Common use of Coverage and Premium Clause in Contracts

Coverage and Premium. Contributions Prior to Medicare Eligibility. The retiree will be provided the same health insurance plan options as active employees until the employee reaches Medicare eligibility. Subject to the provisions of Section 16.5, such coverage will be available to the retiree’s spouse of record at the time of retirement, until the retiree’s spouse reaches Medicare eligibility. For such pre-Medicare coverage for the retiree, the retiree must contribute the same premium contribution percentage as contributed by active employees, and any increases paid by active employees after the retiree retires. For such pre-Medicare coverage for the retiree’s spouse (as set forth in Section 1a above), the retiree must contribute the same premium contribution percentage as contributed by active employees, and any increases paid by active employees after the retiree retires.

Coverage and Premium. Contributions Prior to Medicare Eligibility. The retiree will be provided the same health insurance plan options as active employees until the employee reaches Medicare eligibility. Subject to the provisions of Section 16.5, such coverage will be available to the retiree’s spouse of record at the time of retirement, until the retiree’s spouse reaches Medicare eligibility. For such pre-Medicare coverage for the retiree, the retiree must contribute twenty-five percent (25%) of the health insurance premium or the same premium contribution percentage as contributed by active employees, and any increases paid by active employees after the retiree retiresin each year, whichever is greater. For such pre-Medicare coverage for the retiree’s spouse (as set forth in Section 1a 2a above), the retiree must contribute twenty-five percent (25%) of the health insurance premium or the same premium contribution percentage as contributed by active employees, and any increases paid by active employees after the retiree retiresin each year, whichever is greater.