Common use of HEALTH CARE AND LIFE INSURANCE Clause in Contracts

HEALTH CARE AND LIFE INSURANCE. Section 1. HEALTH The City shall contract annually with one or more health insurance carriers to provide a group health care plan. If an employee elects single coverage, the City shall contribute ninety percent (90%) of the monthly cost of coverage and the employee's contribution shall equal ten percent (10%) of the monthly cost of coverage. If an employee elects 2/4 party or family coverage, the City shall contribute an amount equal to eighty six percent (86%) of the monthly cost of coverage and the employee's contribution shall equal fourteen percent (14%) of the monthly cost of coverage. The Health Care Plan design shall be in accordance with Appendix “D”. The percentage rate shall not change during this agreement. Actual monetary payment changes shall be effective with the insurance renewal date.