Common use of Waiver of Medical Insurance Coverage Clause in Contracts

Waiver of Medical Insurance Coverage. Eligible faculty members in Benefit Groups A, B, C or in Benefit Group D, who have more than two semesters, may elect to waive medical insurance coverage for self and dependents upon certification to Human Resource Services of coverage available to him/her under a non-University group medical insurance plan. The University offers an annual taxable $1000 payment to such a faculty member with two-person or family coverage who is able to provide such certification. This option is not available to faculty members whose spouse or civil union partner is also employed by, or retired from, the University and eligible for University benefits or to faculty members who are retired from the University with post-retirement benefits. Further, it is not available to faculty members who waive coverage for any eligible dependents but not themselves. If a faculty member has waived UVM insurance coverage and then loses his or her other insurance coverage by an event outside his or her control, he or she will be allowed back into the UVM medical coverage option. The faculty member will be entitled to only a pro-rated portion of the $1000 based on the length of time (in whole months) his or her coverage was waived. If the faculty member waived coverage for himself or herself and for his or her dependents, the faculty member may come back into the UVM plan if the faculty member’s spouse or civil union partner loses employment, or if the faculty member loses coverage because of divorce or the death of the spouse or civil union partner. The faculty member may not come back into a UVM plan simply because his or her spouse’s or civil union partner’s employer increases premiums or decreases coverage until the next Open Enrollment period. If the faculty member waived coverage for one year, the waiver will not automatically renew in the subsequent year. An eligible faculty member must apply annually. If the faculty member waives coverage for eligible dependents but not for himself/herself, the faculty member is not eligible for a waiver payment.

Waiver of Medical Insurance Coverage. Eligible faculty members in Benefit Groups A, B, or C or in Benefit Group D, who have more than two semesters, may elect to waive medical insurance coverage for self and dependents upon certification to Human Resource Services of coverage available to him/her under a non-non- University group medical insurance plan. The University offers an annual taxable $1000 payment to such a faculty member with two-two- person or family coverage who is able to provide such certification. This option is not available to faculty members in Benefit Group D or to those whose spouse or civil union partner is also employed by, or retired from, the University and eligible for University benefits or to faculty members who are retired from the University with post-retirement benefits. Further, it is not available to faculty members who waive coverage for any eligible dependents but not themselves. If a faculty member has waived UVM insurance coverage and then loses his or her other insurance coverage by an event outside his or her control, he or she will be allowed back into the UVM medical coverage option. The faculty member will be entitled to only a pro-rated portion of the $1000 based on the length of time (in whole months) his or her coverage was waived. If the faculty member waived coverage for himself or herself and for his or her dependents, the faculty member may come back into the UVM plan if the faculty member’s spouse or civil union partner loses employment, or if the faculty member loses coverage because of divorce or the death of the spouse or civil union partner. The faculty member may not come back into a UVM plan simply because his or her spouse’s or civil union partner’s employer increases premiums or decreases coverage until the next Open Enrollment period. If the faculty member waived coverage for one year, the waiver will not automatically renew in the subsequent year. An eligible faculty member must apply annually. If the faculty member waives coverage for eligible dependents but not for himself/herself, the faculty member is not eligible for a waiver payment.

Waiver of Medical Insurance Coverage. Eligible faculty members in Benefit Groups A, B, C or in Benefit Group D, who have more than two semesters, may elect to waive medical insurance coverage for self and dependents upon certification to Human Resource Services of coverage available to him/her them under a non-University group medical insurance plan. The University offers an annual taxable $1000 payment to such a faculty member with two-person or family coverage who is able to provide such certification. This option is not available to faculty members whose spouse or civil union partner is also employed by, or retired from, the University and eligible for University benefits or to faculty members who are retired from the University with post-retirement benefits. Further, it is not available to faculty members who waive coverage for any eligible dependents but not themselves. If a faculty member has waived UVM insurance coverage and then loses his or her their other insurance coverage by an event outside his or her their control, he or she they will be allowed back into the UVM medical coverage option. The faculty member will be entitled to only a pro-rated portion of the $1000 based on the length of time (in whole months) his or her their coverage was waived. If the faculty member waived coverage for himself or herself themselves and for his or her their dependents, the faculty member may come back into the UVM plan if the faculty member’s spouse or civil union partner loses employment, or if the faculty member loses coverage because of divorce or the death of the spouse or civil union partner. The faculty member may not come back into a UVM plan simply because his or her their spouse’s or civil union partner’s employer increases premiums or decreases coverage until the next Open Enrollment period. If the faculty member waived coverage for one year, the waiver will not automatically renew in the subsequent year. An eligible faculty member must apply annually. If the faculty member waives coverage for eligible dependents but not for himself/herselfthemselves, the faculty member is not eligible for a waiver payment.