Health Plan Reserve Assessment Sample Clauses

Health Plan Reserve Assessment. In addition to the monthly contributions provided above, all eligible active employees and pre-65 year old retirees shall contribute a Health Plan Reserve Assessment of $10.00 per month. All eligible post-65 retirees and eligible dependents (spouses and children) shall contribute $10.00 per month each, up to a maximum of $40.00 per month. However, these monthly contributions shall continue only until the retiree and/or dependent reaches age 75, at which time the post-75 year-old retiree/dependent shall not be required to make any monthly contributions. The funds generated from this Assessment shall be placed in a Health Plan Reserve to offset current and future health care cost increases as needed. If the Joint Health Management Board determines such funds are not needed for this purpose, the Board may determine to reduce, rebate or refund such assessment. All retiree plan participants age 65 and over who are eligible for Medicare shall designate Medicare as their primary insurance coverage.
Sample 1
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Health Plan Reserve Assessment. In addition to the monthly contributions provided above, all eligible active employees and pre-65-year-old retirees shall contribute a Health Plan Reserve Assessment of $10.00 per month. All eligible post-65 retirees and eligible dependents (spouses and children) shall contribute $10.00 per month each, up to a maximum of $40.00 per month. However, these monthly contributions shall continue only until the retiree and/or dependent reaches age 75, at which time the post-75-year-old retiree/dependent shall not be required to make any monthly contributions. The funds generated from this Assessment shall be placed in a Health Plan Reserve to offset current and future health care cost increases as needed. If the Joint Health Management Board determines such funds are not needed for this purpose, the Board may determine to reduce, rebate or refund such assessment. All retiree plan participants age 65 and over who are eligible for Medicare shall designate Medicare as their primary insurance coverage. Effective May 1, 2023 suspend the $10 per month reserve assessment for all Plan Participants. Article 18, 4.3, 4.4, 4.5,4.6 and 4.7are hereby eliminated, and a new 4.3 shall state:
Sample 1

Related to Health Plan Reserve Assessment

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