Wavier of Coverage Sample Clauses

Wavier of Coverage. Upon proof of alternate coverage (except if such coverage is through a spouse working for the City of Xxxxxxx), eligible employees may elect to waive all of the health insurance coverage except for care received through the Ohio AFSCME Care Plan specified above provided by the Employer. Employees who elect to opt out of all coverages shall be paid a flat fee amount of: Family $4,000.00 The above amounts shall be payable by separate check in one-half of the above amount(s) due in the second pay period of January of each year, and the balance due and payable in the second pay period of July of each year. Employees shall notify the Employer of the wavier option on the appropriate form attached as an Appendix to this Agreement. The form shall apprise the employee of his/her rights and the employee will verify that he/she has alternative coverage. If husband and wife are covered under the City plan, the opt-out would not apply. Employees shall have the right to opt back into any health benefit provided by the Employer by applying for reinstatement in the open enrollment periods of December and June. Reinstatement occurs the first day of the month following request of reinstatement (example: January 1, July 1). Employees who lose alternative coverage in instances such as divorce, death, termination of spouse’s insurance or employment, etc. may apply for reinstatement in the Employer’s health plan at the time of the loss of alternative coverage. Reinstatement shall be no later than the day of the month following the request for reinstatement. The employee shall be required to remit to the Employer a prorated amount of the “opt out” compensation. Such payback may be made through payroll deduction.

Wavier of Coverage. Eligible employees may waive their Group Health & Welfare benefits by submitting a completed trust waiver form.