Excess Major Medical Insurance Sample Clauses

Excess Major Medical Insurance. 1. The District shall provide each unit member with an excess major medical policy according to the coverage current in effect. The unit members shall contribute to the cost of the premiums for such coverage through a payroll deduction, as follows: DISTRICT UNIT MEMBER YEAR CONTRIBUTION CONTRIBUTION 2010-2013 82% 18% Effective July 1, 2011, all new unit members (during their probationary periods) will contribute towards the premium cost of major medical insurance for such coverage through a payroll dedication of 25%. Upon conferral of tenure, contribution rate will decrease to 20%. A unit member may decline coverage by notifying the business office of the District, in writing, forty-five (45) days prior to the effective date of the cancellation of coverage, such date to be determined by the policy provisions or rules of the carrier. 2. Spouses employed by South Orangetown may not select two separate family medical coverages. One spouse may elect family coverage and the other spouse will have the option of individual coverage or the buy-out. 3. Unit member who are employed a minimum of 0.50 FTE shall be entitled to receive excess major medical benefits. Unit members who are employed less that 0.50 FTE will not be entitled to receive excess major medical benefits. Any unit member who declines coverage shall have the right to enroll at the earliest date determined by the policy provisions or rules of the carrier.