Common use of Optional Plans Clause in Contracts

Optional Plans. Participation in the following benefit plans is optional, and eligible employees are covered if written application for benefits takes place within 60 days of employment, during a scheduled Open Enrollment. Employee premiums, if any, are taken one (1) month in advance by payroll deduction. A. Health Care Coverage Health care programs effective after June 30, 1998, effective on July 1, 1998 1. Prescription Drug A. Prescription drug benefits shall, effective July 1, 1998, be provided to employees represented by the Union, regardless of the University health plan in which they are enrolled, under a program administered by Caremark or other administrator(s) as may be agreed to. B. The prescription drug program implemented pursuant to the agreement shall provide the following co-pay options: (i.) $3.00 for generic and dispensed as written prescriptions and $8.00 for brand prescriptions filled at MSU pharmacies. (ii.) $6.00 For generic and dispensed as written prescriptions and $16.00 for brand prescriptions for a 90-day supply of maintenance drugs through MSU pharmacies. (iii.) $5.00 for generic and dispensed as written prescriptions and $10.00 for brand prescriptions filled at retail pharmacies in the administrator’s network. (iv.) $10.00 for generic and dispensed as written prescriptions and $20.00 for brand prescriptions filled by the administrator’s mail order service. C. The premiums for the prescription drug program shall be borne fully by the University for full-time employees and proportionately for part-time employees.