Health Insurance Benefit definition

Health Insurance Benefit means the amount paid to or on behalf of a Retired Member or a Surviving Spouse eligible for benefits under Section 20, for health insurance purposes pursuant to Section 36. Any Health Insurance Benefit shall be specifically provided for and shall be considered separate from Retirement Allowances, survivorship benefits, and amounts payable as a result of optional modification of Retirement Allowances, provided, however, that the Board of Directors of the District expressly reserves its rights under Section 6(d) to adjust the rates of Retirement Contributions to fund the Health Insurance Benefit.
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Health Insurance Benefit. The Family Health Insurance Benefit to be paid by the District is 71% of a family annual premium. Single insurance benefits is 100% of a single annual premium. (N.A. June 2011) OTHER BENEFITS: FICA (SOCIAL SECURITY/MEDICARE). The teacher will pay 7.65% of his/her current contracted salary toward Social Security/Medicare Tax (FICA) and the School District will pay a matching 7.65% of the teachers’ salary to FICA. TFFR – The following rates will go into effect July 1, 2014 for Teacher’s Fund for Retirement. Employer contribution rates are 12.75%. Member contribution rates increase from 11.75%. Killdeer School District will pay 7.75% of the member contribution; the member will pay 4%. (N.A. April 2014)
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Health Insurance Benefit means a series of payments from the Company to the Participant during the one (1) year period immediately following the Participant’s Date of Termination during which the Company shall pay to the Participant an amount equal to the Company’s portion (but not the Participant’s portion) of the cost of medical insurance at the rate in effect on the Participant’s Date of Termination, which shall be paid in installments in accordance with the Company’s ​​​normal payroll practices. If the Company determines, in its sole discretion, that the payment of the Health Insurance Benefit will result in a potential violation of applicable law, or would potentially cause the Company or the Participant to incur penalties, excise taxes or fees pursuant to the Code and the Department of Treasury regulations promulgated thereunder (including, without limitation, Section 2716 of the Public Health Service Act), the Health Insurance Benefit shall immediately terminate and the Participant shall not have any further rights to receive such payments.
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Examples of Health Insurance Benefit in a sentence

  • Specifically, RHCs sign the Health Insurance Benefit Agreement (Form CMS-1561A).

  • To assure that employees receive the best benefits for the money, the County has established a Health Insurance Benefit Committee comprised of County employees from participating bargaining units and work groups.

  • On the Date of Termination pursuant to this Section 7.4, the Company shall pay, in lieu of any payments under Sections 4.1 and 4.2 for the remainder of the Term, to the Employee’s estate the payments and other benefits applicable to termination without Cause set forth in Section 7.2 hereof, other than those related to career counseling, resume development and the Health Insurance Benefit.

  • However, any hospital which is subject to the TRICARE DRG-based payment system and which otherwise meets TRICARE requirements but which is not a Medicare- participating provider (having completed a CMS 1561, Health Insurance Benefit Agreement, and a CMS 1514, Hospital Request for Certification in the Medicare/Medicaid Program) must complete a participation agreement (Addendum A) with DHA.

  • Any hospital which is subject to the CHAMPUS DRG-based payment system and which otherwise meets CHAMPUS requirements but which is not a Medicare-participating provider (having completed a form HCA-1514, Hospital Request for Certification in the Medicare/Medicaid Program and a form HCFA-1561, Health Insurance Benefit Agreement) must complete a participation agreement with TRICARE.

  • This Health Insurance Benefit Coverage does NOT provide paid leave.

  • Health Insurance Benefit: Employee will be allowed One Thousand dollars per month for all Health, Dental & Life Insurance coverage, any expenditures over that amount must be approved by the Board of Directors, and may be withheld.

  • Table State/Territory Private Health Insurance (Benefit Requirements) 17Schedule 3―Same-day accommodation: hospitals in all States/Territories Schedule 3―Same-day accommodation: hospitals in all States/TerritoriesPart 1―General 1.

  • However, any hospital which is subject to the TRICARE DRG-based payment system and which otherwise meets TRICARE requirements but which is not a Medicare- participating provider (having completed a CMS 1561, Health Insurance Benefit Agreement, and a CMS 1514, Hospital Request for Certification in the Medicare/Medicaid Program) must complete a participation agreement (Addendum A) with TMA.

  • The Union shall appoint one member of the bargaining unit to participate on the District’s Health Insurance Benefit Committee.


More Definitions of Health Insurance Benefit

Health Insurance Benefit means the amount included in the federal taxable income of an employee for insurance coverage for the employee' s partner.
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Health Insurance Benefit. Defined – The term “health insurance benefit” means the same health insurance benefit plans which are in effect for active employees.
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Health Insurance Benefit means, a one-year waiver of the portion of the applicable premium otherwise payable for COBRA coverage equal to the amount the Company had contributed toward the cost of group health insurance for the Executive and his eligible dependents immediately prior to his termination.
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Health Insurance Benefit. The Family Health Insurance Benefit to be paid by the District is 71% of a family annual premium. Single insurance benefits is 100% of a single annual premium. (N.A. June 2011) OTHER BENEFITS: FICA (SOCIAL SECURITY/MEDICARE). The teacher will pay 7.65% of his/her current contracted salary toward Social Security/Medicare Tax (FICA) and the School District will pay a matching 7.65% of the teachers’ salary to FICA.
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Related to Health Insurance Benefit

  • Health insurance means protection which provides payment of benefits for covered sickness or injury.

  • Health insurance carrier or "carrier" means any entity subject to the insurance

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Health insurance plan means any health insurance policy or health benefit plan offered by a health insurer or a subcontractor of a health insurer, as well as Medicaid and any other public health care assistance program offered or administered by the State or by any subdivision or instrumentality of the State. The term includes vision care plans but does not include policies or plans providing coverage for a specified disease or other limited benefit coverage.

  • Health insurance issuer means an insurance company, or insurance organization (including a health

  • Health insurance policy means a policy that provides specified benefits for hospital and/or general treatment and meets all requirements under section 63-10 of the Private Health Insurance Act 2007.

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Health insurer means the same as that term is defined in Section 31A-22-615.5.

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Health insurance exchange means an exchange as defined in 45 C.F.R. Sec. 155.20.

  • Accident and health insurance means contracts that incorporate morbidity risk and provide protection against economic loss resulting from accident, sickness, or medical conditions and as may be specified in the valuation manual.

  • Health benefits plan means a benefits plan which pays or

  • Medicare benefit means the Medicare benefit payable within the meaning of Part II of the Health Insurance Act 1973 with respect to a professional service.

  • Medical Benefits means the monthly fair market value of benefits provided to the Employee and the Employee’s dependents under the major medical, dental and vision benefit plans sponsored and maintained by the Company, at the level of coverage in effect for such persons immediately prior to the Employee’s termination of employment date. The “monthly fair market value” of such benefits shall be equal to the monthly cost as if such persons elected COBRA continuation coverage at such time at their own expense.

  • Credit accident and health insurance means insurance on a debtor to provide

  • Health Insurance Portability and Accountability Act means the Health Insurance Portability and Accountability Act of 1996, Pub. L. No. 104-191, 110 Stat. 1936, as amended.

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Social Security Benefits means any social insurance, pension insurance benefits, medical insurance benefits, work-related injury insurance benefits, maternity insurance benefits, unemployment insurance benefits and public housing reserve fund benefits or similar benefits, in each case as required by any applicable Law or contractual arrangements.

  • Health and Welfare Benefits means any form of insurance or similar benefit programs, which may include but not be limited to, medical, hospitalization, surgical, prescription drug, dental, optical, psychiatric, life, or long-term disability.

  • COBRA means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended.

  • Welfare Benefits means the types of benefits described in Section 3(1) of ERISA (whether or not covered by ERISA).

  • Retiree Health Plan means an "employee welfare benefit plan" within the meaning of Section 3(1) of ERISA that provides benefits to individuals after termination of their employment, other than as required by Section 601 of ERISA.

  • Retiree means any person who has begun accruing a retirement