Examples of Health Insurance Contribution in a sentence
The Board has elected the 80%/20% requirements of Section 4 of the Publicly Funded Health Insurance Contribution Act (Act 152 of 2011), hereinafter referred to as the “Act”, for the immediate future.
Plan as described in Section 1 (a) (1), for the same level of benefit (i.e. single, employee/spouse, employee/child(ren) and family), or pay the difference between the total cost of such coverage and the maximum annual amount the Employer is permitted to pay under Section 3 of the Publicly Funded Health Insurance Contribution Act, Public Act 152 of the Michigan Public Acts of 2011, whichever results in the greater employee contribution.
The Publicly Funded Health Insurance Contribution Act (Public Act 152 of 2011) provides for certain limitations on the amount that public employers may contribute toward the annual cost of medical benefit plans that cover their employees.
Expenditures from the PDA will only be used to increase the District Health Insurance Contribution.
In no event shall this Section be interpreted to require the district to make a payment which would cause it to violate the Publicly Funded Health Insurance Contribution Act.
The Board will contribute to the total annual cost associated with the District’s medical benefit plans an amount consistent with its elected method of compliance with Public Act 152 of 2011, being the Publicly Funded Health Insurance Contribution Act.
For eligible and participating full-time employees, the Board’s contribution toward the cost of group health insurance coverage, including premiums and any other Board payments or contributions, relating to such coverage, shall be limited to the so-called maximum “hard cap” levels prescribed in the Publicly Funded Health Insurance Contribution Act (Act 152 of 2011; MCL 15.561-569), as the same may be amended from time to time.
The maximum allowance for insurance coverages (other than short-term disability) to be paid by the District, which includes all related costs such as fees, taxes, and assessments, will not be more than that allowed under the Publicly Funded Health Insurance Contribution Act (“Legislative Cap”) or six percent (6%) of the previous year’s maximum allowance (“Contract Cap”), whichever is the least cost to the District.
The Employer will follow the so-called “hard-cap” requirements of Section 3 of the Publicly Funded Health Insurance Contribution Act (“Act 152 of 2011”, hereinafter referred to as the “act”, for the immediate future).
This contribution, however, shall not be less than the statutory “hard cap” amount necessary to comply with the Publicly Funded Health Insurance Contribution Act, MCL 15.561 et seq.