Common use of OPT-OUT OF HEALTH INSURANCE Clause in Contracts

OPT-OUT OF HEALTH INSURANCE. 21.5 Employees frequently have choices for health insurance coverage. They may have the option to be covered by plans through the spouse’s employer(s), or perhaps to cover dependents under someone else’s plan. Eligible employees will be required to secure, as a benefit of their employment with the Town, a basic package of health insurance for themselves. Employees regularly scheduled to work more than 35 hours a week who are eligible to receive Town medical insurance may avoid the minimum health insurance coverage requirements and receive a cash payment in lieu of such coverage provided they show satisfactory proof of coverage in a non-Town, employer-sponsored health insurance plan. For all employees regularly scheduled to work more than 35 hours a week who are eligible to receive Town medical insurance but who choose to have alternative non-Town supplied health insurance coverage and who elect to forgo the Town insurance plan for which they are eligible may receive a cash payment. If you opt out, you will receive a portion of the monthly premium savings that you can receive as taxable compensation in your paychecks through the year. The amount you can receive depends on your eligible coverage level as shown below. Employee Eligible Coverage Level Weekly Opt Out amount • Family Coverage $150 • Two-person coverage $100 • Single coverage $ 50

OPT-OUT OF HEALTH INSURANCE. 21.5 Employees frequently have choices for health insurance coverage. They may have the option to be covered by plans through the spouse’s employer(s), or perhaps to cover dependents under someone else’s plan. Eligible employees will be required to secure, as a benefit of their employment with the Town, a basic package of health insurance for themselves. Employees regularly scheduled to work more than 35 hours a week who are eligible to receive Town medical insurance may avoid the minimum health insurance coverage requirements and receive a cash payment in lieu of such coverage provided they show satisfactory proof of coverage in a non-Town, employer-sponsored health insurance plan. For all employees regularly scheduled to work more than 35 hours a week who are eligible to receive Town medical insurance but who choose to have alternative non-Town supplied health insurance coverage and who elect to forgo the Town insurance plan for which they are eligible may receive a cash payment. If you opt out, you will receive a portion of the monthly premium savings that you can receive as taxable compensation in your paychecks through the year. The amount you can receive depends on your eligible coverage level as shown below. Employee Eligible Coverage Level Weekly Opt Out amount •  Family Coverage $150 •  Two-person coverage $100 •  Single coverage $ 50