Credit for Declination of Health Care Coverage. Full-time employees eligible to participate in the Town of Simsbury’s health care plans who decline to participate will receive an annual credit of $2,000 pro-rated and credited on a monthly basis. In the event that an employee experiences a qualifying event and seeks to enroll in the Town’s health care plans, and provided that the employee is otherwise eligible to participate in the plans, the credit will be discontinued beginning in the month the enrollment takes place. Employees electing to receive the credit may not participate in the Town’s health care program through coverage of a spouse or family member. Payments under this program shall not be retroactive and shall begin upon the effective date of this Agreement.
Credit for Declination of Health Care Coverage. Full-time employees eligible to participate in the Town of Simsbury’s health care plans who decline to participate will receive an annual credit of $2,000 pro-rated and credited on a monthly basis. In the event that an employee experiences a qualifying event and seeks to enroll in the Town’s health care plans, and provided that the employee is otherwise eligible to participate in the plans, the credit will be discontinued beginning in the month the enrollment takes place. Employees electing to receive the credit may not participate in the Town’s health insurance pool through coverage of a spouse or family member. Employees purchasing health insurance through any state health insurance exchange are not eligible to participate in the program. The covered benefits are limited to health benefits only and do not include dental insurance benefits. Payments under this program shall not be retroactive and shall begin upon the effective date of this Agreement.
Credit for Declination of Health Care Coverage. Full-time employees eligible to participate in the Town of Simsbury’s health care plans who decline to participate will receive an annual credit of $2,000 pro-rated and credited on a monthly basis, provided the employee can provide evidence on an annual basis of coverage by other health insurance. In the event that an employee experiences a qualifying event and seeks to enroll in the town’s health care plans, and provided that the employee is otherwise eligible to participate in the plans, the credit will be discontinued beginning in the month the enrollment takes place. Employees electing to receive the credit may not participate in the town’s health insurance pool through coverage of a spouse or family member. Employees purchasing health insurance through any state health insurance exchange are not eligible to participate in the program. The covered benefits are limited to health benefits only and do not include dental insurance benefits. Payments under this program shall not be retroactive and shall begin upon the effective date of this Agreement. Employees who elect to retire and receive retirement plan benefits prior to attaining the age of sixty-two (62) may elect to opt out of the health insurance plan and receive a lump sum payment equivalent to $1,000 for each full year and a prorated amount of $1,000 for each partial year until the employee attains the age of sixty-two (62), provided that the employee provides evidence of other health insurance at the time of retirement. An employee who declines health care under this provision may re-enter the health plan at age sixty-two (62), provided that the employee can demonstrate continuous health insurance coverage for the period the employee did not participate in the town’s health insurance.
