Common use of Health Insurance Continuation Clause in Contracts

Health Insurance Continuation. Each of the participants in the Program may continue to participate in the District’s group health insurance plan (continue the same individual or family coverage elections as applied prior to retirement) following retirement for twenty-four (24) months. The District shall contribute to the retired teacher’s premium for the medical insurance portion (but not vision and dental) of such plan on the same basis (with exceptions noted below) as a regularly employed teacher for a period of twenty-four (24) months following the cessation of regular health insurance coverage on July 31 of each year. Retiring employees who work a transition year receive insurance benefits, with the exception of Long- Term Disability insurance, in connection with the twelve (12) month transition year employment. The employee will then be eligible for continued health insurance benefits for the remaining twelve (12) months of the Article XVII Retirement Incentive Program benefits. COBRA benefits will only be available if the COBRA benefit period (normally 18 months) extends beyond the other benefits coverage periods, as COBRA coverage periods run concurrently with other benefits provided after termination of employment, including termination of the transition year, if applicable. Medicare eligible retirees will receive medical insurance benefits assuming enrollment in Medicare Part A and Part B.

Appears in 2 contracts

Samples: Master Agreement, Master Agreement

AutoNDA by SimpleDocs

Health Insurance Continuation. Each of the participants in the Program may continue to participate in the District’s group health insurance plan (continue the same individual or family coverage elections as applied prior to retirement) following retirement for twenty-four (24) months. The District shall contribute to the retired teacher’s premium for the medical insurance portion (but not vision and dental) of such plan on the same basis (with exceptions noted below) as a regularly employed teacher for a period of twenty-four (24) months following the cessation of regular health insurance coverage on July AUG 1, 2018 91 31 of each year. Retiring employees who work a transition year receive insurance benefits, with the exception of Long- Term Disability insurance, in connection with the twelve (12) month transition year employment. The employee will then be eligible for continued health insurance benefits for the remaining twelve (12) months of the Article XVII Retirement Incentive Program benefits. COBRA benefits will only be available if the COBRA benefit period (normally 18 months) extends beyond the other benefits coverage periods, as COBRA coverage periods run concurrently with other benefits provided after termination of employment, including termination of the transition year, if applicable. Medicare eligible retirees will receive medical insurance benefits assuming enrollment in Medicare Part A and Part B.

Appears in 1 contract

Samples: Master Agreement

AutoNDA by SimpleDocs

Health Insurance Continuation. Each of the participants in the Program may continue to participate in the District’s group health insurance plan (continue the same individual or family coverage elections as applied prior to retirement) following retirement for twenty-four (24) months. The District shall contribute to the retired teacher’s premium for the medical insurance portion (but not vision and dental) of such plan on the same basis (with exceptions noted below) as a regularly employed teacher for a period of twenty-four (24) months following the cessation of regular health insurance coverage on July AUG 1, 2017 89 31 of each year. Retiring employees who work a transition year receive insurance benefits, with the exception of Long- Term Disability insurance, in connection with the twelve (12) month transition year employment. The employee will then be eligible for continued health insurance benefits for the remaining twelve (12) months of the Article XVII Retirement Incentive Program benefits. COBRA benefits will only be available if the COBRA benefit period (normally 18 months) extends beyond the other benefits coverage periods, as COBRA coverage periods run concurrently with other benefits provided after termination of employment, including termination of the transition year, if applicable. Medicare eligible retirees will receive medical insurance benefits assuming enrollment in Medicare Part A and Part B.

Appears in 1 contract

Samples: Master Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.