Insurance Pool Eligibility Sample Clauses

Insurance Pool Eligibility. The District will fund an insurance pool based on the insurance pool rates per eligible licensed FTE listed below: 2021-2022: $1,409 per eligible licensed FTE 2022-2023: $1,457 per eligible licensed FTE 2023-2024: $1,507 per eligible licensed FTE To be considered eligible, licensed professionals must have a start date prior to November 15 of each insurance year. Any licensed professional who has an out of pocket premium contribution amount as of the date of the distribution calculation will be eligible to receive an additional monthly contribution based on funds available in the insurance pool. Licensed professionals who have no out of pocket cost are not eligible for an additional contribution nor are they eligible to receive any balance of funds; these funds will be reserved for use in the insurance pool. Licensed professionals may be eligible to receive additional contributions from the remaining insurance pool balance of up to 100% of their employee out of pocket amount; less than full-time licensed professionals are limited to additional contributions prorated based on their FTE. In December of each year, the District will calculate the distribution of the insurance pool as follows: Starting point: Total Adopted Budget Licensed FTE Additions/Subtractions: Licensed FTE reduced/increased due to lack of funding (i.e. discontinued grants) or added funding Equals: Net Pool FTE for calculation Times: Insurance Pool rate Equals: Total Monthly Pool available Times: 12 months Equals: Yearly Pool amount available Subtract: Number of Vacant FTE x monthly pool contribution (yearly amount per eligible licensed FTE from the insurance pool rates on the previous page) x Number of months left during the insurance plan year Subtract: Insurance premiums paid to date for licensed professionals leaving employment Equals: Yearly amount of pool available for distribution Divide by: 12 Equals: Monthly pooling amount Subtract: Total monthly employer contributions (Total District insurance cap contributions based on sum of each licensed professional’s District contribution based on FTE benefit tier and benefit elections) and HSA contributions. Maximum amounts based on District Caps at the beginning of this article.
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Related to Insurance Pool Eligibility

  • Insurance Eligibility Unclassified supervisors who receive an employer contribution to health/dental insurance and whose position/appointment ends for reasons other than work performance shall remain eligible for the same employer contributions for six (6) months from the date the position/appointment ends.

  • Benefit Eligibility For purposes of the Benefit Plan entitlement, common-law and same sex relationships will apply as defined.

  • Special Eligibility The following employees also receive an Employer Contribution:

  • Student Eligibility A. The Texas Success Initiative (TSI) requires mandatory assessment for all students to determine college readiness in reading, writing and math. The xxxx authorizes the Texas Higher Education Coordinating Board to prescribe assessment instruments with a statewide passing standard. The initiative allows an institution to determine when a student is ready to perform college‐level coursework. High School students who seek to register in a dual credit course, which will grant college credit must prove “college readiness” by achieving a college level score as outlined in Appendix A.

  • Group Benefits Eligibility 7.2.1 Participation in the Plan shall be a condition of employment for all teachers commencing employment for a full school year.

  • Continuing Eligibility To continue health benefits, a permanent intermittent employee must be credited with a minimum of 480 paid hours in a control period or 960 paid hours in two consecutive control periods.

  • Funding Eligibility Contractor understands, acknowledges, and agrees that, pursuant to Chapter 2272 (eff. Sept. 1, 2021, Ch. 2273) of the Texas Government Code, except as exempted under that Chapter, HHSC cannot contract with an abortion provider or an affiliate of an abortion provider. Contractor certifies that it is not ineligible to contract with HHSC under the terms of Chapter 2272 (eff. Sept. 1, 2021, Ch. 2273) of the Texas Government Code.

  • General Eligibility i. A teacher who received an evaluation rating of ineffective or improvement necessary in the prior school year is not eligible for any salary increase and remains at their prior year salary.

  • Benefits Eligibility The City offers healthcare benefits to regularly appointed full-time and part-time employees and their qualified dependents. The plan is administered in compliance with all applicable federal, state, local laws, statutes and rules.

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