Hospitalization Insurance Plan. Effective January 1, 2017, a teacher electing to participate in a single or family membership in the Xxxx Community School Corporation Basic Medical and Hospitalization Insurance Plan shall pay $1,743.60 annually toward the cost of a single plan and $3,997.00 annually toward the cost of family plan. Effective January 1, 2019, the Xxxx Community School Corporation shall pay $9,639.12 annually toward the cost of a single membership and $22,121.16 annually toward the cost of a family membership in the Xxxx Community School Corporation Basic Medical and Hospitalization Insurance Plan. Effective January 1, 2019, a teacher electing to participate in a single or family membership in the Xxxx Community School Corporation Basic Medical and Hospitalization Insurance Plan shall pay $1,743.60 annually toward the cost of a single plan and $3,997.00 annually toward the cost of family plan.
Hospitalization Insurance Plan. Section 1 Effective January 1, 2018 or the first month following ratification of this agreement, whichever comes later, the City agrees to contribute eight hundred dollars ($800) to the City’s health plan toward monthly premium costs for each eligible employee in the Bargaining Unit who elects to participate in the City’s health plan and for each vacant position in the Bargaining Unit. Effective January 1, 2019 or the first month following ratification of this Agreement, whichever comes later, and again on January 1, 2020 or the first month following ratification of this Agreement, whichever comes later, the City contribution shall adjust by the Total Medical and Pharmacy Trend for Plans with a Medium Level of Member Cost sharing plus 2%, as published in the Xxxxxx X. Xxxxxxxxx & Co. GBS Actuarial Consensus Trend Forecast for the 2nd quarter of 2018 and 2019 respectively. The City’s monthly contribution is for the purpose of providing comprehensive health coverage as well as any elected dental coverage. An employee who elects such coverage shall be responsible for payment of any premium in excess of the City’s contribution, which shall be deducted from the employee’s paycheck. However during the term of this Agreement, the employee’s premium payment shall increase by no more than 5% per year.
Hospitalization Insurance Plan. Section 1 Effective January 1, 2018 or the first full month following ratification of this Agreement, whichever comes later, the City agrees to make comprehensive health care available to employees and eligible dependents and contribute eight hundred dollars ($800) per month toward monthly premium costs for each eligible employee in the Bargaining Unit who elects to participate in the City-sponsored medical plan and each vacant position in the Bargaining Unit.
