Common use of Employee Plus One Dependent Clause in Contracts

Employee Plus One Dependent. The Employer agrees to contribute an amount equal to seventy-five percent (75%) of the cost of the least expensive HMO rate for employee plus one dependent coverage. The employee pays the remaining cost of the employee plus one dependent coverage that the employee has selected over and above the seventy five percent (75%) of the cost of the least expensive HMO plan. If, however, a HMO plan is not available as an option for an employee, the Employer agrees to contribute, for that employee only, an amount equal to seventy five percent (75%) of the cost of the plan that is next more expensive than the HMO plan for employee plus one dependant coverage, this amount not to exceed the cost of the PPO plan.