Education Assistance Benefit. The LUMC Education Assistance Benefits Policy governs resident and fellow eligibility for education assistance benefits. All residents and fellows have an eligibility waiting period of one (1) year for themselves. All residents and fellows will have a five (5) year waiting period to be eligible for the tuition benefit for their eligible dependents. Refer to the Education Assistance Benefits Policy for additional information.
Education Assistance Benefit. Education Assistance shall be offered to Transition Employees according to the current benefits as listed in Contract Attachment O. Contractor may also offer their own educational assistance in place of this benefit. If the Transition Employee chooses this benefit, the following payment methodology will be used.
Education Assistance Benefit. The LUMC Education Assistance Benefits Policy governs Resident and fellow eligibility for education assistance benefits. All Residents and fellows have an eligibility waiting period of one (1) year for themselves. All Residents and fellows will have a five (5) year waiting period to be eligible for the tuition benefit for their eligible dependents. Refer to the Education Assistance Benefits Policy for additional information. *Benefits, including PTO, and permitted leaves of absence are determined, provided and calculated pursuant to applicable policies, procedures and plan documents in effect from time to time and are, at all times, subject to alteration, revision, or discontinuation. Nothing in this Addendum shall prevent the employer, plan sponsor or other person(s) eligible to amend or terminate a benefit plan or program in accordance with the terms of the governing documents from amending or terminating the plan or program at any time, and, therefore, the employee benefit plans and programs offered to a Resident may be amended or terminated at any time. Revised 05/08/2018 2018 - 2019 BENEFITS* ADDENDUM TO LOYOLA UNIVERSITY MEDICAL CENTER GRADUATE MEDICAL EDUCATION AGREEMENT X. Xxxxxx offers three medical plans administered by Blue Cross Blue Shield of Michigan - the Traditional plan, Health Savings plan (with a Health Savings Account (HSA)) and the Essential plan. Loyola offers these plans for Residents and their eligible dependents on a pre-tax basis9. Both Loyola and the Resident share in the expense for medical plan coverage. Coverage is effective on the first day of the term of this Agreement if the Resident timely enrolls in coverage during the initial enrollment period10. A Resident will also be eligible to participate in each annual open enrollment period. If a Resident enrolls in a medical plan offered by Loyola, the Resident and the Resident’s dependents enrolled in the medical plan, if any, are automatically enrolled in prescription drug coverage administered by CVS Caremark. If a Resident enrolls in the Health Savings medical plan, Loyola makes a contribution to the Resident’s HSA and the Resident may make pre-tax contributions to his or her HSA. In order to continue to pay the lower employee cost-sharing for medical plan coverage, the Resident and, if the Resident enrolls an eligible adult in the medical plan, the eligible adult, must timely complete a wellness health assessment and certain wellness activities.
Education Assistance Benefit. The LUMC Education Assistance Benefits Policy governs Resident and fellow eligibility for education assistance benefits. All Residents and fellows have an eligibility waiting period of one (1) year for themselves. All Residents and fellows will have a five (5) year waiting period to be eligible for the tuition benefit for their eligible dependents. Refer to the Education Assistance Benefits Policy for additional information. *Benefits, including PTO, and permitted leaves of absence are determined, provided and calculated pursuant to applicable policies, procedures and plan documents in effect from time to time and are, at all times, subject to alteration, revision, or discontinuation. Nothing in this Addendum shall prevent the employer, plan sponsor or other person(s) eligible to amend or terminate a benefit plan or program in accordance with the terms of the governing documents from amending or terminating the plan or program at any time, and, therefore, the employee benefit plans and programs offered to a Resident may be amended or terminated at any time.
Education Assistance Benefit. The Trinity Tuition Assistance Policy for Loyola Medicine governs Resident and fellow eligibility for education assistance benefits. All Residents and fellows have an eligibility waiting period of one (1) year for themselves. All Residents and fellows will have a five (5) year waiting period to be eligible for the tuition benefit for their eligible dependents. Refer to the current HR policy for additional information. *Benefits, including PTO, and permitted leaves of absence are determined, provided and calculated pursuant to applicable policies, procedures and plan documents in effect from time to time and are, at all times, subject to alteration, revision, or discontinuation. Nothing in this Addendum shall prevent the employer, plan sponsor or other person(s) eligible to amend or terminate a benefit plan or program in accordance with the terms of the governing documents from amending or terminating the plan or program at any time, and, therefore, the employee benefit plans and programs offered to a Resident may be amended or terminated at any time.
