In Lieu of Insurance. Employees not electing health insurance will receive: Full-family subscribers, Three Hundred Thirty Dollars and 16/100 ($330.16), two-party subscribers, two Hundred Eighty-Two Dollars and 98/100 ($282.98), single subscribers, One Hundred Thirty-Four and 74/100 ($134.74) each month. This option is not available when both husband and wife are Employees of Alpena Community College and one spouse is receiving health insurance through a group plan of the Employer The Employee must annually sign a document stating that they have other health insurance coverage and indemnifying the Employer from any liability in connection with medical costs. The Employee may elect to retain this amount in cash or apply this amount to tax sheltered annuities, or non-taxable variable options available through MEA Financial Services, MESSA, or other companies available through the College. Any contribution amounts exceeding the College subsidy shall be payroll deducted pursuant to the authority in MCLA 408.477. An open enrollment period shall be provided whenever contribution subsidy amounts change for the groups.
Appears in 4 contracts
