Common use of Opt-Out Provision Clause in Contracts

Opt-Out Provision. Bargaining unit members who work 20 or more hours per week, and therefore qualify for the Board-sponsored health insurance plan,(if hired before 12/31/2004 they qualify if they work 15 hours or more and if hired after 12/31/2012 they must work 25 hours to qualify) who choose not to enroll in the Board-sponsored health insurance shall be paid $500 if the bargaining unit member qualifies for a family plan or $250 if the bargaining unit member qualifies for a single plan. Such payment shall be made one time per year. This cash, in lieu of insurance coverage option, is not available to bargaining unit members who are receiving retirement benefits through SERS or any other state sponsored retirement plan or those employees whose spouse is employed by the Board and is currently receiving health insurance coverage through a Board- sponsored plan. To be eligible for this opt-out payment, the employee must provide proof of other insurance coverage that is not through the Insurance Marketplace.