Health Care Contribution Schedules Sample Clauses

Health Care Contribution Schedules. As of January 1, 2017 the required faculty member contribution for coverage under the health plans offered by the University shall be as follows: Hofstra EPO Plan As of January 1, 2017 and thereafter: Individual Coverage 25% Family Coverage 25% Hofstra POS Plan Plan Individual Coverage Family Coverage As of: January 1, 2017 25% 25% January 1, 2019 25% 26% January 1, 2020 25% 27% Other Plans Offered by Hofstra As of January 1, 2012 25% of premium 25% of premium 25% of premium 25% of premium All contributions shall be collected from the faculty member’s pay on a pre-tax basis. Premiums shall be set and faculty notified of the new premium schedule prior to the open enrollment period each year, the date of notification to be at least sixty (60) days before the effective date. Notwithstanding the percentage contribution specified above, the annual increase in the premium for the Hofstra EPO and POS plans against which the contribution is calculated shall be the lesser of the percentage increase in the premium for the plan selected or the percentage increase in the previous year’s AON Consulting Healthcare trend rate. In no instance, however, shall the increase in the total premium on which the percentage contribution is made be greater than fifteen (15%) percent.
Sample 1
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Health Care Contribution Schedules. As of January 1, 2012 the required faculty member contribution for coverage under the health plans offered by the University shall be as follows: Hofstra EPO Plan As of January 1: Individual Coverage Family Coverage 2012 18% 20% 2013 20% 21% 2014 22% 22% 2015 24% 23% 2016 25% 25% Hofstra POS Plan Plan Individual Coverage Family Coverage As of: Pre 9/1/06 Faculty Post 8/31/06 Faculty Pre 9/1/06 Faculty Post 8/31/06 Faculty January 1, 2012 20% 25% 22.5% 25% January 1, 2013 25% 25% 25% 25% Other Plans offered by Hofstra As of January 1, 2012 25% of premium 25% of premium 25% of premium 25% of premium All contributions shall be collected from the faculty member’s pay on a pre-tax basis. Premiums shall be set and faculty notified of the new premium schedule prior to the open enrollment period each year, the date of notification to be at least sixty (60) days before the effective date. Notwithstanding the percentage contribution specified above, the annual increase in the premium for the Hofstra EPO and POS plans against which the contribution is calculated shall be the lesser of the percentage increase in the premium for the plan selected or the percentage increase in the previous year’s AON Consulting Healthcare trend rate. In no instance, however, shall the increase in the total premium on which the percentage contribution is made be greater than fifteen (15%) percent.
Sample 1

Related to Health Care Contribution Schedules

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