Common use of Waiver of Benefits Clause in Contracts

Waiver of Benefits. a. For each plan year (January 1 – December 31) in which an eligible employee does not participate in any of the insurance coverages (medical/Rx, dental and vision), that employee shall receive the sum of one thousand dollars ($1,000) if the employee is waiving single coverage and two thousand dollars ($2,000) if the employee is waiving family coverage. This waiver program is not available to an employee whose spouse also is employed by the Board and enrolled in the insurance coverages. b. It shall be the responsibility of the employee to notify the Treasurer by August 15 of his/her desire to waive medical/Rx, dental and vision insurance coverages. The waiver payment shall be made to the employee in two (2) equal payments, the first on the payday nearest February 1 and the second on the payday nearest August 1. c. The employee shall provide proof of coverage from another provider or source in order to participate in this waiver program. The employee may re-enroll in District-offered insurance coverages upon providing written proof that his/her alternate source of coverage is no longer available. Should the employee re-enroll in the District insurance coverages, waiver payments shall be prorated based on the number of months the employee was not enrolled.

Waiver of Benefits. a. For each plan year (January 1 July – December 31June) in which an eligible employee does not participate in any of the insurance coverages (medical/Rx, dental and vision), that employee shall receive the sum of one thousand dollars ($1,000) if the employee is waiving single coverage and two thousand dollars ($2,000) if the employee is waiving family coverage. This waiver program is not available to an employee whose spouse also is employed by the Board and enrolled in the insurance coverages. b. It shall be the responsibility of the employee to notify the Treasurer by August 15 of his/her desire to waive medical/Rx, dental and vision insurance coverages. The waiver payment shall be made to the employee in two (2) equal payments, the first on the payday nearest February 1 and the second on the payday nearest August 1. c. The employee shall provide proof of coverage from another provider or source in order to participate in this waiver program. The employee may re-enroll in District-offered insurance coverages upon providing written proof that his/her alternate source of coverage is no longer available. Should the employee re-enroll in the District insurance coverages, waiver payments shall be prorated based on the number of months the employee was not enrolled.