Contribution Formula Dental Coverage Sample Clauses
The Contribution Formula - Dental Coverage clause defines how the costs of dental insurance premiums are divided between the employer and employees. Typically, this clause specifies the percentage or fixed amount that each party is responsible for, such as the employer covering 75% of the premium while employees pay the remaining 25%. By clearly outlining the financial responsibilities for dental coverage, this clause ensures transparency and helps prevent disputes over payment obligations.
Contribution Formula Dental Coverage. Faculty Member Coverage. For faculty member dental coverage, the Employer contributes an amount equal to the lesser of ninety percent (90%) of the faculty member premium of the State Dental Plan, or the actual faculty member premium of the dental plan chosen by the faculty member. However, for calendar years beginning January 1, 2018, and January 1, 2019, the minimum employee contribution shall be thirteen dollars and fifty cents ($13.50) per month.
Contribution Formula Dental Coverage
Contribution Formula Dental Coverage