Common use of Double Coverage Clause in Contracts

Double Coverage. “Opt Out” Employees currently receiving the waiver (opt-out) incentive will be changed from a deferred compensation contribution to a $125 per pay period taxable cash benefit effective as soon as administratively possible following council adoption and will be grandfathered into the benefit. No new enrollments will be allowed into the waiver (opt-out) benefit effective the pay period of council adoption. If a grandfathered employee enrolls in City medical, therefore forfeiting their waiver benefit, they will not be able to opt back in at a later date. Employees are only eligible for “Opt Out” compensation if they demonstrate that they have other Affordable Care Act compliant group health coverage.

Double Coverage. “Opt Out” Employees currently receiving the waiver (opt-out) incentive will be changed from a deferred compensation contribution to a $125 per pay period taxable cash benefit effective as soon as administratively possible following council adoption August 1, 2019 and will be grandfathered into the benefit. No new enrollments will be allowed into the waiver (opt-out) benefit effective the pay period of council adoption. If a grandfathered employee enrolls in City medical, therefore forfeiting their waiver benefit, they will not be able to opt back in at a later date. Employees are only eligible for “Opt Out” compensation if they demonstrate that they have other Affordable Care Act compliant group health coverage.

Double Coverage. “Opt Out” Employees currently receiving the waiver (opt-out) incentive will be changed from a deferred compensation contribution to an annual cash benefit of $3,000 (paid at a rate of $125 115.38 per pay period taxable cash benefit period) effective as soon as administratively possible following council adoption on the August 31st, 2018 paycheck and will be grandfathered into the benefit. No new enrollments will be allowed into the waiver (opt-out) benefit effective the pay period of council adoptionJuly 1, 2018. If a grandfathered employee enrolls in City medical, therefore forfeiting their waiver benefit, they will not be able to opt back in at a later date. Employees are only eligible for “Opt Out” compensation if they demonstrate that they have other Affordable Care Act compliant group health coverage.