Platinum Plan definition
Platinum Plan means any of the Platinum Plans set forth on Exhibit O.
Platinum Plan. List of Covered Products: Built-in microwave, kitchen exhaust fan, range/oven/cooktop, dishwasher, refrigerator (EXCLUDES ICE MAKER), garbage disposal, whole house humidifier, and water heater.
Platinum Plan. Maximum out of pocket (OOP) costs of $2,800 single coverage, $5,600 other coverages. Teachers are responsible for the first $400 of OOP costs required for single coverage, the first $800 for two persons or parent-child coverage and the first $1,000 for family coverage. The District will fund the next OOP costs of $2,100 (single coverage), $4,200 two persons or parent child coverage and $4,000 family coverage through a Health Reimbursement Account (HRA). Teachers will then be responsible for the last $300 of OOP costs required for single coverage, the last $600 for two persons or parent-child coverage and the last $600 for family coverage. Gold Plan: Maximum out of pocket (OOP) costs of $3,100 single coverage, $6,200 other coverages. Teachers are responsible for the first $400 of OOP costs required for single coverage, the first $800 for two persons or parent-child coverage and the first $1,000 for family coverage. The District will fund the next OOP costs of $2,100 (single coverage), $4,200 two persons or parent child coverage and $4,000 family coverage through a Health Reimbursement Account (HRA). Teachers will then be responsible for the last $600 of OOP costs required for single coverage, the last $1,200 for two persons coverage or parent-child coverage and the last $1,200 for family coverage. Silver Plan: Maximum out of pocket (OOP) costs of $4,000 single coverage, $8,000 other coverages. Teachers are responsible for the first $400 of OOP costs required for single coverage, the first $800 for two persons or parent-child coverage and the first $1,000 for family coverage. The District will fund the next OOP costs of $2,100 (single coverage), $4,200 two persons or parent child coverage and $4,000 family coverage through a Health Reimbursement Account (HRA). Teachers will then be responsible for the last $1,500 of OOP costs required for single coverage, the last $3,000 for two persons or parent-child coverage and the last $3,000 for family coverage.
Examples of Platinum Plan in a sentence
All employees hired on or after September 19, 2011 (“New Hires”) will participate in the Platinum Plan of the United Food and Commercial Workers Unions and Food Employers Benefit Fund (Platinum Plan) for the life of this Agreement.
As of July 1, 2017, the Employer shall contribute $5.7740 per hour for the Platinum Plan and $4.3305 per hour for the Gold Plan.
Students required to purchase the 7–Day Silver Anytime Plan cannot change to the 5-Day Anytime Dining Meal Plan or a Block Plan, but may upgrade to a Gold or Platinum Plan.
Contractor must offer health insurance coverage to GOSR temporary employees that meet or exceed the standards of the Affordable Care Act of 2010 – Platinum Plan (for New York City – Zip Code 10004) or the State of New York.
The Board will have the same monetary obligation to fund the first dollar of OOP costs required under the Platinum Plan that the Board has under the Gold CDHP Plan, based on the level of coverage selected.
The Board will fund its share of the OOP costs under the Platinum Plan through an HRA.
Platinum Plan: Maximum out of pocket (OOP) costs of $2,800 single coverage, $5,600 other coverages.
Add an additional HMO as an option to the Platinum Plan (as per Future Plan Design Commitments and Triggers, paragraph f).
Under the Gold or Platinum Plan, this Agreement continues in effect until the AGENT terminates the Agreement upon thirty (30) days written notice to the OWNER or the OWNER terminates the Agreement by thirty (30) days written notice to the AGENT.
Teachers will be financially responsible to pay the difference in last dollar OOP costs associated with the Platinum Plan, based on the level of coverage selected.
More Definitions of Platinum Plan
Platinum Plan. Maximum out of pocket (OOP) costs of $2,800 single coverage, Gold Plan: Maximum out of pocket (OOP) costs of $3,100 single coverage, $6,200 other coverages. The Board will have the same monetary obligation to fund the first dollar of OOP costs required under the Gold Plan that the Board has under the Gold CDHP Plan, based on the level of coverage selected. ESPs will be financially responsible to pay the difference in last dollar OOP costs associated with the Gold Plan, based on the level of coverage selected. The Board will fund its share of the OOP costs under the Gold Plan through an HRA. Silver Plan: Maximum out of pocket (OOP) costs of $4,000 single coverage, $8,000 other coverages. The Board will have the same monetary obligation to fund the first dollar of OOP costs required under the Silver Plan that the Board has under the Gold CDHP Plan, based on the level of coverage selected. ESPs will be financially responsible to pay the difference in last dollar OOP costs associated with the Silver Plan, based on the level of coverage selected. The Board will fund its share of the OOP costs under the Silver Plan through an HRA.
Platinum Plan. Maximum out of pocket (OOP) costs of $2,800 single coverage, $5,600 other coverages. Employees are responsible for the first $400 of OOP costs required for single coverage, and the first $800 for two persons, parent-child or family coverage. The District will fund the remaining OOP costs of $2,100 (single coverage) and $4,200 for two person, parent-child or family coverage through a Health Reimbursement Account (HRA). Employees will then be responsible for the last $300 of OOP costs required for single coverage, and the last $600 for two persons, parent-child or family coverage. Gold Plan: Maximum out of pocket (OOP) costs of $3,100 single coverage, $6,200 other coverages. Employees are responsible for the first $400 of OOP costs required for single coverage, and the first $800 for two persons, parent-child or family coverage. The District will fund the remaining OOP costs of $2,100 (single coverage) and $4,200 for two person, parent-child or family coverage through a Health Reimbursement Account (HRA). Employees will then be responsible for the last $600 of OOP costs required for single coverage and the last $1,200 for two-person, parent-child coverage or family coverage. Silver Plan: Maximum out of pocket (OOP) costs of $4,000 single coverage, $8,000 other coverages. Employees are responsible for the first $400 of OOP costs required for single coverage, and the first $800 for two persons, parent-child or family coverage. The District will fund the remaining OOP costs of $2,100 (single coverage) and $4,200 for two person, parent-child or family coverage through a Health Reimbursement Account (HRA). Employees will then be responsible for the last $1,500 of OOP costs required for single coverage and the last $3,000 for two persons, parent-child or family coverage. Funds in the HRA will be available and may be used solely to pay for qualified medical and prescription drug expenses that track towards the annual deductible, co-payments or co-insurance of the Plan selected. Unspent funds in the HRA will not rollover or accumulate from year to year, but will revert to the District, subject to a ninety (90) day run out period. Payments for eligible OOP charges incurred will be made automatically to the Provider whenever possible; the District will issue debit cards to facilitate such payments. The Parties understand and agree that the use of debit cards and automatic payment options are only available to pay the teacher’s share of OOP costs in cases where the tea...
Platinum Plan. Maximum out of pocket (OOP) costs of $2,800 single coverage, $5,600 other coverages. Teachers are responsible for the first $400 of OOP costs required for single coverage, the first $800 for two persons or parent-child coverage and the first Gold Plan: Maximum out of pocket (OOP) costs of $3,100 single coverage, $6,200 other coverages. Teachers are responsible for the first $400 of OOP costs required for single coverage, the first $800 for two persons or parent-child coverage and the first $1,000 for family coverage. The District will fund the next OOP costs of $2,100 (single coverage), Silver Plan: Maximum out of pocket (OOP) costs of $4,000 single coverage, $8,000 other coverages. Teachers are responsible for the first $400 of OOP costs required for single coverage, the first $800 for two persons or parent-child coverage and the first
Platinum Plan. Maximum out of pocket (OOP) costs of $2,800 single coverage, $5,600 other coverages. Employees are responsible for the first $400 of OOP costs required for single coverage, the first $800 for two persons or parent-child coverage and the first $1,000 for family coverage. The District will fund the next OOP costs of $2,100 (single coverage), $4,200 two Gold Plan: Maximum out of pocket (OOP) costs of $3,100 single coverage, Silver Plan: Maximum out of pocket (OOP) costs of $4,000 single coverage,
Platinum Plan. Maximum out of pocket (OOP) costs of $2,800 single coverage, Gold Plan: Maximum out of pocket (OOP) costs of $3,100 single coverage, $6,200 other coverages. The Board will have the same monetary obligation to fund the first dollar of OOP costs required under the Gold Plan that the Board has under the Gold CDHP Plan, based on the level of coverage selected. ESPs will be financially responsible to pay the difference in last dollar OOP costs associated with the Gold Plan, Silver Plan: Maximum out of pocket (OOP) costs of $4,000 single coverage, $8,000 other coverages. The Board will have the same monetary obligation to fund the first dollar of OOP costs required under the Silver Plan that the Board has under the Gold CDHP Plan, based on the level of coverage selected. ESPs will be financially responsible to pay the difference in last dollar OOP costs associated with the Silver Plan, based on the level of coverage selected. The Board will fund its share of the OOP costs under the Silver Plan through an HRA.
Platinum Plan. Bargaining unit members who participate in the Platinum Plan will be eligible for the following funding to a Health Reimbursement Account (HRA). During the 2021-2022 contract year, the District will fund up to $1,500.00 annually for single coverage and up to $3,000.00 annually for all other coverage levels in a Health Reimbursement Account (HRA). The HRA funding may be used for the deductible, medical copayments, out of network claims, and prescription copayments. During the 2022-2023 contract year, the District will fund up to $1,500.00 annually for single coverage and up to $3,000 annually for all other coverage levels in a Health Reimbursement Account (HRA). The HRA funding may be used for the deductible, medical copayments, out of network claims, and prescription copayments. During the 2023-2024 contract year, the District will fund up to $1,500.00 annually for single coverage and up to $3,000.00 annually for all other coverage levels in a Health Reimbursement Account (HRA). The HRA funding may be used for the deductible, medical copayments, out of network claims, and prescription copayments. During the 2024-2025 contract year, the District will fund up to $1,200.00 annually for single coverage and up to $2,700.00 annually for all other coverage levels in a Health Reimbursement Account (HRA). The HRA funding may be used for the deductible, medical copayments, out of network claims, and prescription copayments.