INSURANCE PROTECTION. Insurance protection for employees travelling on work related business is provided in accordance with the DHB’s insurance policy. The provisions of the insurance policy are available through the Human Resources department.
INSURANCE PROTECTION. Pursuant to the authority set forth in Section 617 of the School Code of 1955, as amended, the Board agrees to furnish to all teachers the following insurance protection:
INSURANCE PROTECTION. The Board shall pay the full cost for group term life insurance protection equal to a teacher's base salary (to the nearest thousand), with a minimum of ten thousand dollars ($10,000) to be paid to the teacher’s designated beneficiary upon death and, in the event of accidental death, a sum not less than two (2) times that amount.
INSURANCE PROTECTION. The Board shall provide twelve-month coverage for all bargaining unit members through XXXXX-XXX. Bargaining unit members shall have a choice of participating in PAK A, PAK B or PAK C. GEA members will pay the difference between the hard cap (annually determined by the legislature) and the cost of the selected insurance plan, MESSA ABC 1or MESSA ABC 2 of medical insurance costs. The amount will be withheld over 21 or 26 pays in pre-tax dollars through a Cafeteria Plan 125 – Election Agreement and Pre- Tax Compensation Reduction Agreement. Under IRS rules, an individual cannot possess a flexible spending account with an HSA Plan. The membership is responsible for the cost of the medical health plan that exceeds the annually adjusted hard cap allowed by the state of Michigan. These dollars will be deducted through payroll deduction. PAK A: HEALTH: • MESSA ABC1 $1350/$2700 Deductible (Optional: District prefunded HSA $950/1900) (Members may elect not to accept prefunded HSA • MESSA ABC RX Pak Rate: Quote 225643– LONG TERM DISABILITY – • 70% of salary • $6,000 maximum • 90 Calendar Days Modified Wait • Pre-existing condition waiver • Freeze on offsets • Alcoholism/Drug – Same as any illness • Mental/Nervous – Same as any illness NEGOTIATIED LIFE – A total of $ 50,000 with A D & D VISION – VSP 3Plus DENTAL – 80/80/80: $ 2,000 with Adult Ortho PAK B: LONG TERM DISABILITY – same as above NEGOTAITED LIFE – A total of $ 50,000 with A D & D VISION – VSP 3+ DENTAL – 80/80/80/: $ 2, 000 with Adult Ortho Persons choosing PAK B shall receive a cash option in lieu of health benefits. The Board shall develop and implement a qualified plan document which complies with Section 125 of the Internal Revenue Code. The amount of the cash payment shall be $4420.00 yearly and may be applied to a Tax-Deferred Annuity. To elect the annuity, the member shall enter into a salary reduction agreement. The Board and the employee shall be responsible for paying their respective FICA taxes on the cash payment. Costs relating to the implementation and administration of benefits under this program shall be borne by the Board. PAK C: HEALTH: • MESSA ABC2 $2000/$4000 Deductible (Optional: District prefunded HSA$950/$1900) (Members may elect not to accept prefunded HSA) • MESSA ABC RX Pak Rate: Quote 225643– LONG TERM DISABILITY – • 70% of salary • $6,000 maximum • 90 Calendar Days Modified Wait • Pre-existing condition waiver • Freeze on offsets • Alcoholism/Drug – Same as any illness • Mental/...
INSURANCE PROTECTION. The Board agrees to furnish to all teachers the following insurance protection.
INSURANCE PROTECTION. Insurance protection for midwives travelling on work related business is provided in accordance with the DHBs insurance policy. The provisions of the insurance policy are available through the Human Resources department.
INSURANCE PROTECTION. A. All new employees certified and non-certified, effective July 1, 1994 will only receive single coverage with the option of purchasing other benefits offered to other employees of the Board of Education. After three (3) consecutive years of service, or three (3) years consecutive service in a four (4) year period, these new employees shall receive all additional benefits.
INSURANCE PROTECTION. 1. Board payment for insurance protection shall terminate immediately when the employee resigns, is terminated, is laid off or on a leave of absence without pay. The Board will provide up to, but no more than, six (6) months of insurance protection for an employee on Workers’ Compensation.
INSURANCE PROTECTION. The Board shall provide the health care insurance protection designated below.
INSURANCE PROTECTION. Section 1.
