Health Insurance Credit Sample Clauses

Health Insurance Credit. Opt-Out Entirely Employees may opt-out entirely of the CalPERS medical plans after providing proof of other qualified coverage. In this event, 66⅔% of the District premium savings resulting from this opt- out, and based on the tier level the Employee is eligible for; (utilizing the corresponding Kaiser tier rate), shall be credited to the Employee as additional compensation per month. Opt-Out for Qualified Dependents Employees may enroll self and not insure some or any of his/her qualified dependents in a CalPERS medical plan. After providing proof of qualified coverage for eligible dependents not covered by the District’s plan, 66⅔% of the District premium savings resulting from this election, based on the tier level the Employee selects as compared to the tier level eligible for, (utilizing the corresponding Kaiser tier rate), shall be credited to the employee as additional compensation per month.
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Health Insurance Credit. Employees who provide proof of other medical coverage may choose to receive a credit instead of enrolling in a medical plan with the County.
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Health Insurance Credit. Bargaining unit members who retire from service in the Xxxxxx City School District, and who are members of the District’s Health Insurance Plan and who have ten (10) years of service with the District shall be eligible for a $90,000 health insurance credit. It is understood that this credit is not money distributed to the retiree. The District may require that the employee has applied and eligible for a pension under the New York State Employees’ or New York State Teachers’ Retirement System. When a retiree elects to continue in the plan, he/she shall be responsible for paying the applicable contribution rate each year as stipulated in Article 10 B and C and as determined by the actual premium each year. Each year, the amount debited from the health insurance credit account shall be the difference between the full premium for that year and the retirees’ contribution. For example: Article 10 B stipulates that the District pay 90% of the premium and the employee pay 10%, therefore, the retiree continuing in the program will pay 10% of the current year’s premium and have the remaining 90% drawn from the $90,000 health insurance credit until such credit is exhausted. The District shall notify the retiree by U.S. mail of the premium payment and balance of remaining insurance credits annually. If the retiree should expire before the insurance credits are exhausted, the retiree’s eligible dependents (as defined in the Health Benefits Master Plan Document) may continue receiving the benefit according to the same terms until the credits are used up. When the credits are exhausted, retirees and surviving dependents may continue to carry health insurance through the district by making the full premium payments. NON-ELECTIVE EMPLOYER CONTRIBUTIONS: Retiring unit members with a minimum of 10 years service shall have a non-elective employer contribution directed to their designated 403b account in an amount equal to $100.00 per unused sick day to a maximum of 362 days plus days earned in accordance with Article 12.A2. Teachers with a minimum of 10 years service and eligible for an unreduced pension who submit a non- revocable letter of resignation for the purpose of retirement no later than January 1st and who retire no earlier than the end of the school year in which they give notice, shall be eligible for a non-elective employer contribution to their designated 403b account in an amount equal to $18,000. The teacher must verify with the District the years of membershi...
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Related to Health Insurance Credit

  • Health Insurance The Couple agrees that: (check one) ☐ - Each Spouse is responsible for THEIR OWN health insurance. ☐ - Health insurance IS PROVIDED by ☐ Husband ☐ Wife (“Health Insurance Paying Spouse”) to ☐ Husband ☐ Wife (“Health Insurance Receiving Spouse”). Health insurance shall include: (check all that apply) ☐ - Medical ☐ - Dental ☐ - Vision Care ☐ - Other. . To facilitate the use of such coverage for the Health Insurance Receiving Spouse, the Health Insurance Paying Spouse shall cooperate fully and in a timely manner, including, but not limited to, obtaining and providing all necessary insurance cards and claim forms, completing and submitting all necessary documents, and delivering all insurance payments.

  • Retiree Health Insurance Retired members of the Department receiving, or to receive City of Lincoln monthly pension checks, may participate in the group comprehensive health care plan for active City employees, provided that each retiree so desiring will execute the required forms in a timely fashion, and further provided that each retiree will be required to pay the full monthly cost at the current rates subject to any rate increases which may occur from time to time. Such payment will be made by payroll deduction from pension checks, or by direct payment in the case of an early retiree.

  • Health Insurance Coverage (a) An employee who is laid off or separated from employment on or after July 1, 1994, under circumstances which entitle such employee to reemployment rights under this Article, other than pursuant to Section 23, may elect to continue membership in their health benefit plan, upon advance payment of the regular percentage contribution to the cost of the plan, during the first six

  • Health Insurance Plan (Excluding Summer Students Regardless of Wage Schedule Paid From) These employees shall be considered as a group in order that they may apply to participate in the Supplementary Plan and the Extended Health Benefit Plan at group rates. One hundred percent (l00%) of all premiums will be paid by the employees. The Company will pay one hundred percent (l00%) of the Ontario Health Insurance Plan premium for temporary employees who have four months' accumulated service.

  • Group Health Insurance Immediately following retirement, the teacher shall have the option of remaining in the Corporation’s current group health insurance plan if all of the following conditions are met as of the date of retirement and thereafter:

  • Health Insurance Benefits To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s current group health insurance policies, Executive will be eligible to continue Executive’s group health insurance benefits at Executive’s own expense. If Executive timely elects continued coverage under COBRA, the Company shall pay Executive’s COBRA premiums, and any applicable Company COBRA premiums, necessary to continue Executive’s then-current coverage for a period of 18 months after the date of Executive’s termination of employment; provided, however, that any such payments will cease if Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such premiums. Executive agrees to immediately notify the Company in writing of any such enrollment. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot provide the foregoing benefit without potentially incurring financial costs or penalties under applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable monthly amount to continue his group health insurance coverage in effect on the date of separation from service (which amount shall be based on the premium for the first month of COBRA coverage), which payments shall be made regardless of whether Executive elects COBRA continuation coverage and shall commence in the month following the month in which Executive incurs a separation from service and shall end on the earlier of (x) the date on which Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such amounts and (y) 18 months after the date of Executive’s separation from service.

  • Retirement Health Insurance Subd. 1. Benefit Eligibility for Employees who Retire Before Age 65

  • Health insurance premiums If you are unemployed and have received unemployment compensation for 12 consecutive weeks under a federal or state program, you may take payments from your IRA to pay for health insurance premiums without incurring the 10 percent early distribution penalty tax. 6)

  • Ontario Health Insurance Plan The parties recognize that the method of funding OHIP has been changed from an individually paid premium to a system funded by an employer paid payroll tax. If the government, at any time in the future, reverts to an individually paid premium for health insurance, the parties agree that the Colleges will resume paying 100% of the billed premium for employees.

  • Health Insurance Committee The UFF-USF-GAU President will appoint one (1) employee to serve on the University's Student Health Insurance Committee.

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