Waiver of Health Benefit Sample Clauses

Waiver of Health Benefit. The District will pay a $750 stipend once a year to bargaining unit members who choose to waive their medical benefits (does not include dental, vision, or life insurance).

Waiver of Health Benefit. Effective July 1, 2018, the District will pay a stipend that equals 15% of the current health benefits cap to bargaining unit members who choose to waive their District-provided medical benefits. In order to qualify for this waiver, the bargaining unit member does not have to waive single coverage, as defined in Section 5.7, of dental or vision plans, or long-term disability, short-term disability or life insurance coverage. 5.6.1 In order to be eligible to receive the stipend, the employee must, by the end of the open enrollment period, submit a health insurance waiver form and provide evidence of dependent coverage on a medical insurance plan. The District will pay the stipend in two installments. The first installment, which will be 60% of the stipend, will be paid no later than 30 days after the close of the open enrollment period. The second installment, which will be 40% of the stipend, will be paid no later than 15 days after the beginning of the school year that begins in the middle of the related plan year to all eligible unit members who are still in active status at the beginning of that school year. By way of example, for the 2023 plan year, the first installment of the stipend (60%) would be paid in November of 2022, and the second installment (40%) would be paid in August of 2023. 5.6.2 For an employee who qualified for the stipend at the time of open enrollment, who then opts for medical coverage later in the plan year due to a life event, the District will pro-rate the stipend based on the number of months the unit member has contributed to the plan for the plan year. For an employee who did not qualify for the stipend at the time of open enrollment, who then waives medical coverage later in the plan year due to a life event, the District will pro-rate the stipend based on the number of months remaining in the plan year, and will pay the stipend in only one installment no later than 30 days after the effective date of the change in coverage. 5.6.3 For an employee who is hired during the plan year, and who waives medical coverage, the District will pro-rate the stipend based on the number of months remaining in the plan year, and will pay the stipend in only one installment no later than 30 days after the effective date of the start of coverage.

Waiver of Health Benefit. Effective July 1, 2018, the District will pay a stipend that equals 15% of the current health benefits cap once a year, no earlier than the close of the open enrollment period, and no later than 30 days after the close of the open enrollment period, to bargaining unit members who choose to waive their District-provided medical benefits. In order to qualify for this waiver, the bargaining unit member does not have to waive single coverage, as defined in Section 5.7, of dental or vision plans, or long-term disability, short-term disability or life insurance coverage. 5.6.1 In order to be eligible to receive the stipend, the employee must provide evidence of dependent coverage on a medical insurance plan. 5.6.2 For an employee who qualified for the stipend at the time of open enrollment, who then opts for medical coverage later in the plan year due to a life event, the District will pro-rate the stipend based on the number of months remaining in the plan year and will adjust the employee’s contributions accordingly. 5.6.3 For an employee who did not qualify for the stipend at the time of open enrollment, who then waives medical coverage later in the plan year due to a life event, the District will pro-rate the stipend based on the number of months remaining in the plan year. 5.6.4 For an employee who is hired during the plan year, and who waives medical coverage, the District will pro-rate the stipend based on the number of months remaining in the plan year.