Premium cost means an individual's premium for a qualified health plan less the amount of the individual's advance premium tax credit.
Premium cost means an individual's premium for a qualified
Premium cost means an individual’s premium for a qualified health plan less the amount of the individual’s advance premium tax credit.
Examples of Premium cost in a sentence
For medical coverage, GROUP must contribute a minimum of the equivalent of fifty percent (50%) of the Premium cost of the Employee-only rate in the reference plan selected by the Employer.
ABC BULK COMPANY, INC., PROTECTION ANDINDEMNITY INSURANCE PREMIUMS, 1985 Premium cost (per GRT)United StatesLiberiaCrew liability ..............................All other liability .........................
Premium cost sharing will be paid weekly through payroll deduction.
Premium cost in excess of the Employer's contribution established by this Article shall be paid by the individual employee through payroll deduction.
Premium cost and payment information will be provided to you in a separate letter.
More Definitions of Premium cost
Premium cost as used herein shall mean the premium rate that each carrier would charge the Board to provide the benefits specified in 5.1 for each level of coverage if the Board had funded those benefits on a fully-insured basis, giving full credibility to actual experiences. The Board shall provide the Union, upon request with a written statement from each carrier of the premium rate that each carrier would charge the Board to provide the benefits specified in 5.1 for each level of coverage on a fully-insured basis.
Premium cost as used herein shall mean the premium rate that each carrier charges or would charge the Board to provide the benefits listed above for each level of coverage (i.e., individual, two-person, and family) whether or not the Board funds such benefits on a fully-insured basis or a self-insured basis. Upon a written request, the Board shall provide the Administrators’ Union with a written statement of the premium rate that each carrier charges or would charge the Board to provide the benefits of the particular insurance program for each level of coverage. The premium cost-sharing amount for which the member is responsible shall be automatically deducted from the members’ pay on a pro-rata monthly basis. In the 2008-2009 contract year, each member shall pay fifteen percent (15%) of the annual premium cost for the insurance programs listed above for which he/she is eligible and which he/she selects. The Board shall pay the balance of the cost of such insurance programs. In the 2009-2010 contract year, each member shall pay sixteen percent (16%) of the annual premium cost for the insurance programs listed above for which he/she is eligible and which he/she selects. The Board shall pay the balance of the cost of such insurance programs. In the 2010-2011 contract year and thereafter, each member shall pay seventeen percent (17%) of the annual premium cost for the insurance programs listed above for which he/she is eligible and which he/she selects. The Board shall pay the balance of such insurance programs. As an incentive for the 2008-11 contract, the premium cost share referenced above will remain ten percent (10%) for any employee who selects the HMO during the duration of this contract only.
Premium cost means the total cost of group health insurance benefits attributable to an employee on an annual basis. The Premium Cost can and will change from year to year as the group health insurance benefits and the cost therefore change from year to year.
Premium cost as used herein shall mean the premium rate that each carrier charges or would charge the Board to provide the medical benefits listed above for each level of coverage (i.e., individual, two-person, and family) whether or not the Board funds such benefits on a fully-insured basis or a self-insured basis. Upon written request, the Board shall provide the Union with a written statement of the premium rate that the carrier charges or would charge the Board to provide the benefits of the particular insurance program for each level of coverage. Each employee shall pay a pre-tax premium cost share. The deduction for the premium cost share is annualized with the premium cost share being paid each pay period between September and August of each contract year.
Premium cost means as either the actual premium cost paid by the Town for coverage under the Medical Plan or the Carve-Out Plan, or if the Town does not pay an actual premium, the cost the allocation rate as developed by an independent third party administrator
Premium cost as used herein shall mean the premium rate that each carrier charges or would charge the Board to provide the benefits listed above for each level of coverage (i.e., individual, two-person, and family) whether or not the Board funds such benefits on a fully-insured basis or a self-insured basis. Upon a written request, the Board shall provide the Teachers' Union with a written statement of the premium rate that each carrier charges or would charge the Board to provide the benefits of the particular insurance program for each level of coverage. In the 2007-2008 contract year, each member shall pay sixteen percent (16%) of the annual premium cost for the insurance programs listed above for which he/she is eligible and which he/she selects. The Board shall pay the balance of the cost of such insurance programs. In the 2008-2009 contract year, each member shall pay seventeen percent (17%) of the annual premium cost for the insurance programs listed above for which he/she is eligible and which he/she selects. The Board shall pay the balance of the cost of such insurance programs. In the 2009-2010 contract year, each member shall pay eighteen percent (18%) of the annual premium cost for the insurance programs listed above for which he/she is eligible and which he/she selects. The Board shall pay the balance of the cost of such insurance programs.
Premium cost has the meaning specified in Section 6.07(b).