Common use of Single Coverage Clause in Contracts

Single Coverage. High Deductible with HRA (VEBA): The school district shall provide monthly a sum of money toward the premium for individual coverage for eligible employees of the school district who qualify for and are enrolled in the school district’s high deductible group health and hospitalization plan. In addition, the school district will make a contribution on behalf of such employees to a Health Reimbursement Arrangement (HRA) established by the district in accordance with IRS Notice 2002-45 and Revenue Ruling 2002-41, from which employees may obtain reimbursement of expenses for medical care (as that term is defined in Section 213(d) of the Internal Revenue Code). The sums provided by the school district shall be as follows: Premium contribution: $692.00 per month HRA (VEBA) contribution: $ 50.00 per month Total District Contribution: $742.00 per month Premium contribution: $706.00 per month HRA (VEBA) contribution: $ 50.00 per month Total District Contribution: $756.00 per month If the 2019-20 premium is greater than $692.00 per month, the district contribution to the premium will be increased (up to $742.00 per month) to match the actual cost per month, and the HRA (VEBA) contribution will decrease so that the total of both contributions equals, but does not exceed, $742.00 per month. Conversely, if the 2019-20 premium is less than $692.00 per month, the district contribution to the premium will be reduced to match the actual cost per month, and the HRA (VEBA) contribution will increase so that the total of both contributions equal $742.00 per month. If the cost of the premium exceeds the district’s total contribution, the difference in cost shall be borne by the employee and paid by payroll deduction. If the 2020-21 premium is greater than $706.00 per month, the district contribution to the premium will be increased (up to $756.00 per month) to match the actual cost per month, and the HRA (VEBA) contribution will decrease so that the total of both contributions equals, but does not exceed, $756.00 per month. Conversely, if the 2020-21 premium is less than $706.00 per month, the district contribution to the premium will be reduced to match the actual cost per month, and the HRA (VEBA) contribution will increase so that the total of both contributions equal $756.00 per month. If the cost of the premium exceeds the district’s total contribution, the difference in cost shall be borne by the employee and paid by payroll deduction.

Single Coverage. High Deductible with HRA (VEBA): The school district shall provide monthly a sum of money toward the premium for individual coverage for eligible employees of the school district who qualify for and are enrolled in the school district’s high deductible group health and hospitalization plan. In addition, the school district will make a contribution on behalf of such employees to a Health Reimbursement Arrangement (HRA) established by the district in accordance with IRS Notice 2002-45 and Revenue Ruling 2002-41, from which employees may obtain reimbursement of expenses for medical care (as that term is defined in Section 213(d) of the Internal Revenue Code). The sums provided by the school district shall be as follows: Premium contribution: $692.00 per month HRA (VEBA) contribution: $ 50.00 per month Total District Contribution: $742.00 per month Premium contribution: $706.00 per month HRA (VEBA) contribution: $ 50.00 per month Total District Contribution: $$ 756.00 per month Premium contribution: $ 706.00 per month HRA (VEBA) contribution: $ 50.00 per month Total District Contribution: $ 756.00 per month If the 20192023-20 premium is greater than $692.00 per month, the district contribution to the premium will be increased (up to $742.00 per month) to match the actual cost per month, and the HRA (VEBA) contribution will decrease so that the total of both contributions equals, but does not exceed, $742.00 per month. Conversely, if the 2019-20 premium is less than $692.00 per month, the district contribution to the premium will be reduced to match the actual cost per month, and the HRA (VEBA) contribution will increase so that the total of both contributions equal $742.00 per month. If the cost of the premium exceeds the district’s total contribution, the difference in cost shall be borne by the employee and paid by payroll deduction. If the 2020-21 24 premium is greater than $706.00 per month, the district contribution to the premium will be increased (up to $756.00 per month) to match the actual cost per month, and the HRA (VEBA) contribution will decrease so that the total of both contributions equals, but does not exceed, $756.00 per month. Conversely, if the 20202023-21 24 premium is less than $706.00 per month, the district contribution to the premium will be reduced to match the actual cost per month, and the HRA (VEBA) contribution will increase so that the total of both contributions equal $756.00 per month. If the cost of the premium exceeds the district’s total contribution, the difference in cost shall be borne by the employee and paid by payroll deduction. If the 2024-25 premium is greater than $706.00 per month, the district contribution to the premium will be increased (up to $756.00 per month) to match the actual cost per month, and the HRA (VEBA) contribution will decrease so that the total of both contributions equals, but does not exceed, $756.00 per month. Conversely, if the 2024-25 premium is less than $706.00 per month, the district contribution to the premium will be reduced to match the actual cost per month, and the HRA (VEBA) contribution will increase so that the total of both contributions equal $756.00 per month. If the cost of the premium exceeds the district’s total contribution, the difference in cost shall be borne by the employee and paid by payroll deduction.

Single Coverage. High Deductible with HRA (VEBA): The school district shall provide monthly a sum of money toward the premium for individual coverage for eligible employees of the school district who qualify for and are enrolled in the school district’s high deductible group health and hospitalization plan. In addition, the school district will make a contribution on behalf of such employees to a Health Reimbursement Arrangement (HRA) established by the district in accordance with IRS Notice 2002-45 and Revenue Ruling 2002-41, from which employees may obtain reimbursement of expenses for medical care (as that term is defined in Section 213(d) of the Internal Revenue Code). The sums provided by the school district shall be as follows: Premium contribution: $692.00 per month HRA (VEBA) contribution: $ 50.00 per month Total District Contribution: $742.00 per month Premium contribution: $706.00 per month HRA (VEBA) contribution: $ 50.00 per month Total District Contributiondistrict contribution: $$ 756.00 per month Premium contribution: $ 706.00 per month HRA (VEBA) contribution: $ 50.00 per month Total district contribution: $ 756.00 per month If the 20192022-20 premium is greater than $692.00 per month, the district contribution to the premium will be increased (up to $742.00 per month) to match the actual cost per month, and the HRA (VEBA) contribution will decrease so that the total of both contributions equals, but does not exceed, $742.00 per month. Conversely, if the 2019-20 premium is less than $692.00 per month, the district contribution to the premium will be reduced to match the actual cost per month, and the HRA (VEBA) contribution will increase so that the total of both contributions equal $742.00 per month. If the cost of the premium exceeds the district’s total contribution, the difference in cost shall be borne by the employee and paid by payroll deduction. If the 2020-21 23 premium is greater than $706.00 per month, the district contribution to the premium will be increased (up to $756.00 per month) to match the actual cost per month, and the HRA (VEBA) contribution will decrease so that the total of both contributions equals, but does not exceed, $756.00 per month. Conversely, if the 20202022-21 23 premium is less than $706.00 per month, the district contribution to the premium will be reduced to match the actual cost per month, and the HRA (VEBA) contribution will increase so that the total of both contributions equal $756.00 per month. If the cost of the premium exceeds the district’s total contribution, the difference in cost shall be borne by the employee and paid by payroll deduction. If the 2023-24 premium is greater than $706.00 per month, the district contribution to the premium will be increased (up to $756.00 per month) to match the actual cost per month, and the HRA (VEBA) contribution will decrease so that the total of both contributions equals, but does not exceed, $756.00 per month. Conversely, if the 2023-24 premium is less than $706.00 per month, the district contribution to the premium will be reduced to match the actual cost per month, and the HRA (VEBA) contribution will increase so that the total of both contributions equal $756.00 per month. If the cost of the premium exceeds the district’s total contribution, the difference in cost shall be borne by the employee and paid by payroll deduction.

Single Coverage. High Deductible with HRA (VEBA): The school district shall provide monthly a sum of money toward the premium for individual coverage for eligible employees of the school district who qualify for and are enrolled in the school district’s high deductible group health and hospitalization plan. In addition, the school district will make a contribution on behalf of such employees to a Health Reimbursement Arrangement (HRA) established by the district in accordance with IRS Notice 2002-45 and Revenue Ruling 2002-41, from which employees may obtain reimbursement of expenses for medical care (as that term is defined in Section 213(d) of the Internal Revenue Code). The sums provided by the school district shall be as follows: Premium contribution: $692.00 611.00 per month HRA (VEBA) contribution: $ 50.00 per month Total District Contribution: $742.00 661.00 per month Premium contribution: $706.00 637.00 per month HRA (VEBA) contribution: $ 50.00 per month Total District Contribution: $756.00 687.00 per month If the 20192017-20 18 premium is greater than $692.00 611.00 per month, the district contribution to the premium will be increased (up to $742.00 661.00 per month) to match the actual cost per month, and the HRA (VEBA) contribution will decrease so that the total of both contributions equals, but does not exceed, $742.00 661.00 per month. Conversely, if the 20192017-20 18 premium is less than $692.00 611.00 per month, the district contribution to the premium will be reduced to match the actual cost per month, and the HRA (VEBA) contribution will increase so that the total of both contributions equal $742.00 661.00 per month. If the cost of the premium exceeds the district’s total contribution, the difference in cost shall be borne by the employee and paid by payroll deduction. If the 20202018-21 2019 premium is greater than $706.00 637.00 per month, the district contribution to the premium will be increased (up to $756.00 687.00 per month) to match the actual cost per month, and the HRA (VEBA) contribution will decrease so that the total of both contributions equals, but does not exceed, $756.00 687.00 per month. Conversely, if the 20202018-21 2019 premium is less than $706.00 637.00 per month, the district contribution to the premium will be reduced to match the actual cost per month, and the HRA (VEBA) contribution will increase so that the total of both contributions equal $756.00 687.00 per month. If the cost of the premium exceeds the district’s total contribution, the difference in cost shall be borne by the employee and paid by payroll deduction.

Single Coverage. High Deductible with HRA (VEBA): The school district shall provide monthly a sum of money toward the premium for individual coverage for eligible employees of the school district who qualify for and are enrolled in the school district’s high deductible group health and hospitalization plan. In addition, the school district will make a contribution on behalf of such employees to a Health Reimbursement Arrangement (HRA) established by the district in accordance with IRS Notice 2002-45 and Revenue Ruling 2002-41, from which employees may obtain reimbursement of expenses for medical care (as that term is defined in Section 213(d) of the Internal Revenue Code). The sums provided by the school district shall be as follows: July 1, 2021 to June 30, 2022: Premium contribution: $692.00 per month HRA (VEBA) contribution: $ 50.00 per month Total District Contribution: $742.00 per month Premium contribution: $706.00 per month HRA (VEBA) contribution: $ 50.00 per month Total District Contribution: $$ 756.00 per month July 1, 2022 to June 30, 2023: Premium contribution: $ 706.00 per month HRA (VEBA) contribution: $ 50.00 per month Total District Contribution: $ 756.00 per month If the 20192021-20 premium is greater than $692.00 per month, the district contribution to the premium will be increased (up to $742.00 per month) to match the actual cost per month, and the HRA (VEBA) contribution will decrease so that the total of both contributions equals, but does not exceed, $742.00 per month. Conversely, if the 2019-20 premium is less than $692.00 per month, the district contribution to the premium will be reduced to match the actual cost per month, and the HRA (VEBA) contribution will increase so that the total of both contributions equal $742.00 per month. If the cost of the premium exceeds the district’s total contribution, the difference in cost shall be borne by the employee and paid by payroll deduction. If the 2020-21 22 premium is greater than $706.00 per month, the district contribution to the premium will be increased (up to $756.00 per month) to match the actual cost per month, and the HRA (VEBA) contribution will decrease so that the total of both contributions equals, but does not exceed, $756.00 per month. Conversely, if the 20202021-21 22 premium is less than $706.00 per month, the district contribution to the premium will be reduced to match the actual cost per month, and the HRA (VEBA) contribution will increase so that the total of both contributions equal $756.00 per month. If the cost of the premium exceeds the district’s total contribution, the difference in cost shall be borne by the employee and paid by payroll deduction. If the 2022-23 premium is greater than $706.00 per month, the district contribution to the premium will be increased (up to $756.00 per month) to match the actual cost per month, and the HRA (VEBA) contribution will decrease so that the total of both contributions equals, but does not exceed, $756.00 per month. Conversely, if the 2022-23 premium is less than $706.00 per month, the district contribution to the premium will be reduced to match the actual cost per month, and the HRA (VEBA) contribution will increase so that the total of both contributions equal $756.00 per month. If the cost of the premium exceeds the district’s total contribution, the difference in cost shall be borne by the employee and paid by payroll deduction.

Single Coverage. High Deductible with HRA (VEBA): The school district shall provide monthly a sum of money toward the premium for individual coverage for eligible employees of the school district who qualify for and are enrolled in the school district’s high deductible group health and hospitalization plan. In addition, the school district will make a contribution on behalf of such employees to a Health Reimbursement Arrangement (HRA) established by the district in accordance with IRS Notice 2002-45 and Revenue Ruling 2002-41, from which employees may obtain reimbursement of expenses for medical care (as that term is defined in Section 213(d) of the Internal Revenue Code). The sums provided by the school district shall be as follows: Premium contribution: $692.00 $ 624.00 per month HRA (VEBA) contribution: $ 50.00 per month Total District Contributiondistrict contribution: $742.00 $ 674.00 per month Premium contribution: $706.00 $ 637.00 per month HRA (VEBA) contribution: $ 50.00 per month Total District Contributiondistrict contribution: $756.00 $ 687.00 per month If the 20192020-20 21 premium is greater than $692.00 624.00 per month, the district contribution to the premium will be increased (up to $742.00 674.00 per month) to match the actual cost per month, and the HRA (VEBA) contribution will decrease so that the total of both contributions equals, but does not exceed, $742.00 674.00 per month. Conversely, if the 20192020-20 21 premium is less than $692.00 624.00 per month, the district contribution to the premium will be reduced to match the actual cost per month, and the HRA (VEBA) contribution will increase so that the total of both contributions equal $742.00 674.00 per month. If the cost of the premium exceeds the district’s total contribution, the difference in cost shall be borne by the employee and paid by payroll deduction. If the 2020cost of the premium exceeds the district’s total contribution, the difference in cost shall be borne by the employee and paid by payroll deduction. If the 2021-21 22 premium is greater than $706.00 637.00 per month, the district contribution to the premium will be increased (up to $756.00 687.00 per month) to match the actual cost per month, and the HRA (VEBA) contribution will decrease so that the total of both contributions equals, but does not exceed, $756.00 687.00 per month. Conversely, if the 20202021-21 22 premium is less than $706.00 637.00 per month, the district contribution to the premium will be reduced to match the actual cost per month, and the HRA (VEBA) contribution will increase so that the total of both contributions equal $756.00 687.00 per month. If the cost of the premium exceeds the district’s total contribution, the difference in cost shall be borne by the employee and paid by payroll deduction.