Flexible Benefit Plan - Active Employees Sample Clauses

Flexible Benefit Plan - Active Employees. Under the Flexible Benefit Plan the Authority’s monthly contribution for the individual employee and the employee’s eligible dependents shall be One Hundred and Twenty-Eight dollars ($128.00) per month effective January 1, 2017 and shall adjust in accordance with the Minimum Employer Contribution (MEC) established by the Public Employees Medical and Hospital Care Act. In addition, the City shall offer an Internal Revenue Code Section 125 Plan that contains the components of benefit allowance and premium conversion.  Employee Only: Up to the Kaiser rate for Employee only  Employee plus one: Up to the Kaiser rate for Employee plus one  Employee plus two or more: Up to the Kaiser family rate  No Plan: $350 per month An employee may use any benefit allowance stated above toward the cost of employer- provided PERS Health insurance for the employee and eligible dependents. An employee may not use the benefit allowance for other reasons. Any Employee that enrolls in a Medical Plan that has a higher premium than the Authority’s contribution, as stated above, will pay the difference via pre-tax payroll deductions. If an employee is eligible for alternative group medical insurance through a spouse or domestic partner’s employer-sponsored medical plan, or through a parent’s insurance, the employee may waive the Authority’s medical insurance coverage. Proof of alternate coverage is required prior to waiving coverage through the Authority plan. Any employee who waives medical coverage entirely shall be eligible to receive as taxable income $350.00 per month. This provision is subject to CalPERS rules and regulations.