Medical Premium Subsidy definition

Medical Premium Subsidy for Eligible Post- 2016 Retirees
Medical Premium Subsidy for Eligible Post-2016 Retirees Hired on or Before December 31, 2020. At age sixty-five (65) or
Medical Premium Subsidy. Employees who select the MBO shall receive MPS in the following amounts: Employee Only $137.51/pay period Employee + 1 $274.76/pay period Employee + 2 $383.77/pay period Effective August 14, 2021 Employee Only $150.20/pay period Employee + 1 $300.15/pay period Employee + 2 $419.70/pay period Effective July 16, 2022: Employee Only $162.89/pay period Employee + 1 $325.54/pay period Employee + 2 $455.63/pay period Effective July 15, 2023: Employee Only $175.58/pay period Employee + 1 $350.93/pay period Employee + 2 $491.56/pay period Effective July 13, 2024: Employee Only $188.27/pay period Employee + 1 $376.32/pay period Employee + 2 $527.49/pay period Flexible Spending Account (FSA): Employees who select the MBO shall be eligible to participate in the FSA as provided in the FSA Article; provided, however, that employees who select the MBO and enroll in the Blue Shield PPO Bronze Plan and the FSA shall be eligible for up to a $20.00 per pay period match to the FSA, to be credited on a quarterly basis.

Examples of Medical Premium Subsidy in a sentence

  • Contractor shall receive the Medical Premium Subsidy (MPS) to offset the cost of health plan premiums charged to Contractor.

  • If the Medical Premium Subsidy amount exceeds the KPSA premium costs, then the excess amount will be forfeited.

  • When submitting information including correspondence to the DCRB, it is the carriers’ responsibility to retain all receipts for proof of mailing (i.e., certified mail return receipt, electronic mail receipts transmitted by the Bureau, etc.) to support its case in the event of a carrier appeal.

  • Fleishchack, Representations of the Weyl algebra in quantum geometry, arXiv:math-ph/0407006.

  • Within any Xxxxxx Permanente Service Area, Medical Premium Subsidy applies only for the amount of the lowest-cost KPSA coverage (including prescription drug coverage) available to the retiree (and not for any premium plan or non-Xxxxxx Permanente plan).

  • At the heart of this board is a field programmable gate array (FPGA).

  • Employees who select the Modified Benefit Option shall be eligible to receive a Medical Premium Subsidy (MPS) in an amount that would offset a portion of the cost of medical plan premiums charged to eligible employees.

  • Employees in a regular position scheduled for a minimum of forty (40) hours per pay period are eligible to receive the Medical Premium Subsidy towards the cost of health benefits.

  • However, employees must be paid for at least one-half plus one hour of their scheduled hours in order to actually receive the Medical Premium Subsidy towards the cost of health benefits.

  • If eligible, Contractor shall receive the Medical Premium Subsidy (MPS) to offset the cost of medical plan premiums charged to Contractor.


More Definitions of Medical Premium Subsidy

Medical Premium Subsidy. Rules of Application (Category 1 only)
Medical Premium Subsidy. For Disabled Employees

Related to Medical Premium Subsidy

  • Premium surcharge means a payment required from a subscriber, in addition to the subscriber's medical premium contribution, due to an enrollee's tobacco use or an enrolled subscriber's spouse or state registered domestic partner choosing not to enroll in their employer- based group medical when:

  • Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Premium payment plan means a benefit plan whereby school em- ployees may pay their share of group health plan premiums with pretax dollars as provided in the salary reduction plan under chapter 41.05 RCW pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Revenue Code.

  • Medicare Levy Surcharge means an extra charge payable by high income earners beyond the standard Medicare Levy if they do not have qualifying private hospital insurance coverage. This charge is assessed as part of an individual or family’s annual tax return.

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • Subsidy means the difference between the amount of periodic

  • Medical physicist means a person trained in evaluating the performance of mammography equipment and facility quality assurance programs and who meets the qualifications for a medical physicist set forth in 41.6(3)“c.”

  • Cost sharing means the respective share of Total Project Costs to be contributed by the Applicant and by DOE. The percentage of Applicant Cost Share is to be applied to the Total Project Cost (i.e., the sum of Applicant plus DOE Cost Shares) rather than to the DOE contribution alone.

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • Medical Expense means an expense incurred at the time a past member or his or her health reimbursement account dependent is furnished the medical care or service. To be considered a medical expense under this act, the expense shall meet all of the following conditions:

  • Special Reimbursement Date means, the special payment date established in connection with a Reimbursement under Special Circumstances as described hereunder “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.

  • Medicare eligible expenses means expenses of the kinds covered by Medicare Parts A and B, to the extent recognized as reasonable and medically necessary by Medicare.

  • Premium tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • State premium tax liability means any liability

  • Revenue sharing means sharing tax increment proceeds as defined in ORS 457.470.

  • Intercollegiate sport means a sport played at the collegiate level for which eligibility requirements for participation by a student athlete are established by a national association for the promotion or regulation of collegiate athletics.

  • Graduate medical education and disproportionate share fund or “GME/DSH fund” means a reimbursement fund developed as an adjunct reimbursement methodology to directly reimburse qualifying hospitals for the direct and indirect costs associated with the operation of graduate medical education programs and the costs associated with the treatment of a disproportionate share of poor, indigent, nonreimbursed or nominally reimbursed patients for inpatient services.

  • Premium Service means programming choices (such as movie Channels, pay-per-view programs, or video on demand) offered to Subscribers on a per-Channel, per-program or per- event basis.

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.