Common use of Health Insurance Waiver Clause in Contracts

Health Insurance Waiver. Full-time, active employees or retirees who are eligible for City-provided health care coverage and choose to not participate and waive such coverage because they are covered by an alternative insurance plan by an employer other than the City of Bay City, shall receive a payment (in lieu of health care coverage) of one hundred fifty dollars ($ 150) per month, paid monthly, for each and every month such coverage is waived. An employee who waives health insurance coverage shall have the opportunity to resume coverage during the calendar year as a qualifying event per IRS Regulations or at the next “open enrollment” period under any circumstances. In such case, the monthly payment in lieu of coverage will cease and the City’s health care coverage will be reinstated effective on the date of the qualifying event. Upon reinstatement of health insurance, the employee will pay any bi-weekly premiums associated with such coverage.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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Health Insurance Waiver. Full-timeAny active employee who is eligible, active employees or retirees who are eligible for but chooses not to participate in City-provided health care coverage coverage, who can alternatively show proof of insurance from another source, and choose to not participate and waive such coverage because they are covered by an alternative insurance plan by an employer other than who signs a waiver with the City of Bay City, shall receive a payment (in lieu of health care coverage) of coverage equal to one hundred fifty dollars ($ 150$150.00) per month, paid monthly, for each and every month such coverage is waived. An employee who waives his right to health insurance coverage shall have the opportunity to resume coverage during the calendar year as if the employee has a qualifying status change event per IRS Regulations or at the next “open enrollment” period under any circumstances. In such case, the monthly payment in lieu of coverage will cease and the City’s health care coverage will be reinstated re-instated effective on the date first of the qualifying event. Upon reinstatement month following written notice to the City of health insurance, the employee will pay any biemployees desire to re-weekly premiums associated with such coverageenroll.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Health Insurance Waiver. Full-time, active employees or future retirees who are eligible for City-provided health care coverage and choose chooses to not participate and waive such coverage because they are covered by an alternative insurance plan by an employer other than the City of Bay Citycoverage, shall receive a payment (in lieu of health care coverage) of one hundred fifty dollars ($ $150) per month, paid monthly, for each and every month such coverage is waived. An employee or retiree who waives health insurance coverage shall have the opportunity to resume coverage during the calendar year as if the employee/retiree experience a qualifying status change event per IRS Regulations or at the next "open enrollment" period under any circumstances. In such case, the monthly payment in lieu of coverage will cease and the City’s 's health care coverage will be reinstated effective on the date first of the qualifying eventmonth following written notice to the City of the employees desire to re-enroll. Upon reinstatement Active employees must show proof of health insurance, alternative insurance cover from another source and sign a waiver with the employee will pay any bi-weekly premiums associated with such coverageCity.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Health Insurance Waiver. Full-timeAny active employee or future retiree who is eligible, active employees or retirees who are eligible for City-but chooses not to participate in City- provided health care coverage coverage, who can alternatively show proof of insurance from another source, and choose to not participate and waive such coverage because they are covered by an alternative insurance plan by an employer other than who signs a waiver with the City of Bay City, shall receive a payment (in lieu of health care coverage) of one hundred fifty dollars ($ 150) coverage equal to $150 per month, paid monthly, for each and every month such coverage is waived. An employee who waives his right to health insurance coverage shall may have the opportunity to resume coverage during the calendar year as the employee has a qualifying event per IRS Regulations status change event, or at the next “open enrollment” period under any circumstances. In such case, the monthly payment in lieu of coverage will cease and the City’s health care coverage will be reinstated re-instated effective on the date first of the qualifying event. Upon reinstatement month following written notice to the City of health insurance, the employee will pay any biemployees desire to re-weekly premiums associated with such coverageenroll.

Appears in 1 contract

Samples: Letter of Agreement

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Health Insurance Waiver. Full-timeAny active employee or future retiree who is eligible, active employees or retirees who are eligible for but chooses not to participate in City-provided health care coverage coverage, who can alternatively show proof of insurance from another source, and choose to not participate and waive such coverage because they are covered by an alternative insurance plan by an employer other than who signs a waiver with the City of Bay City, shall receive a payment (in lieu of health care coverage) of one hundred fifty dollars ($ 150) coverage equal to $150 per month, paid monthly, for each and every month such coverage is waived. An employee (but not a retiree) who waives his right to health insurance coverage shall may have the opportunity to resume coverage during the calendar year as the employee has a qualifying event per IRS Regulations status change event, or at the next “open enrollment” period under any circumstances. In such case, the monthly payment in lieu of coverage will cease and the City’s health care coverage will be reinstated re-instated effective on the date first of the qualifying event. Upon reinstatement month following written notice to the City of health insurance, the employee will pay any biemployees desire to re-weekly premiums associated with such coverageenroll.

Appears in 1 contract

Samples: Letter of Agreement

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