Common use of Employer Medical Contribution Clause in Contracts

Employer Medical Contribution. The Employer’s contribution per year for medical benefits shall be as follows: 2020: Single – $6,818.87, 2-Person – $14,260.37, Family – $18,596.96. In any given future plan/contract year (“new year”), the Employer’s contribution for medical benefits shall be increased by the rate of increase in illustrative rates from the preceding year as determined by the third party administrator (unless otherwise agreed to by the parties in writing), but shall not exceed the State of Michigan’s adjusted cap for the new year.

Employer Medical Contribution. The Employer’s contribution per year for medical benefits shall be as follows: 20202017: Single – $6,818.876,344.80, 2-Person – $14,260.3713,268.93, Family – $18,596.9617,304.02. In any given future plan/contract year (“new year”), the Employer’s contribution for medical benefits shall be increased by the rate of increase in illustrative rates from the preceding year as determined by the third party administrator (unless otherwise agreed to by the parties in writing), but shall not exceed the State of Michigan’s adjusted cap for the new year.