Common use of Waiver of Insurance Clause in Contracts

Waiver of Insurance. Any member of the bargaining unit who is eligible for health insurance benefits may elect to withdraw from the insurance program. The insurance program is defined as Hospitalization, Major Medical, Prescription, Dental, and Vision. An employee may elect to “opt-out” of the Board-provided hospitalization and major medical insurance coverage. An employee who elects to opt-out shall be compensated as follows: • An employee whose spouse is also an Akron Public Schools employee, and is eligible for group health benefits as provided by the Board, is not eligible to participate in the “opt-out” program and shall not be eligible for any “opt-out.” • An employee who can show proof of other insurance coverage may elect not to participate in coverage as offered by the Board insurance. The employee shall be compensated in the amount of $2,500.00, less appropriate tax deductions, per year at the end of an entire year for which he/she did not have coverage. • Employees may elect to opt-out of the Board-provided coverage during an approved open enrollment period and/or within thirty (30) days of eligibility for group health benefit coverage and/or within thirty (30) days from a qualifying life event (i.e. marriage, loss of coverage from another source)(loss of coverage from the other source). It shall be the responsibility of the employee to notify the Insurance Office in writing during the annual Open Enrollment Period for Insurance Coverage (currently October) of the desire to withdraw from the insurance program for the next enrollment year. Payment shall be made to the employee in a separate check at the end of the year of non- participation. However, if employment is severed prior to the end of the year of non- participation, or if re-enrollment occurs per the provision stated above, the employer will pro-rate the amount of the stipend to reflect the number of months of non-participation.

Waiver of Insurance. Any member of the bargaining unit who is eligible for health insurance benefits may elect to withdraw from the insurance program. The insurance program is defined as Hospitalization, Major Medical, Prescription, Dental, and VisionVision Insurance. An employee may elect to “opt-out” of the Board-provided hospitalization and major medical insurance coverage. An employee who elects to opt-out shall be compensated as follows: • An employee whose spouse is also an Akron Public Schools employee, and is eligible for group health benefits as provided by the Board, is not eligible to participate in the “opt-out” program and shall not be eligible for any “opt-out.” • An employee who can show proof of other insurance coverage may elect not to participate in coverage as offered by the Board insurance. The employee shall be compensated in the amount of $2,500.00, less appropriate tax deductions, per year at the end of an entire year for which he/she did not have coverage. • Employees may elect to opt-out of the Board-provided coverage during an approved open enrollment period and/or within thirty (30) days of eligibility for group health benefit coverage and/or within thirty (30) days from a qualifying life event (i.e. marriage, loss of coverage from another source)(loss of coverage from the other source). It shall be the responsibility of the employee to notify the Insurance Office in writing during the annual Open Enrollment Period for Insurance Coverage (currently October) of the desire to withdraw from the insurance program for the next enrollment year. Payment shall be made to the employee in a separate check at the end of the year of non- participation. However, if employment is severed prior to the end of the year of non- participation, or if re-enrollment occurs per the provision stated above, the employer will pro-rate the amount of the stipend to reflect the number of months of non-participation.

Waiver of Insurance. Any member Bargaining unit members may elect not to be covered under the group medical, prescription drug, and dental insurance plans. In consideration of the waiver of this insurance coverage, the bargaining unit who is eligible for health insurance benefits may elect member shall be entitled to withdraw from the insurance program. The insurance program is defined as Hospitalization, Major Medical, Prescription, Dental, and Vision. An employee may elect to “opt-out” one of the Board-provided hospitalization and major medical insurance coveragefollowing options: 1. An employee who elects to optdeclines family coverage will receive one thousand five hundred dollars ($1,500.00) divided into two (2) equal semi-out annual payments. 2. An employee who declines single coverage will receive seven hundred fifty dollars ($750.00) divided into two (2) equal semi-annual payments. The above referenced semi-annual payments shall be compensated as follows: • An issued to an employee whose spouse is also an Akron Public Schools employee, at the time of the second pay date in the months of February and is August. Employees who work less than full-time shall receive such payment on a prorated basis. Such compensation shall not be subject to STRS contributions. To be eligible for this payment in lieu of participation in the group health benefits as provided medical insurance plan, an employee must waive his/her right to coverage in the initial year of the waiver and this agreement shall then remain in effect each following year unless or until enrollment changes are made by the Boardemployee. When an employee is hired prior to the start of the school year, this waiver will be taken care of during the hiring process and be complete by August 31. A bargaining unit member who is not eligible married to another bargaining unit member as husband and wife and who has dependents and who elect coverage will be covered by one family insurance plan, with the Board paying eighty-five percent (85%) of the premium. A bargaining unit member who is married to another bargaining unit member as husband and wife and who have no dependents and who elect coverage shall each be covered under a single plan. An employee’s waiver of insurance coverage shall remain in effect for the duration of their employment unless the employee makes a change to their plan. However, any employee who has elected to participate in this insurance waiver option and during the “opt-out” program and shall not be eligible for any “opt-out.” • An employee who can show proof of other year loses insurance coverage may elect not to participate in coverage as offered by through death, divorce, job loss, layoff, or any other event outside the Board insurance. The employee employee’s control shall be compensated provided Board insurance coverage immediately upon notification to the treasurer. In such circumstances, the payments for waiver of insurance shall be prorated. Bargaining unit members who have participated in this waiver for at least one (1) year may apply for return to insurance coverage effective with the amount of $2,500.00, less appropriate tax deductions, per year at the end of an entire year for which he/she did not have coverage. • Employees may elect to opt-out start of the Board-provided coverage during an approved open enrollment period and/or within thirty (30) days of eligibility for group health benefit coverage and/or within thirty (30) days from a qualifying life event (i.e. marriage, loss of coverage from another source)(loss of coverage from the other source). It shall be the responsibility of the employee to notify the Insurance Office in writing during the annual Open Enrollment Period for Insurance Coverage (currently October) of the desire to withdraw from the insurance program for the next enrollment school year. Payment shall be made to the employee in a separate check at the end of the year of non- participation. However, if employment is severed prior to the end of the year of non- participation, or if re-enrollment occurs per the provision stated above, the employer will pro-rate the amount of the stipend to reflect the number of months of non-participation.

Waiver of Insurance. 1. Any member of the bargaining unit who is eligible for health insurance benefits may elect to withdraw from the insurance program. The insurance program is defined as Hospitalization, Major Medical, Prescription, Dental, and Vision. 2. Opting Out of Health Insurance An employee may elect to “opt-out” of the Board-provided hospitalization and major medical insurance coverage. An employee who elects to opt-out shall be compensated as follows: • : a. An employee whose spouse is also an Akron Public Schools employee, and is eligible for group health benefits as provided by the Board, is not eligible to participate in the “opt-out” program and shall not be eligible for any “opt-out.” • ” b. An employee who can show proof of other insurance coverage may elect not to participate in coverage as offered by the Board insurance. The employee shall be compensated in the amount of $2,500.00, less appropriate tax deductions, per year at the end of an entire year for which he/she did not have coverage. • . c. Employees may elect to opt-out of the Board-provided coverage during an approved open enrollment period and/or within thirty (30) days of eligibility for group health benefit coverage and/or within thirty (30) days from a qualifying life event (i.e. marriage, loss of coverage from another source)(loss of coverage from the other source). 3. It shall be the responsibility of the employee to notify the Insurance Office in writing during the annual Open Enrollment Period for Insurance Coverage (currently October) of the desire to withdraw from the insurance program for the next enrollment year. 4. Payment shall be made to the employee in a separate check at the end of the year of non- non-participation. However, if employment is severed prior to the end of the year of non- non-participation, or if re-enrollment occurs per the provision stated above, the employer will pro-rate the amount of the stipend to reflect the number of months of non-participation.