Employer Premium definition
Examples of Employer Premium in a sentence
The Employer shall pay the Employer Premium for a Participant's Policy within thirty (30) days of the beginning of each Policy Year which is a Premium Payment Year.
In the event the Company’s payment of the Employer Premium is required to be delayed under Treas.
If the Employee or any of his dependents are participating in medical and dental coverage under any Company group medical or dental plan, the Company will pay the employer premium costs of the coverage (the "Employer Premium") for twelve (12) months from September 1, 2005 through August 31, 2006 (the "Covered Period").
Also, if the payment of the Employer Premium for a Policy year would cause the Participant's Policy to constitute a Modified Endowment Contract (as such term is defined in Section 7702A of the Internal Revenue Code), then the Employer Premium amount for such Policy year shall be reduced to the largest such amount that can be paid without causing the Policy to constitute a Modified Endowment Contract.
The determination by the Plan Administrator that the Policy will qualify as a Permanent Policy with no further Employer Premium payments.
Premera $1500 Annual Deductible HDHP/HSA Employee Premium Share without Wellness Participation Employer Premium Share without Wellness participation Employee 0% 100% Spouse 0% 100% 1st dependent 0% 100% 2nd dependent + 0% 100% Employer HSA Contribution without Wellness Participation: $2600 for employee, $5250 full family (which shall be defined as employee plus one or more dependents).
However, the Employer Premium payable under Section 5.02 shall not be reduced to an amount that is less than the amount which would have been payable by the Employer for a Premium Payment Year without regard to this Section 5.03.
Upon such notice, the Parties will endeavour to resolve the issue and dispute bilaterally through their designated officials, at the Assistant Deputy Minister level.
Please refer to your Benefit Confirmation Statement and your Employer Premium Sharing amount to properly complete this section.
Employer Premium Contributions to MSI Medica Choice Passport ASO 2600-0% VEBA Plan: If the employee is eligible for and enrolls in the MSI Medica Choice Passport ASO 2600- 0% VEBA Plan, SWWC shall contribute towards the annual premium cost for group health coverage as follows: 2022-23 $7,961 annually for each qualified employee who elects single coverage under the group health plan; or $15,575 annually for each qualified employee who elects family coverage under the group health plan.