Insurance Cap Clause Samples
An Insurance Cap clause sets a maximum limit on the amount of insurance coverage a party is required to maintain under a contract. Typically, this clause specifies the types of insurance (such as general liability or professional indemnity) and the monetary cap for each, ensuring that the party does not need to obtain coverage beyond a certain threshold. By defining these limits, the clause helps control costs for the insured party and provides predictability for both sides regarding risk allocation and financial exposure in the event of a claim.
Insurance Cap. The insurance cap refers to the maximum amount (dollar or percentage) the College will contribute to the cost of an employee’s insurance premium.
Insurance Cap. The County’s contribution for the total cost of health insurance provided in section 9.3 above (excluding the HSA) shall be capped at the amounts set forth below for 2016 benefits, which amounts shall be increased each year by fifteen percent (15%) over the prior year cap throughout the life of this Agreement. Effective January 1, 2016 Employee only Employee plus spouse Employee plus family Employee plus child Employee plus 2 plus children $486.71 $1,027.75 $1,435.14$915.25 $1,214.44 *Domestic partner coverage will be provided to the extent available under the County’s insurer’s policy. If the County favorably adjusts the insurance caps for one employee group in any benefit year during the period of this collective bargaining Agreement, then the County shall adjust the Nurses’ insurance caps to match the other employee groups’ insurance caps accordingly.
Insurance Cap. The District provides a maximum dollar amount (cap) per month to assist in the payment of medical/dental/vision insurance for the employee and qualified dependents. The cap will remain in place until another agreement is reached.
9.2.1 Health and welfare costs that exceed the negotiated cap amount will be paid by active employees.
9.2.2 The maximum contribution stated below is a “cap” and in no way obligates the District, in the event of a reduction in the cost of the benefit or any other mutually agreed change in benefit, to refund or otherwise credit employees with any difference in cost.
9.2.3 Effective October 1, 2017, the District contribution to benefits will be based on a four-tier rate. The District contribution to benefits will be as follows for eligible, full-time employees:
9.2.4 The District will offer unit members an IRS 125 plan as a vehicle for facilitating a pre-tax deduction of the employee’s cap contribution.
Insurance Cap. Effective July 1, 2016-June 30, 2019, the Board will pay 80% and the employee will pay 20% of the health premium.
Insurance Cap. Effective with the 2004-05 school year, the Board will pay 90% and the employee will pay 10% of the health premium.
Insurance Cap. The District provides a maximum dollar amount (cap) per month to assist in the payment of medical/dental/vision insurance for the employee and qualified dependents. The cap will remain in place until another agreement is reached.
9.2.1 Health and welfare costs that exceed the negotiated cap amount will be paid by active employees.
9.2.2 The maximum contribution stated below is a “cap” and in no way obligates the District, in the event of a reduction in the cost of the benefit or any other mutually agreed change in benefit, to refund or otherwise credit employees with any difference in cost.
9.2.3 Effective October 1, 2015, the District contribution to benefits will be based on a four tier rate. The District contribution to benefits will be as follows for eligible, full-time employees:
a. Employee only: $9,117 per year
b. Employee plus spouse: $14,757 per year
c. Employee plus child(ren): $13,509 per year
d. Employee plus family: $21,573 per year
9.2.4 The District will offer unit members an IRS 125 plan as a vehicle for facilitating a pre-tax deduction of the employee’s cap contribution.
Insurance Cap. 30 The County's contribution for the total cost of health insurance provided in Section 32 County’s 2022 Benefits Cost Share sheet for HDHP-4, which amounts shall be 1 increased each year by fifteen percent (15%) over the prior year cap during the term 2 of this Agreement. 4 *Domestic partner coverage will be provided to the extent available under the 5 County's insurer's policy. 7 If the County favorably adjusts the insurance caps for one employee group in any 8 benefit year during the period of this collective bargaining Agreement, then the 9 County shall adjust the Nurses' insurance caps to match the other employee 10 groups' insurance caps accordingly.