Compensation in Lieu of Benefits. The City may establish a health Savings Account or Flexible Spending Arrangement or other alternative or improved benefit for employees not participating in the Health Insurance Plan. When the City, at the recommendation of the insurance committee, offers an opt-out program (compensation in lieu of benefits) eligible employees who waive participation in the City’s group health insurance plan will be eligible for an opt-out benefit based on the terms and conditions of the program. In the event both spouses or a parent and adult child are employed by the City and one waives coverage, the spouse, parent or child waiving the City’s coverage is not eligible to receive compensation in-lieu of benefits offered under the opt-out program.
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