Monetary Stipend in Lieu of Health Insurance Sample Clauses

Monetary Stipend in Lieu of Health Insurance. Employees may annually elect to decline all health insurance benefits. In lieu of multi-party health insurance benefits, the employee will receive the amount of One Thousand Seven Hundred Fifty Dollars ($1,750), payable in two lump sum installments of $875, payable on the first pay in December and the first pay in June of the school year. In lieu of single party health insurance benefits, the employee will receive the amount of Six Hundred Dollars ($600), payable in two lump sum installments of $300, payable on the first pay in December and the first pay in June of the school year. In the event 15 or more bargaining unit members (does not include long term substitutes) notify the Business Administrator in writing by June 15th each year (of his or her decision to decline all health insurance benefits, those 15 or more members shall receive the increased payments explained below. At the request of the Association, the District will provide updated information regarding the number of bargaining unit members who have declined all health insurance benefits. In lieu of multi-party health insurance benefits, the member will receive the amount of Three Thousand Five Hundred Dollars ($3,500), payable in two lump sum installments of $1,750, payable on the first pay in December and the first pay in June of the school year. In lieu of single party health insurance benefits, the member will receive the amount of One Thousand Seven Hundred and Fifty Dollars ($1,750), payable in two lump sum installments of $875, payable on the first pay in December and the first pay in June of the school year. Those employees who decline coverage must provide proof of health insurance by a carrier of their choice. Employees electing this option must confirm their decision to decline health insurance benefits by notifying the Business Administrator by July 1st each year. New employees electing this option shall notify the Business Administrator at the time of employment. Employees who elect to decline all health insurance benefits will be allowed to re- elect District provided coverage only under the condition that a “change in status” has occurred as defined below:
Sample 1
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Related to Monetary Stipend in Lieu of Health Insurance

  • Retiree Health Insurance Retired members of the Department receiving, or to receive City of Lincoln monthly pension checks, may participate in the group comprehensive health care plan for active City employees, provided that each retiree so desiring will execute the required forms in a timely fashion, and further provided that each retiree will be required to pay the full monthly cost at the current rates subject to any rate increases which may occur from time to time. Such payment will be made by payroll deduction from pension checks, or by direct payment in the case of an early retiree.

  • Health Insurance The Couple agrees that: (check one) ☐ - Each Spouse is responsible for THEIR OWN health insurance. ☐ - Health insurance IS PROVIDED by ☐ Husband ☐ Wife (“Health Insurance Paying Spouse”) to ☐ Husband ☐ Wife (“Health Insurance Receiving Spouse”). Health insurance shall include: (check all that apply) ☐ - Medical ☐ - Dental ☐ - Vision Care ☐ - Other. . To facilitate the use of such coverage for the Health Insurance Receiving Spouse, the Health Insurance Paying Spouse shall cooperate fully and in a timely manner, including, but not limited to, obtaining and providing all necessary insurance cards and claim forms, completing and submitting all necessary documents, and delivering all insurance payments.

  • Health Insurance Benefits To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s current group health insurance policies, Executive will be eligible to continue Executive’s group health insurance benefits at Executive’s own expense. If Executive timely elects continued coverage under COBRA, the Company shall pay Executive’s COBRA premiums, and any applicable Company COBRA premiums, necessary to continue Executive’s then-current coverage for a period of 18 months after the date of Executive’s termination of employment; provided, however, that any such payments will cease if Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such premiums. Executive agrees to immediately notify the Company in writing of any such enrollment. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot provide the foregoing benefit without potentially incurring financial costs or penalties under applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable monthly amount to continue his group health insurance coverage in effect on the date of separation from service (which amount shall be based on the premium for the first month of COBRA coverage), which payments shall be made regardless of whether Executive elects COBRA continuation coverage and shall commence in the month following the month in which Executive incurs a separation from service and shall end on the earlier of (x) the date on which Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such amounts and (y) 18 months after the date of Executive’s separation from service.

  • Retirement Health Insurance Subd. 1. Benefit Eligibility for Employees who Retire Before Age 65

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  • Group Health Insurance Immediately following retirement, the teacher shall have the option of remaining in the Corporation’s current group health insurance plan if all of the following conditions are met as of the date of retirement and thereafter:

  • Health Insurance Plan (Excluding Summer Students Regardless of Wage Schedule Paid From) These employees shall be considered as a group in order that they may apply to participate in the Supplementary Plan and the Extended Health Benefit Plan at group rates. One hundred percent (l00%) of all premiums will be paid by the employees. The Company will pay one hundred percent (l00%) of the Ontario Health Insurance Plan premium for temporary employees who have four months' accumulated service.

  • Ontario Health Insurance Plan The parties recognize that the method of funding OHIP has been changed from an individually paid premium to a system funded by an employer paid payroll tax. If the government, at any time in the future, reverts to an individually paid premium for health insurance, the parties agree that the Colleges will resume paying 100% of the billed premium for employees.

  • Workplace Safety Insurance Benefits (WSIB) Top Up Benefits If the employee is in a class of employees that, on August 31, 2012, was entitled to use unused sick leave credits for the purpose of topping up benefits received under the Workplace Safety and Insurance Act, 1997;

  • Health Insurance Committee The UFF-USF-GAU President will appoint one (1) employee to serve on the University's Student Health Insurance Committee.

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