Medical Insurance Premiums. In the event Executive timely exercises his right to elect medical benefit continuation under COBRA, the Company shall reimburse Executive for the difference between the cost of the COBRA premiums paid by Executive during the first 12 months following the Separation Date and the cost of premium payments that the Executive otherwise would have been required to pay during the 12-month period in the event his employment had not terminated. The Company’s reimbursement of the COBRA premiums for the first six months of COBRA coverage shall be paid on a monthly basis unless such monthly reimbursement may not be made without adverse tax consequences to Executive under Section 409A, in which case such reimbursement shall be made in a lump sum on the first Business Day immediately following the date that is six (6) months and one (1) day following the Separation Date. Thereafter, the Company shall reimburse Executive on a monthly basis for the remaining six months during which Executive maintains coverage under COBRA.
Medical Insurance Premiums. District shall pay employee medical insurance premiums up to a maximum amount not to exceed the District “Maximum Contribution” for each level (employee only, employee plus one dependent, and employee plus two or more dependents). Payment by District shall be for employee or employee plus eligible dependents, whichever represents the employee’s situation. The employee shall pay the balance of the cost incurred in excess of the medical insurance premium Maximum Contribution. If the medical insurance premium of the plan an employee selects is less than the District Maximum Contribution, the District shall only pay the amount of the premium cost of the selected plan. The District medical insurance premium Maximum Contribution for calendar year 2018 is as follows: Employee Only Employee + 1 Dependent Employee + 2 or more Dependents District Maximum Contribution $780.00 $1,560.00 $2,028.00 Effective January 1, 2019, MEBU employees will share in the cost of future medical insurance premium increases above the Kaiser rate as described in the example below. Each year, cost increases in the Kaiser premium rates will be shared 50% by the District and 50% by the employee. For calendar year 2019, the Kaiser premium rates for 2019 will be compared to the District Maximum Contribution for 2018; if the Kaiser rate is higher than the 2018 District Maximum Contribution, then the new District Maximum Contribution will be calculated by adding 50% of the increase to the Kaiser 2018 premium rate to establish the Maximum Contribution for calendar year 2019. If the Kaiser premium rate for 2019 is less than the District Maximum Contribution for 2018, then the District Maximum Contribution rate for calendar year 2019 will be: Employee Only Employee + 1 Dependent Employee + 2 or more Dependents District Maximum Contribution $780.00 $1,560.00 $2,028.00 For calendar year 2020, the Kaiser premium rates for 2020 will be compared to the District Maximum Contribution for 2019; if the Kaiser rate is higher than the 2019 District Maximum Contribution, then the new District Maximum Contribution will be calculated by taking 50% of the increase in the Kaiser 2020 premium rate over the 2019 District Maximum Contribution, then adding it to the 2019 District Maximum Contribution, to establish the new Maximum Contribution for calendar year 2020. If the Kaiser premium rate for 2020 is less than the District Maximum Contribution for 2019, then the District Maximum Contribution rate for calendar yea...
Medical Insurance Premiums. From and after the applicable Transfer Time, (a) the members of the TWX Group shall honor and continue the payroll deductions in respect of medical insurance premiums required for each Transferred To TWX Employee’s participation in the applicable TWX Benefit Plans and (b) the members of the Time Group shall honor and continue the payroll deductions in respect of medical insurance premiums required for each Transferred To Time Employee’s participation in the applicable Time Benefit Plans.
Medical Insurance Premiums. Part-time Employees Eligible part-time employees as defined in 2.4(a) shall receive the County contribution of 80% of the medical premium and the employee shall contribute 20% of the employee-only medical premium in the County-specified plan (currently known as Plan C). Dependent coverage in the County-specified plan is available for eligible dependents at the employee’s expense. Eligible part-time employees as defined in 2.4(b) shall receive the County contribution of 80% of the medical premium and the employee shall contribute 20% of the employee-only medical premium in the full-time health plans, excluding the buy-up PPO plan. Dependent coverage in the full-time medical plans is available for eligible dependents at the employee’s expense.
Medical Insurance Premiums. The District shall pay on behalf of the Superintendent medical insurance premiums in the same amount as that paid by the District on behalf of other full-time employees.
Medical Insurance Premiums. 8 MERIT INCREASE EFFECTIVE DATE ............................... 24
Medical Insurance Premiums. Under the terms of this agreement, the Union may (on a once-a-year basis, commencing with the beginning of the calendar year) designate a fixed monthly sum to be paid by the City for all employees represented toward medical insurance premiums. If the medical insurance premium for the individual employee exceeds the amount allocated, the balance is paid by way of a salary deduction from the pay of the individual employee. All individual employees having medical insurance payments made in his/her behalf which are less than the monthly amount allocated by the Union will have the difference refunded on a once-a-month basis. Such payments shall be made on the paycheck for the second pay period ending in each month. This refund program requires the following qualifications: 1) it must be a medical insurance program; and 2) it must be a medical insurance vendor with a current contract with the City through the Public Employees Retirement System (PERS) Health Insurance Program. The Union's monthly allocation for medical insurance premiums may be set not to exceed 110% of the lowest cost family medical insurance coverage available at the time of the annual allocation of total compensation monies. City medical insurance coverage will be at the option of the individual employee. It is the intent of this section that employees opting not to have City medical coverage will be refunded the full amount allocated in their behalf for medical insurance.
Medical Insurance Premiums. The Company shall bear the cost of maintaining employee on its group medical insurance plan through March, 2002, including the cost of any dependents of employee for whom the Company paid the cost of insuring as of the termination date. Nothing herein shall preclude the Company from changing carriers or altering coverage so long as employee is provided the same coverage as generally available to other employees of the Company. In the event employee cannot be covered under the applicable plan following the 18 months after the termination date during which employee is eligible for COBRA coverage, then for each remaining month through March, 2002 the Company shall pay employee an amount equal to the monthly premium cost of insuring employee and any covered dependents under the Company's plan in effect at that time. The Company's obligation to provide insurance coverage or pay the cost of premiums hereunder shall terminate if employee obtains alternative coverage from a subsequent employer.
Medical Insurance Premiums. Employees may elect to obtain medical health insurance coverage under one of the group health plan contracts or plans maintained by the Employer. If you elect to do so, your Allowance will automatically be reduced by the total premium cost of coverage you have selected net of the amount, if any, the Employer contributes on your behalf for this coverage. All Employees are eligible for this benefit from their date of hire or the first day of the month following their date of hire, as specified in the medical insurance contracts.
Medical Insurance Premiums. OPT-OUT/CASH OUT OPTION (NON-PERSABLE) Unit employees may elect to discontinue participation in the PERS Health Plan medical insurance coverage (“Opt Out”). The intent of this provision is to share premium savings that the City will incur as a result of a unit employee canceling City coverage.
