Common use of Insurance Maintenance Clause in Contracts

Insurance Maintenance. The City agrees to provide a comprehensive health and welfare plan to all eligible bargaining unit employees. Bargaining unit employees will pay 7.5% of the total monthly premium for the plan. In addition, the City and bargaining unit employees agree to split 50/50 any premium increase above 10%. City and unit agree to work cooperatively in a City wide insurance committee to continue to explore insurance packages in order to offer alternate potential insurance coverage at differing levels that may be selected by individual members of the unit. At least one alternative offered shall be reasonably similar to the current coverage, if available in Southern Oregon. Eligible employees hired on or before January 1, 2001, will receive City paid medical and prescription benefits for up to 48 months following retirement. Retired employees shall pay the same percentage of the total monthly premium as regular employees. Eligible employees hired after January 1, 2001, will be receive 50% City paid medical and prescription benefits for up to six months only following retirement. To be eligible for coverage the employee must be covered under the City’s insurance plan at the time of retirement, not be eligible for Medicare, nor be covered under another insurance plan. A. Obligation to Pay Premiums is Exclusive. It is understood the City’s only obligation is to pay for premiums on any of the insurance policies. No claim shall be made against the City as a result of denial of benefits by the insurance company.

Insurance Maintenance. The City agrees to provide a comprehensive health and welfare plan to all eligible bargaining unit employees. Bargaining unit employees will pay 7.5% of the total monthly premium for the plan. In addition, addition the City and bargaining unit employees agree to split 50/50 any premium increase above 10%. City and unit agree to work cooperatively in a City wide insurance committee to continue to explore insurance packages in order to offer alternate potential insurance coverage at differing levels that may be selected by individual members of the unit. At least one alternative offered shall be reasonably similar to the current coverage, if available in Southern Oregon. Eligible employees hired on or before January 1, 2001, will receive City paid medical and prescription benefits for up to 48 months following retirement. Retired employees shall pay the same percentage of the total monthly premium as regular employees. Eligible employees hired after January 1, 2001, will be receive 50% City paid medical and prescription benefits for up to six months only following retirement. To be eligible for coverage the employee must be covered under the City’s insurance plan at the time of retirement, not be eligible for Medicare, nor be covered under another insurance plan. A. Obligation to Pay Premiums is Exclusive. It is understood the City’s only obligation is to pay for premiums on any of the insurance policies. No claim shall be made against the City as a result of denial of benefits by the insurance company.