Common use of Section 125 Premium Conversion Plan Clause in Contracts

Section 125 Premium Conversion Plan. a) Eligible employees shall be provided with a Section 125 Premium Conversion Plan. The purpose of the Plan is to provide employees a choice between paying premiums with either pre-tax salary reductions or after-tax payroll deductions for health insurance, dental insurance, voluntary life (to the IRS specified limit) and accidental death and dismemberment insurance premiums currently maintained for Unit employees or any other program(s) mutually agreed upon by the parties. The amount of the pre-tax salary reduction or after-tax payroll deduction must be equal to the required insurance premium. b) Benefit Plan elections shall not reduce earnable compensation for purposes of calculating benefits or contributions for the San Bernardino County Employees’ Retirement Association. c) To be eligible for this benefit, an employee must be in a regular position and be regularly scheduled to work at least forty (40) hours in a pay period or be on an approved leave pursuant to the FMLA. d) Election of pre-tax salary reductions and after-tax payroll deductions shall be made within thirty (30) days of the initial eligibility period in a manner and on such forms designated by the County Human Resources Employee Benefits and Services Division Chief. Failure to timely submit appropriate paperwork will result in after-tax deductions for all eligible premiums for the remainder of the Plan Year. e) Once a salary reduction has begun, in no event will changes in elections be permitted during the Plan Year except to the extent permitted under Internal Revenue Service rulings and regulations and with the County’s Plan Document. Examples of mid-year qualifying events include: marriage, divorce, birth, adoption, death, over age dependent, loss of student status, your or your spouse’s or domestic partner’s reduction in work hours, loss of spouse’s or domestic partner’s employment, gain or loss of spouse’s or domestic partner’s insurance, relocation outside an HMO network service area, entitlement to Medicare for you or your dependent, significant increase in County Fire sponsored insurance cost during the plan year, loss or gain of Medicare or Medicaid coverage and spouse’s, domestic partner’s or dependent’s open enrollment. The employee must submit request for a change due to a mid-year qualifying event within thirty-one (31) days of the qualifying event. The Human Resources Employee Benefits and Services Division Chief, or designee, will authorize changes as long as the change is made on account of, and consistent with, an employee’s change in status.

Section 125 Premium Conversion Plan. (a) Eligible employees shall be provided with a Section 125 Premium Conversion Plan. The purpose of the Plan is to provide employees a choice between paying premiums with either pre-tax salary reductions or after-tax payroll deductions for health insurance, dental insurance, voluntary life (to the IRS specified limit) and accidental death and dismemberment insurance premiums currently maintained for Unit employees or any other program(s) mutually agreed upon by the parties. The amount of the pre-tax salary reduction or after-tax payroll deduction must be equal to the required insurance premium. (b) Benefit Plan elections shall not reduce earnable compensation for purposes of calculating benefits or contributions for the San Bernardino County Employees’ Retirement Association. (c) To be eligible for this benefit, an employee must be in a regular position and be regularly scheduled to work at least forty fifty-six (4056) hours in a pay period or be on an approved leave pursuant to the FMLAFamily Medical Leave Act. (d) Election of pre-tax salary reductions and after-tax payroll deductions shall be made within thirty sixty (3060) days of the initial eligibility period in a manner and on such forms designated by the County Human Resources Employee Benefits and Services Division Chief. Failure to timely submit appropriate paperwork will result in after-tax deductions for all eligible premiums for the remainder of the Plan Yearyear. (e) Once a salary reduction has begun, in no event will changes in elections be permitted during the Plan Year year except to the extent permitted under Internal Revenue Service rulings and regulations and with the County’s Plan Document. Examples of mid-year qualifying events include: marriage, divorce, birth, adoption, death, over age dependent, loss of student status, your the employee’s or your the employee’s spouse’s or domestic partner’s reduction in work hours, loss of spouse’s or domestic partner’s employment, gain or loss of spouse’s or domestic partner’s insurance, relocation outside an HMO network service area, entitlement to Medicare for you the employee’s or your the employee’s dependent, significant increase in County Fire sponsored insurance cost during the plan Plan year, loss or gain of Medicare or Medicaid coverage and spouse’s, domestic partner’s or dependent’s open enrollment. The employee must submit request for a change due to a mid-year qualifying event within thirty-one sixty (3160) days of the qualifying event. The County’s Human Resources Employee Benefits and Services Division Chief, or designee, will authorize changes as long as the change is made on account of, of and consistent with, with an employee’s change in status.

Section 125 Premium Conversion Plan. (a) Eligible employees shall be provided with a Section 125 Premium Conversion Plan. The purpose of the Plan is to provide employees a choice between paying premiums with either pre-tax salary reductions or after-tax payroll deductions for health insurance, dental insurance, voluntary life (to the IRS specified limit) and accidental death and dismemberment insurance premiums currently maintained for Unit employees or any other program(s) mutually agreed upon by the parties. The amount of the pre-tax salary reduction or after-tax payroll deduction must be equal to the required insurance premium. (b) Benefit Plan elections shall not reduce earnable compensation for purposes of calculating benefits or contributions for the San Bernardino County Employees’ Retirement Association. (c) To be eligible for this benefit, an employee must be in a regular position and be regularly scheduled to work at least forty fifty-six (4056) hours in a pay period or be on an approved leave pursuant to the FMLAFamily Medical Leave Act. (d) Election of pre-tax salary reductions and after-tax payroll deductions shall be made within thirty sixty (3060) days of the initial eligibility period in a manner and on such forms designated by the County County’s Human Resources Employee Benefits and Services Division Chief. Failure to timely submit appropriate paperwork will result in after-tax deductions for all eligible premiums for the remainder of the Plan Yearyear. (e) Once a salary reduction has begun, in no event will changes in elections be permitted during the Plan Year year except to the extent permitted under Internal Revenue Service rulings and regulations and with the County’s Plan Document. Examples of mid-year qualifying events include: marriage, divorce, birth, adoption, death, over age dependent, loss of student status, your the employee’s or your the employee’s spouse’s or domestic partner’s reduction in work hours, loss of spouse’s or domestic partner’s employment, gain or loss of spouse’s or domestic partner’s insurance, relocation outside an HMO network service area, entitlement to Medicare for you the employee’s or your the employee’s dependent, significant increase in County Fire sponsored insurance cost during the plan Plan year, loss or gain of Medicare or Medicaid coverage and spouse’s, domestic partner’s or dependent’s open enrollment. The employee must submit request for a change due to a mid-year qualifying event within thirty-one sixty (3160) days of the qualifying event. The County’s Human Resources Employee Benefits and Services Division Chief, or designee, will authorize changes as long as the change is made on account of, of and consistent with, with an employee’s change in status.

Section 125 Premium Conversion Plan. a) A. Eligible employees shall be provided with a Section 125 Premium Conversion Plan. The purpose of the Plan is to provide employees a choice between paying premiums with either pre-tax salary reductions or after-tax payroll deductions for health insurance, dental insurance, voluntary life (to the IRS specified limit) and accidental death and dismemberment insurance premiums currently maintained for Unit employees or any other program(s) mutually agreed upon by the parties. The amount of the pre-tax salary reduction or after-tax payroll deduction must be equal to the required insurance premium. b) B. Benefit Plan elections shall not reduce earnable compensation for purposes of calculating benefits or contributions for the San Bernardino County Employees’ Retirement Association. c) C. To be eligible for this benefit, an employee must be in a regular position and be regularly scheduled to work at least forty forty-one (4041) hours in a pay period or be on an approved leave pursuant to the FMLAFamily Medical Leave Act. d) D. Election of pre-tax salary reductions and after-tax payroll deductions shall be made within thirty (30) days of the initial eligibility period in a manner and on such forms designated by the County Human Resources Employee Benefits and Services Division Chief. Failure to timely submit appropriate paperwork will result in after-tax deductions for all eligible premiums for the remainder of the Plan Year. e) E. Once a salary reduction has begun, in no event will changes in elections be permitted during the Plan Year except to the extent permitted under Internal Revenue Service rulings and regulations and with the County’s Plan Document. Examples of mid-year qualifying events include: marriage, divorce, birth, adoption, death, over age overage dependent, loss of student status, your or your spouse’s or domestic partner’s reduction in work hours, loss of spouse’s or domestic partner’s employment, gain or loss of spouse’s or domestic partner’s insurance, relocation outside an HMO network service area, entitlement to Medicare for you or your dependent, significant increase in County Fire sponsored District insurance cost during the plan year, loss or gain of Medicare Medi-Cal or Medicaid coverage and spouse’s, domestic partner’s or dependent’s open enrollment. The employee must submit request for a change due to a mid-year qualifying event within thirty-one thirty (3130) days of the qualifying event. The Changes will be authorized by the County Human Resources Employee Benefits and Services Division Chief, or his/her designee, will authorize changes as long as the change is made on account of, and of or consistent with, with an employee’s change in status.

Section 125 Premium Conversion Plan. (a) Eligible employees shall be provided with a Section 125 Premium Conversion Plan. The purpose of the Plan is to provide employees a choice between paying premiums with either pre-tax salary reductions or after-tax payroll deductions for health insurance, dental insurance, voluntary life (to the IRS specified limit) and accidental death and dismemberment insurance premiums currently maintained for Unit employees or any other program(s) mutually agreed upon by the parties. The amount of the pre-tax salary reduction or after-tax payroll deduction must be equal to the required insurance premium. (b) Benefit Plan elections shall not reduce earnable compensation for purposes of calculating benefits or contributions for the San Bernardino County Employees’ Retirement Association. (c) To be eligible for this benefit, an employee must be in a regular position and be regularly scheduled to work at least forty fifty-six (4056) hours in a pay period or be on an approved leave pursuant to the FMLAFamily Medical Leave Act. (d) Election of pre-tax salary reductions and after-tax payroll deductions shall be made within thirty (30) days of the initial eligibility period in a manner and on such forms designated by the County Human Resources Employee Benefits and Services Division Chief. Failure to timely submit appropriate paperwork will result in after-tax deductions for all eligible premiums for the remainder of the Plan Yearyear. (e) Once a salary reduction has begun, in no event will changes in elections be permitted during the Plan Year year except to the extent permitted under Internal Revenue Service rulings and regulations and with the County’s Plan Document. Examples of mid-year qualifying events include: marriage, divorce, birth, adoption, death, over age dependent, loss of student status, your the employee’s or your the employee’s spouse’s or domestic partner’s reduction in work hours, loss of spouse’s or domestic partner’s employment, gain or loss of spouse’s or domestic partner’s insurance, relocation outside an HMO network service area, entitlement to Medicare for you the employee’s or your the employee’s dependent, significant increase in County Fire sponsored insurance cost during the plan Plan year, loss or gain of Medicare or Medicaid coverage and spouse’s, domestic partner’s or dependent’s open enrollment. The employee must submit request for a change due to a mid-year qualifying event within thirty-one thirty (3130) days of the qualifying event. The County’s Human Resources Employee Benefits and Services Division Chief, or designee, will authorize changes as long as the change is made on account of, of and consistent with, with an employee’s change in status.