accordance with COBRA during the period of unpaid absence.

  • Long Term Care Insurance The University offers full-time faculty the opportunity to purchase Long-Term Care Insurance through a voluntary Long-Term Care Insurance policy. Faculty members are responsible for 100% of the premium, which may be remitted through payroll deduction.

  • Vision Care Insurance The District agrees to provide vision care insurance for 39 eligible employees. The Medical Eye Services plan provides one (1) comprehensive 40 examination every twelve (12) consecutive months; two (2) pairs of lenses in any 41 twenty-four (24) consecutive months. Employee is responsible for paying a ten 42 dollar ($10) deductible per calendar year. Prior enrollment in the plan is required. 43

  • 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.

  • Retiree Insurance Retired employees and their dependents shall be entitled to continued coverage under the district sponsored group health insurance program, provided the retired employee makes written application with the clerk of the board of education for such continued coverage within thirty (30) days following the retirement of the employee. Retired employees electing continued coverage shall be required to make the monthly premium payment for such continued coverage in advance of the due date of the premium to the carrier. The premium amount will be determined by the carrier. Such payment shall be made to the Board of Education or directly to the insurance carrier, as may be determined by the board. The coverage under the group health-care benefits will cease at such time as (1) the retired employee attains eligibility for Medicare, (2) the retired employee fails to make the required premium payments on a timely basis, or (3) the retired employee becomes covered or is eligible to be covered under a group plan of another employer. For purposes of this provision, retired means those employees who have terminated employment and are receiving a retirement or disability benefit from K.P.E.R.S.

  • Retiree Medical Insurance Retiree insurance coverage is included within each medical plan for all retirees under the age of 65 years, through self-payment. The Employer shall make available an appropriate medical plan for all eligible retirees ages 65 years or older.

  • Health Care Coverage The Company shall continue to provide Executive with medical, dental, vision and mental health care coverage at or equivalent to the level of coverage that the Executive had at the time of the termination of employment (including coverage for the Executive’s dependents to the extent such dependents were covered immediately prior to such termination of employment) for the remainder of the Term of Employment, provided, however that in the event such coverage may no longer be extended to Executive following termination of Executive’s employment either by the terms of the Company’s health care plans or under then applicable law, the Company shall instead reimburse Executive for the amount equivalent to the Company’s cost of substantially equivalent health care coverage to Executive under ERISA Section 601 and thereafter and Section 4980B of the Internal Revenue Code (i.e., COBRA coverage) for a period not to exceed the lesser of (A) 18 months after the termination of Executive’s employment or (B) the remainder of the Term of Employment, and provided further that (1) any such health care coverage or reimbursement for health care coverage shall cease at such time that Executive becomes eligible for health care coverage through another employer and (2) any such reimbursement shall be made no later than the last day of the calendar year following the end of the calendar year with respect to which such coverage or reimbursement is provided. The Company shall have no further obligations to the Executive as a result of termination of employment described in this Section 8(a) except as set forth in Section 12.

  • Health Care Benefits A. Each regular, full-time employee may elect coverage for himself and his eligible dependents* under one of the following health insurance plans: 1. Blue Cross/Blue Shield of Michigan Flexible Blue 3 with Flexible Blue Rx Prescription Drug Coverage with a Health Savings Account (hereinafter collectively referred to as the “H.S.A Plan”). The Employer shall pay for the illustrated premium cost of this coverage and make an annual contribution to each participating employee’s Health Savings Account in the amount of $500 for those selecting single coverage and $1,000 for those selecting Employee & Spouse, Employee Child(ren) or Family coverage, or the maximum annual amount the Employer is permitted to pay under Section 3 of the Publicly Funded Health Insurance Contribution Act, Public Act 152 of the Michigan Public Acts of 2011, whichever results in the lesser Employer contribution to the cost of such plan. Employees may, at their option, make additional contributions through bi-weekly pre-tax payroll deduction as permitted by applicable law. 2. Blue Cross/Blue Shield of Michigan Community Blue PPO Option 3 Revised Plan with Blue Preferred Rx Prescription Drug Coverage with a 50% co-pay ($5 floor and a $50 ceiling). Employees shall pay the difference between the illustrated premium cost of this coverage and the amount of the Employer’s total contribution towards the cost of coverage under the H.S.A. Plan as described in Section 1 (a) (1), for the same level of benefit (i.e. single, employee/spouse, employee/child(ren) and family), or pay the difference between the total cost of such coverage and the maximum annual amount the Employer is permitted to pay under Section 3 of the Publicly Funded Health Insurance Contribution Act, Public Act 152 of the Michigan Public Acts of 2011, whichever results in the greater employee contribution. 3. Blue Cross/Blue Shield of Michigan Community Blue PPO Option 6 Revised Plan with Blue Preferred Rx Prescription Drug Coverage with a 50% co-pay ($5 floor and a $50 ceiling). Employees shall pay the difference between the illustrated premium cost of this coverage and the amount of the Employer’s total contribution towards the cost of coverage under the H.S.A. Plan as described in Section 1 (a) (1), for the same level of benefit (i.e. single, employee/spouse, employee/child(ren) and family), or pay the difference between the total cost of such coverage and the maximum annual amount the Employer is permitted to pay under Section 3 of the Publicly Funded Health Insurance Contribution Act, Public Act 152 of the Michigan Public Acts of 2011, whichever results in the greater employee contribution. (a) All coverage under any of the foregoing plans shall be subject to such terms, conditions, exclusions, limitations, deductibles, co-payments premium cost-sharing, and other provisions of the plans. Coverage shall commence on the employee’s ninetieth (90th) day of continuous employment. The employee’s contribution to the cost of such coverage shall be payable on a bi-weekly basis through automatic payroll deduction. (b) To qualify for health care benefits as above described each employee must individually enroll and make proper application for such benefits at the Human Resources Department upon the commencement of his regular employment with the Employer. (c) Except as otherwise provided under the Family and Medical Leave Act, when on an authorized unpaid leave of absence of more than two weeks, the employee will be responsible for paying all his benefit costs for the period he is not on the active payroll. Proper application and arrangements for the payment of such continued benefits must be made at the Human Resources Department prior to the commencement of the leave. If such application and arrangements are not made as herein described, the employee's health care benefits shall automatically terminate upon the effective date of the unpaid leave of absence. (d) Except as otherwise provided under this Agreement and/or under COBRA, an employee's health care benefits shall terminate on the date the employee goes on a leave of absence for more than two weeks, terminates, retires or is laid off. Upon return from a leave of absence or layoff, an employee's health care benefits coverage shall be reinstated commencing with the employee's return. (e) An employee who is on layoff or leave of absence for more than two weeks or who terminates may elect under COBRA to continue the coverage herein provided at his own expense. (f) The Employer reserves the right to change a carrier(s), a plan(s), and/or the manner in which it provides the above benefits, provided that the benefits and conditions are equal to or better than the benefits and conditions outlined above. (g) To be eligible for health care benefits as provided above, an employee must document all coverage available to him under his spouse's medical plan and cooperate in the coordination of coverage to limit the Employer's expense. If an employee’s spouse or eligible dependent children work for an employer who provides medical coverage, they are required to elect medical coverage with their employer, so long as the spouse’s or monthly contribution to the premium does not exceed 20% of the total premium cost of said coverage. The Monroe County Plan shall provide secondary coverage. (h) Each employee is responsible for notifying the Human Resources Department of any change in his status, which might affect his insurance coverage or benefits, such as, marriage, divorce, births, adoptions, deaths, etc.

  • HEALTH CARE PLANS ‌ Notwithstanding the references to the Pacific Blue Cross Plans in this article, the parties agree that Employers, who are not currently providing benefits under the Pacific Blue Cross Plans may continue to provide the benefits through another carrier providing that the overall level of benefits is comparable to the level of benefits under the Pacific Blue Cross Plans.

  • Health Overcoming or managing one’s disease(s) as well as living in a physically and emotionally healthy way;

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