Waiver of insurance coverage. Employees may waive all or some insurance coverage by completing a waiver of coverage form.
Waiver of insurance coverage. In accordance with the Board’s insurance plan, regular employees who are receiving full single or family group health coverage and who agree to waive in writing on or before November 15th the right to hospitalization insurance will receive a lump sum payment of Seven Hundred Dollars ($700.00) for waived single coverage and One Thousand ($1000.00) for waived family coverage. Payment for this will be made on the first pay period following completion of the benefit year. An employee may rescind this waiver during the calendar year if the employee has a change in family status that would permit such rescission under the applicable rules of Section 125 of the Internal Revenue Code and its regulation. Upon such rescission, coverage of the employee and the employee’s dependents under the medical plan of the Board shall be determined solely in accordance with the terms and limitations of the medical plan. Any prior separated periods of coverage under the plan will be applied in total towards this Plan’s pre-existing conditions limitations. An employee who rescinds the waiver will receive no payment for the period of time in which the waiver was in effect. For employees newly hired to the district after June 30, 2012, the following shall apply. If two employees are married to each other, they shall be entitled to only one family plan if they have a dependent child or two single plans if there are no dependent children and neither employee is eligible for the waiver of insurance coverage.
Waiver of insurance coverage. Section 1 Full-time Bargaining Unit Members working assigned hours of 1086 or more (excl. extra trips, holidays, and overtime) who are currently enrolled in or otherwise eligible for group health coverage under Article 41, who waive, in writing on or before October 1 of each year, the right to such insurances will receive a lump sum payment of One Thousand ($1,000.00), which payment will be made on the first pay period following completion of that benefit year. In the event 20 full-time employees waive coverage as of October 1, the incentive will increase to $1,500.00 for that school year. In the event more than 25 full-time
Section 2 Part-time Bargaining Unit Members working assigned hours of 720-1086 or more (excl. extra trips, holidays, and overtime) who are currently enrolled in or otherwise eligible for group health coverage under Article 41, who waive, in writing on or before October 1 of each year, the right to such insurances will receive a lump sum payment of Five Hundred ($500.00), which payment will be made on the first pay period following completion of that benefit year. In the event 25 part-time employees waive coverage as of October 1, the incentive will increase to $750.00 for that school year. In the event more than 30 part-time employees waive coverage as of October 1, the incentive will increase to
Section 3 If a bargaining unit member’s spouse is also employed by the Board of Education, the employee and spouse will only be eligible for family coverage under one of the health insurance plans offered by the Board. This in no way prohibits a spouse’s ability to participate in the waiver per Section 1, for employees employed by the District as of July 1, 2000. The waiver in this Section 3 is not available to spouses employed by the Board, effective July 1, 2018.
Section 4 The Board will make the Waiver of Insurance forms available to the Association before the end of each school year. The Association will be responsible for distributing the form to eligible members. The signed forms must be returned to the Personnel Office by October 1.
Waiver of insurance coverage. In accordance with the Board's cafeteria plan, regular employees who agree to waive in writing on or before November 15 of any benefit year the right to such insurances will receive a lump sum payment of Seven Hundred Dollars ($700.00) single and One Thousand Five Hundred Dollars ($1,500.00) family, which payment will be made on the first pay period following completion of the benefit year. An employee may rescind this waiver during the calendar year if the employee has a change in family status that would permit such rescission under the applicable rules of Section 125 of the Internal Revenue Code and its regulations. Upon such rescission, coverage of the employee and the employee's dependents under the medical plan of the Board shall be determined solely in accordance with the terms and limitations of the medical plan. Any prior separate periods of coverage under the Plan will be applied in total towards this Plan's preexisting conditions limitations. An employee who rescinds the waiver will receive no payment for the period of time in which the waiver was in effect. If two employees are married to each other, they shall be entitled to only one family plan, and neither employee is eligible for the waiver of insurance coverage.
Waiver of insurance coverage. An employee eligible for insurance coverage through his/her spouse may decline board-paid insurance and shall be entitled to a $2,000.00 stipend during the term of this contract. Any employee entitled to this stipend shall receive it by way of a semi-annual amount of $1,000.00 payment with the first pay in December and the first pay in June of each school year. To be eligible for the stipend, the employee must withdraw from enrollment in the Schuylkill Technology Center insurance coverage for a minimum period of one (1) school year. Employees must provide written notification and proof of alternate insurance in order to withdraw from the coverage. Written notification must be received no later than May 1, with an effective date of July 1. In situations where both spouses are employed by one or a combination of the Schuylkill Intermediate Unit or Schuylkill Technology Center, neither will be eligible for the insurance stipend. One spouse is required to be covered as a dependent on the other's coverage. Both spouses cannot have individual coverage under the insurance plan. Employees who must re-enroll due to a qualifying event may do so without regard to preexisting conditions.
Waiver of insurance coverage. 1. Subject to the limitations of this section and the requirement of the approved carriers, active employees who have maintained district-sponsored health and/or prescription insurance coverage for a least one calendar year, active employees who prior to the date of ratification of this agreement have informally waived such coverage, and new employees shall have the option to waive either health or prescription coverage or both. Employees electing such waiver must provide proof of having comparable coverage elsewhere.
2. In the case of active employees who have maintained coverage for a least one calendar year, for each month during the term of this contract that the waiver is in effect, the district shall pay an amount equal to 25% of the monthly premium costs of the waived coverage. In the case of active employees who have maintained district-sponsored health and/or prescription insurance coverage for less than one calendar year, active employees who prior to the date of ratification of this agreement have informally waived such coverage, and new employees, the monthly payment shall be at the rate of 25% of the monthly premium cost for single coverage under the plan(s) waived. The Aetna Flex Plan shall be deemed the plan waived by any employee who has never participated in health coverage.
3. Payment shall be made monthly by (a) paying said amount into the employee's 125 flexible spending plan, or (b) contributing said amount to an existing tax-sheltered annuity account, or (c) paying same to the employee. Employees will be responsible for any federal or state taxes due as a result of the payment option selected.
4. The foregoing waiver option shall be available to a limit of ten (10) employees of the bargaining unit at any time, in the order that fully completed application papers are received by the Benefits Administrator but subject to the following priorities. In the event that applications in excess of the ten (10) person limit are received, then eligibility will be established in the following order: first, those employees hired before May 1, 2007 who prior to that date declined district provided coverage; second, those employees hired before May 1, 2007 who have as of the date of application been in enrolled in a plan to be waived for at least six months in the order of longest enrollment duration; and third, all other employees, in order of seniority of employment in the bargaining unit. In the event that more employees apply for the waiver benef...
Waiver of insurance coverage. 1. Employees shall have the option to waive either health or prescription coverage or both. Employees electing such waiver must provide proof of having comparable coverage elsewhere.
2. An employee waiving both health and prescription coverage shall receive a waiver payment in an amount equal to twenty-five percent (25%) of the monthly single coverage premium costs for the employee’s base plan.
3. Payment shall be made monthly by (a) paying said amount into the employee’s Section 125 flexible spending plan, or (b) contributing said amount to an existing tax-shelter annuity account, or (c) paying same to the employee. Employees will be responsible for any federal or state taxes due as a result of the payment option selection.
4. The award of each individual’s benefit shall last as long as his or her waiver is in effect, he or she remains an employee of the district and this contract or its successor containing this plan is in effect. In the event an employee wishes to re- enroll to obtain insurance coverage and forego the waiver benefit, he/she may do so at any time permitted by the insurance carrier’s enrollment policies.
Waiver of insurance coverage. Beginning July 1, 2024, an employee eligible for health insurance coverage through his/her spouse may decline board paid insurance and shall be entitled to a stipend based on the number of employees waiving their insurance coverage during each year of this contract. Stipend amounts are determined by the number of employees waiving insurance coverage as of July 1 as indicated below:
a. If 11 or more employees opt-out of insurance coverage a $8,000 stipend will be paid to each employee waiving coverage
b. If between 6 and 10 employees op-out of insurance coverage a $6,000 stipend will be paid to each employee waiving coverage.
c. If 5 or less employees opt-out of insurance coverage a $3,000 stipend will be paid to each employee waiving coverage To be eligible for the stipend, the employee must withdraw from enrollment in the Schuylkill Intermediate Unit health insurance coverage, with the exception of Income Protection, for a minimum period of one (1) school year. Employees must provide written notification and proof of alternate insurance in order to withdraw from the coverage. Written notification must be received no later than June 1st, with an effective date of July 1. The above numbers shall be calculated bi-annually based on total number of opt- outs in the Association with the first disbursement in December and the second disbursement in June of the applicable school year based on the opt-out group size. If an employee in the 6-10 or 11 or more group opts back into coverage based on an eligible life changing event and the group numbers fall below that respective level, the stipend per employee will be reduced to the lower level. The benefit will not be reduced for reasons of death of an employee or death of an employee's spouse (opt into coverage). All other requests based on extenuating circumstances must be approved by the Board of Directors.
Waiver of insurance coverage. (a) All regular full-time classified bargaining unit members who work at least thirty (30) hours per week and who are enrolled in the district’s Health Care Coverage under Article 7.5 - Health Insurance, elect not to enroll and/or participate in the benefits package will receive a lump sum payment of eight hundred dollars ($800) per year less applicable withholdings.
(b) Each employee electing the waiver must declare his/her intent not to participate in the insurance plan by August 1st and remain off the plan for one (1) twelve (12) month period between September 1st and August 31st.
(c) The waiver year will be from September 1st to August 31st of each year and the payment in lieu of premium will be made with the second payroll in September each year for the prior election year.
(d) If an employee elects the waiver one (1) year, he/she may rejoin the group insurance coverage effective September 1st of the following year with a thirty (30) day advance written notice.
(e) EMERGENCY CLAUSE - Any employee electing the waiver may forfeit the bonus and be placed on the insurance plan if his/her health insurance coverage status changes during the year. To rejoin the program, an employee must notify the OCSD thirty (30) days prior to the first day of the month in which the employee wants coverage effective. A change in status is defined as a change in marital status, death of a spouse, or loss of insurance benefits of a spouse.
Waiver of insurance coverage. 1. Employees shall have the option to waive either health or prescription coverage or both. Employees electing such waiver must provide proof of having comparable coverage elsewhere.
2. An employee waiving both health and prescription coverage shall receive a waiver payment in an amount equal to twenty-five percent (25%) of the monthly single coverage premium costs for the employee’s base plan. Any employee receiving a waiver payment greater than twenty-five (25%) of single coverage at the time of execution of this Agreement shall continue to receive the higher waiver payment.
3. Payment shall be made monthly by (a) paying said amount into the employee’s Section 125 flexible spending plan, or (b) contributing said amount to an existing tax-sheltered annuity account, or (c) paying same to the employee. Employees will be responsible for any federal or state taxes due as a result of the payment option selected.
4. The award of each individual’s benefit shall last as long as his or her waiver is in effect, he or she remains an employee of the district and this contract or its successor containing this plan is in effect. In the event an employee wishes to reenroll to obtain insurance coverage and forego the waiver benefit, he/she may do so at any time permitted by the insurance carrier’s enrollment policies.
