Health Insurance Incentive Plan Sample Clauses

Health Insurance Incentive Plan. Full-time employees working six to eight hours per day who are eligible for medical coverage may elect to waive medical coverage in exchange for $100 monthly cash payment. To elect this option, the employee shall: File a completed Waiver Form Provide satisfactory proof of health insurance through another plan. Only one (1) medical stipend will be provided per family to fund either the medical insurance coverage or the Health Insurance Incentive.
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Health Insurance Incentive Plan. A $85/month stipend will be provided by the Board to each full-time (6-8 hour) Bargaining Unit Member who does not carry health insurance. This option amount shall be $15 for part-time members. This provision is subject to Federal tax law amendments. To elect this option, the employee shall:
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Health Insurance Incentive Plan. The Board agrees to implement the following Health Insurance Incentive Plan (Appendix E):
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Health Insurance Incentive Plan. The Board agrees to implement the following plan: Eligible Participants - Bargaining unit members who are insured under a health insurance plan other than that provided in this agreement and who elect to drop their health insurance coverage status and bargaining unit member new to the district during the duration of this negotiated agreement. Plan Benefits - Each eligible plan participant will receive an incentive payment equal to thirty (30%) percent of the amount which the Board would have been required to contribute to that member’s health insurance premium payment had the member subscribed to that coverage. The incentive payment will be made monthly beginning with the first month following acceptance of the application and that such payments will be subject to all applicable withholding including, but not limited to STRS contributions, and federal, state and local income tax. To participate in the Health Insurance Incentive Plan, you must complete an Election Agreement for this plan. You will be able to elect to exchange coverage for cash compensation on the later of your date of employment or the date you become eligible for medical benefits. Generally, you will not be permitted to change your election to participate in the Plan or to vary the level of benefits you have selected during the Plan Year. Plan Years begin each February 1st and end on January 31st. However, you may change your previous election if you have a “change in family status.” A change in family status is defined in Internal Revenue Service regulations as follows: -You become divorced or legally separated from your legal spouse. -Your spouse, dependent, or beneficiary dies. -You become permanently disabled. -You marry. -The birth or legal adoption of a person who qualifies as your dependent.
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Health Insurance Incentive Plan. Full-time employee who are eligible for medical coverage may elect to waive medical coverage in exchange for a $250 monthly cash payment, subject to federal tax law amendments. To elect this option, the employee shall: • File a completed Waiver Form; • Provide satisfactory proof of health insurance through another plan. Only one medical stipend will be provided per family to fund either the medical insurance coverage or the health insurance incentive provision.
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Related to Health Insurance Incentive Plan

  • 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.

  • 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.

  • 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 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:

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