HEALTH INSURANCE REBATE Sample Clauses

HEALTH INSURANCE REBATE. Effective January 1, 2017, unit members who are currently enrolled in the District’s health insurance program (either individual or dependent coverage) may elect to withdraw from all coverage in the plan. Those who elect this option (a complete withdrawal of coverage for both the individual and his/her dependents) shall receive thirty-three and one- third percent (33.3%) of the savings to the District, which shall be calculated based on the annual premium for individual coverage provided that they remain uncovered for a period of twelve (12) consecutive months. Payments will be made at the end of the twelve (12) month period and will be made annually each twelve (12) months thereafter provided that the unit member and his/her dependents remain uncovered under the District plan. This provision shall also be made available to newly hired unit members who elect not to enroll in the District’s health insurance program. Effective September 1, 2006, those who elect this option shall receive thirty-seven and one-half percent (37.5%) of the savings to the District contingent upon the type of coverage held and provided that they do not change this option for a twelve (12) month period. Payments will be made at the end of the twelve (12) month period and will be made annually each twelve (12) months thereafter provided that the individual and/or family remains uncovered under the District plan. (Pursuant to Side Letter of Agreement 10/2013) Individuals must notify the District by December 15 if they wish to participate. New employees will initially be asked to indicate their desire to enroll or not to enroll in the program prior to the offer of a rebate. Employees who are ineligible for dependent coverage and who subsequently become eligible (through acquisition of dependents) and elect dependent coverage would be entitled to the incentive if they subsequently elect to drop that coverage. Employees shall be eligible to reapply for coverage at any time subject to the requirements and conditions specified in the New York State Health Insurance Program, provided that in the case of an individual who reenters in less than twelve (12) months, no payments shall be made.
Sample 1
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HEALTH INSURANCE REBATE. Subject to the Rules and Regulations of the New York State Health Insurance Plan (“NYSHIP”) District employees who are currently enrolled in the District’s health insurance program may elect to withdraw from or reduce coverage in the plan . Those who elect this option shall receive one half (1/2) of the savings to the District contingent upon the type of coverage held as of June 1, 1990, and provided that they do not change this option for a twelve (12) month period . Payments will be made at the end of the twelve (12) month period and will be made annually each twelve (12) month thereafter provided that the individual and/or family remains uncovered under the District plan . Individuals must notify the District by December 10th of the prior school year if they wish to participate . Employees who are ineligible for family coverage as of June 1, 1990 (i .e ., single, widowed or divorced without any eligible dependents), who subsequently become eligible (through acquisition of dependents), and elect family coverage would be entitled to the incentive, if they subsequently elected to drop that coverage . Employees shall be eligible to reapply for coverage at any time subject to the requirements and conditions specified in the New York State Health Insurance Program; provided that in the case of an individual who reenters in less than twelve
Sample 1
HEALTH INSURANCE REBATE. Effective January 1, 2012, eligible nurses shall be paid the same health insurance rebate as that provided to District employees on the same terms (37.5% of the savings to the District), beginning with payments made in January, 2012.
Sample 1
HEALTH INSURANCE REBATE. Subject to the Rules and Regulations of the New York State Health Insurance Plan (“NYSHIP”) unit members who are entitled to coverage under the District’s health insurance program may elect to withdraw from or reduce coverage in the plan. Those who elect this option shall receive one half (½ of the savings to the District contingent upon the type of coverage held and provided that they do not change this option for a twelve (12) month period). Employees hired on or after July 1, 2017 who elect to withdraw from or reduce coverage in the plan shall receive one-third (1/3) of the savings to the District, which shall be calculated based on the annual premium for individual coverage provided that they remain uncovered for a period of twelve (12) consecutive months. Payments will be made at the end of the twelve (12) month period and will be made annually each twelve (12) months thereafter provided that the individual and /or family remains uncovered under the District plan. Individuals must notify the District by November 1 of the prior school year if they wish to participate. New employees will initially be asked to indicate their desire to enroll or not to enroll in the program prior to the offer of a rebate. Employees who are ineligible for family coverage and who subsequently become eligible (through acquisition of dependents) and elect family coverage would be entitled to the incentive if they subsequently elect to drop that coverage. Employees shall be eligible to reapply for coverage at any time subject to the requirements and conditions specified in the New York State Health Insurance Program, provided that in the case of an individual who reenters in less that twelve (12) months, no payment shall be made.
Sample 1
HEALTH INSURANCE REBATE. District employees who are currently enrolled in the District’s health insurance program may elect to withdraw from or reduce coverage in the plan. Those who elect this option shall receive one half (1/2) of the savings to the District contingent upon the type of coverage held and provided that they do not change this option for a twelve (12) month period. Effective September 1, 2006, those who elect this option shall receive 37.5% of the savings to the District contingent upon the type of coverage held and provided that they do not change this option for a twelve (12) month period. Payments will be made at the end of the twelve (12) month period and will be made annually each twelve (12) months thereafter provided that the individual and/or family remains uncovered under the District plan. Individuals must notify the District by December 15 if they wish to participate. New employees will initially be asked to indicate their desire to enroll or not to enroll in the program prior to the offer of a rebate. Employees who are ineligible for family coverage and who subsequently become eligible (through acquisition of dependents) and elect family coverage would be entitled to the incentive if they subsequently elect to drop that coverage. Employees shall be eligible to reapply for coverage at any time subject to the requirements and conditions specified in the New York State Health Insurance Program, provided that in the case of an individual who reenters in less than twelve (12) months, no payments shall be made.
Sample 1
HEALTH INSURANCE REBATE. District employees who are currently enrolled in the District’s health insur- ance program may elect to withdraw from or reduce coverage in the plan. Those who elect this option shall receive one half (½) of the savings to the District contingent upon the type of coverage held and provided that they do not change this option for a twelve (12) month period. Payments will be made at the end of the twelve (12) month period and will be made annually each twelve (12) month thereafter provided that the individual and/or family remains uncovered under the District plan. Individuals must notify the District by December 1 if they wish to participate. New employees will initially be asked to indicate their desire to enroll or not to enroll in the program prior to the offer of a rebate. Employees who are ineligible for family coverage and who subsequently become eligible (through acquisition of dependents), and elect family coverage would be entitled to the incentive, if they subsequently elect to drop that coverage. Employees shall be eligible to reapply for coverage at any time subject to the requirements and conditions specified in the New York State Health Insurance Program; provided that in the case of an in- dividual who reenters in less than twelve (12) months, no payment shall be made.
Sample 1
HEALTH INSURANCE REBATE. District employees who are currently enrolled in the District’s health insur- ance program may elect to withdraw from or reduce coverage in the plan . Those who elect this option shall receive one half (½) of the savings to the District contingent upon the type of coverage held and provided that they do not change this option for a twelve (12) month period . Payments will be made at the end of the twelve (12) month period and will be made annually each twelve (12) month thereafter provided that the individual and/or family remains uncovered under the District plan . Individuals must notify the District by December 1 if they wish to participate . New employees will initially be asked to indicate their desire to enroll or not to enroll in the program prior to the offer of a rebate . Employees who are ineligible for family coverage and who subsequently become eligible (through acquisition of dependents), and elect family coverage would be entitled to the incentive, if they subsequently elect to drop that coverage . Employees shall be eligible to reapply for coverage at any time subject to the requirements and conditions specified in the New York State Health Insurance Program; provided that in the case of an in- dividual who reenters in less than twelve (12) months, no payment shall be made .
Sample 1
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