WAIVER BENEFIT. (a) The College agrees to provide unit members, on or about May 1st of each year, the following amounts in exchange for a waiver of health insurance benefits for the year: $500 (for waiver of single coverage) or $1000 (for waiver of family coverage). Part-time unit members shall be eligible for the health insurance waiver benefit determined in the same manner as full-time members.
(b) Written notification to the college must be submitted on or before September 1st, on a form agreed to by the parties annexed to this Agreement as Appendix F. Once such a written waiver notice is submitted, it shall continue in effect unless and until rescinded, in writing, by the bargaining unit member.
(c) It is understood and agreed that any unit member who waives health insurance coverage for any one year may elect coverage for any subsequent year. Such election must be made during the college's open enrollment period.
(d) Notwithstanding the waiver of health insurance coverage by a unit member for any year, the unit member will be permitted re-entry into the college's health plan when a “Qualifying Event” occurs. A qualifying event is defined as marriage, birth, adoption of child, legal guardianship, divorce, death, national support notice, involuntary loss of coverage, and other events as determined by insurance carrier. Some events require proof or documentation.
(e) The actual waiver amount paid to any employee pursuant to this section shall be determined by applying the College's contribution rate for that employee to the appropriate maximum waiver amount noted above.
(f) Prorated waiver payments: employees who submit written notification to the College before the first of any month of their intention to drop the College's coverage shall be credited with a full month for purposes of the waiver beginning with the next full month following notification. Said employees will thereafter receive one-twelfth (1/12th) of the appropriate waiver sum for each full month in which health insurance is waived.
WAIVER BENEFIT. (a) On or about May 1st of each year, the College agrees to provide unit members their waiver benefits of $700 (for waiver of single coverage) or $1400 (for waiver of family coverage), pursuant to Section 13.9 in a separate check, less mandated federal and state deductions. Retirees who are eligible for retiree health insurance coverage under this Agreement shall also be eligible for the waiver benefit under Section 13.9.
(b) Written notification to the college must be submitted on or before September 1st, on a form agreed to by the parties annexed to this Agreement as Appendix E. Once such a written waiver notice is submitted, it shall continue in effect unless and until rescinded, in writing, by the bargaining unit member.
(c) It is understood and agreed that any unit member who waives health insurance coverage for any one year may elect coverage for any subsequent year. Such election must be made during the college's open enrollment period.
(d) Notwithstanding the waiver of health insurance coverage by a unit member for any year, the unit member will be permitted re-entry into the college's health plan where unforeseen events occur which have not resulted from the unit member's fault or negligence. Re-entry shall be subject to any insurance carrier's restrictions which may apply.
(e) For employees hired on or after January 1, 1992, the actual waiver amount paid to any employee pursuant to this section shall be determined by applying the College's contribution rate for that employee to the appropriate maximum waiver amount noted above.
WAIVER BENEFIT. Teachers who do not take Board offered insurance will receive the sum of $2,500 or the maximum amount that would not require the Board to pay any additional tax, or penalty under the Affordable Care Act or its regulations, whichever is less, payable throughout the regular payroll schedule.
