Health Benefit Premium Sharing Sample Clauses

Health Benefit Premium Sharing. Effective as of the date such change can be implemented by the Author- ity’s Benefits Office (but not earlier than September 1, 2006), Appendix H shall be revised to provide that the full-time employee share of the total premium charged will be fifteen percent (15%) for all plan of- ferings other than the closed indemnity plan (i.e., the HMO and CIGNA Open Access Plus plan). The closed indemnity plan employee share will be set at twenty percent (20%) for the 1+1 and family options and fifteen percent (15%) for the single option. Pro- portional adjustments will be made for the employee rates for part-time employees. Starting with the plan year beginning July 1, 2007, seventy-five percent (75%) of any cost increase for any plan offering other than the closed indemnity plan shall be paid by the Authority and twenty-five (25%) shall be paid by em- ployees.
Sample 1
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Health Benefit Premium Sharing. Effective as of the date such change can be implemented by the Authority’s Benefits Office (but not earlier than September 1, 2006), Appendix H-1 reflects that the full- time employee share of the total premium charged will be fifteen percent (15%) for all plan offerings other than the closed indemnity plan (i.e., the HMO and CIGNA Open Access Plus plan). Effective as of the date such change can be implemented by the Authority’s Benefits Office on or after July 20, 2018, shall be revised to provide that the full-time employee share of the total premium charged will be twenty-two percent (22%) for all plan offerings (other than the closed indemnity plan, i.e., the HMO and CIGNA Open Access Plus plan) in 2018 (Appendix H-2); increasing to twenty-four percent (24%) effective January 1, 2019 (Appendix H- 3); and increasing to twenty-five percent (25%) effective January 1, 2020 (Appendix H-4). The closed indemnity plan employee share will be set at twenty percent (20%) for the 1+1 and family options and fifteen percent (15%) for the single option. Proportional adjustments will be made for the employee rates for part-time employees. Starting with the plan year beginning July 1, 2007, seventy-five percent (75%) of any cost increase for any plan offering other than the closed indemnity plan shall be paid by the Authority and twenty-five (25%) shall be paid by employees.
Sample 1

Related to Health Benefit Premium Sharing

  • Benefit Premiums The Employer shall continue to pay its portion of insured benefit premiums, provided employees continue to pay their portion, as follows:

  • Same Sex Benefit Coverage An employee who co-habits with a person of the same sex, and who promotes such person as a "spouse" (partner), and who has done so for a period of not less than twelve (12) months, will be eligible to have the person covered as a spouse for purposes of Medical, Extended Health, and Dental benefits.

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • Retiree Health Benefits 1. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3.

  • Group Health Benefit Plans, Carrier and Premiums 7.1.1 When enrolment and other requirements for group participation in various plans have been met, the Employer will sponsor such plans to the portion agreed upon and such sponsorship shall not exceed that which is authorized or accepted by the benefit agency.

  • Benefit Programs The Executive shall be eligible to participate in any plans, programs or forms of compensation or benefits that the Company or the Company’s subsidiaries provide to the class of employees that includes the Executive, on a basis not less favorable than that provided to such class of employees, including, without limitation, group medical, disability and life insurance, paid time-off, and retirement plan, subject to the terms and conditions of such plans, programs or forms of compensation or benefits.

  • Health Benefits The method for determining the Employer bi-weekly contributions to the cost of employee health insurance programs under the Federal Employees Health Benefits Program (FEHBP) will be as follows:

  • Health Benefit Plan Par. 1. The Health Benefit Plan covering life insurance, sickness and accident benefits, and hospitalization insurance, or any changes thereto that are in accordance with the National Elevator Industry Health Benefit Plan and Declaration of Trust, shall be a part of this Agreement and adopted by all parties signatory thereto.

  • State Employee Group Insurance Program (SEGIP) During the life of this Agreement, the Employer agrees to offer a Group Insurance Program that includes health, dental, life, and disability coverages equivalent to existing coverages, subject to the provisions of this Article. All insurance eligible employees will be provided with a Summary Plan Description (SPD) called “Your Employee Benefits”. Such SPD shall be provided no less than biennially and prior to the beginning of the insurance year. New insurance eligible employees shall receive a SPD within thirty (30) days of their date of eligibility.

  • Defined Benefit Pension Plan 1. The Employer and the Union hereby agree to the continuation of the existing Northern California Glaziers, Architectural Metal and Glass Workers Pension Trust Agreement ("Defined Benefit Pension Trust").

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