Fully Insured. The Board will offer one fully insured plan (network) with a high deductible health savings account. The Board will pay a total contribution for this health insurance of eighty percent (80%). For bargaining unit members who are regularly scheduled to work less than thirty
Fully Insured. PPO Plan The Board will offer one or more fully insured, PPO Plans (network) with levels of benefits as agreed to by the insurance committee. The Board will pay a total contribution for this health insurance of up to the following amounts for the corresponding plan: High Plan $1,364.27 Family $1,000.05 Employee & Spouse $906.17 Employee w/Children $469.52 Single Low Plan $1,259.50 Family $890.27 Employee & Spouse $807.63 Employee w/Children $418.44 Single HDHP $1,083.51 Family $734.97 Employee & Spouse $665.96 Employee w/Children $345.06 Single In subsequent years, premium increases will be equally shared (50/50), however, the Board’s contribution shall not be less than the amounts listed above for the plan used. For bargaining unit members who are regularly scheduled to work less than thirty (30) but at least fifteen (15) hours per week, the Board’s contribution for health insurance shall be pro-rated. As an example, if a bargaining unit member is regularly scheduled to work twenty (20) hours per week, the Board’s pro-rated contribution will be 2/3 of the amount the Board contributes for a full-time teacher. Health Savings Accounts (HSA) are available as an option to eligible bargaining unit members. For any employee who elects the HSA plan coverage, the Board agrees to pay into that employee’s HSA account, as a lump sum in the first month of each plan year, the agreed amount provided by the insurance committee and approved by the board. If a husband and wife are employed by the Board and are both eligible for this benefit, they will take one family coverage and the spouse who is not the primary insured under the family coverage will opt out of primary health insurance coverage. In that event, the Board will pay the full cost of the health insurance family coverage under this plan and the spouse who opts out will receive the opt- out benefit explained in paragraph B.
Fully Insured. 14.1 The Properties and all assets of the MGT/IST Group Companies of an insurable nature are fully insured to their full reinstatement or replacement value with a well-established and reputable insurer against fire and all other risks normally insured against by companies carrying on similar business or owning property and/or assets of a similar nature to such companies and each of the MGT/IST Group Companies is covered on normal market terms against all legal liability and risks normally insured against by such companies (including liability to employees or third parties for personal injury or loss or damage to property, product liability and loss of profit and environmental liability).
