Common use of Stipend for Non-Coverage Clause in Contracts

Stipend for Non-Coverage. Employees who are eligible for Board paid medical insurance coverage and who do not elect to take such coverage shall be paid an incentive stipend for each year of non-coverage. Such stipend shall be paid in accordance with the following provisions: 1. To receive a stipend, the employee shall complete a year of non-coverage without electing to take Board paid medical insurance coverage. 2. A year shall be any 12-month period of non-elected coverage. 3. Each employee shall be given the option to either (1) elect medical insurance, or (2) elect the stipend for non-coverage. Once per year, an employee may make a status change in election of non-coverage or insurance. The open enrollment period shall be November 1-November 30 with an effective date of the following January 1. 4. For the 2019 calendar year any association employee who has elected the stipend for non-coverage from August 1, 2019 through December 31, 2019 will receive a prorated stipend. 5. If an employee elects the stipend, and subsequently decides for any reason to re-enroll in the medical insurance provision of the Agreement within a 12-month period, he/she shall be permitted to do so, but shall forfeit any rights to any amount of insurance stipend guaranteed under this agreement. 6. An employee enrolling in the medical insurance after a period of non-coverage shall not be excluded from any coverage, benefits, or service guaranteed to all other covered individuals because of such reenrollment and shall not be subject to any exclusions based on conditions that existed prior to reenrollment. No proof of insurability shall be required for reenrollment. 7. Stipends shall be as follows: a. An employee eligible for family coverage, who elects no coverage, shall be paid a stipend of $1750.00 per 12-month period of non-coverage. However, if 24 or more employees eligible for family coverage elect no coverage, the stipend shall increase to $10,000 per 12-month period of non-coverage. It is further agreed that if 32 or more employees eligible for family coverage elect no coverage, the stipend shall increase $15,000 per 12-month period of non-coverage. b. Payment of such stipend shall be made to each eligible employee no later than thirty (30) days following an employee’s 12-month election of non-coverage, and shall be paid by separate check. If enough employees elect non-coverage to trigger the $10,000 or $15,000 thresholds, such payments shall be paid in 24 installments as part of the regular pay period.

Stipend for Non-Coverage. Employees who are eligible for Board paid medical insurance coverage and who do not elect to take such coverage shall be paid an incentive stipend for each year of non-coverage. Such stipend shall be paid in accordance with the following provisions: 1. To receive a stipend, stipend the employee shall complete a year of non-coverage without electing to take Board paid medical insurance coverage. 2. A year shall be any 12-12 month period of non-elected coverage. 3. Each employee shall be given the option to either (1) elect medical insurance, or (2) elect the stipend for non-coverage. Once per year, an employee may make a status change in election of non-coverage or insurance. The open enrollment period shall be November 1-November 30 with an effective date of the following January 1. 4. For the 2019 calendar year any association employee who has elected the stipend for non-coverage from August 1, 2019 through December 31, 2019 will receive a prorated stipend. 5. If an employee elects the stipend, and subsequently decides for any reason to re-enroll in the medical insurance provision of the Agreement within a 12-12 month period, he/she shall be permitted to do so, but shall forfeit any rights to any amount of insurance stipend guaranteed under this agreement. 65. An employee enrolling in the medical insurance after a period of non-coverage shall not be excluded from any coverage, benefits, or service guaranteed to all other covered individuals because of such reenrollment re- enrollment, and shall not be subject to any exclusions based on conditions that existed prior to reenrollmentre- enrollment. No proof of insurability shall be required for reenrollmentre-enrollment. 76. Stipends shall be as follows: a. A. An employee eligible for family coverage, who elects no coverage, shall be paid a stipend of $1750.00 per 12-12 month period of non-coverage. However, However if 24 30 or more employees eligible for family coverage elect no coverage, the shall be paid a stipend shall increase to of $10,000 5,000 per 12-month period of non-coverage. It is further agreed that if 32 or more employees eligible for family coverage elect no coverage, the stipend shall increase $15,000 per 12-12 month period of non-coverage. b. B. Payment of such stipend shall be made to each eligible employee no later than thirty (30) days following an employee’s 12-12 month election of non-coverage, and shall be paid by separate check. If enough employees elect non-coverage to trigger the $10,000 or $15,000 thresholds, such payments shall be paid in 24 installments as part of the regular pay period.