Part-Time Employee Premium Contribution for Medical Insurance Sample Clauses

Part-Time Employee Premium Contribution for Medical Insurance. A less than full-time employee who elects coverage for him/herself and his/her eligible dependents must pay, in addition to the full-time employee premium contribution, a prorated amount of the College’s premium contribution based on their benefit eligibility factor in effect at the time of application for the benefit, with the balance of the premium being paid by the College (see Article 17, Section 1 for benefit eligibility factor calculation rules).  If an employee’s BEF (percentage of full time hours worked) is .80 or greater, the employee is treated as a full-time employee and will not be required to pay anything in addition to the full-time premium.  If an employee’s BEF is less than .80, their additional premium portion will be calculated as follows, (.80-BEF) x College’s premium contribution. Example of the additional premium calculation: Part-time employee with single coverage BEF = .70 Full-time employee bi-weekly premium contribution = $102.91 College’s bi-weekly premium contribution = $211.54 Employee’s additional bi-weekly premium calculation (.80 - .70) = .10 .10 x $211.54 = $21.15 Employee’s total bi-weekly premium amount $102.91 + $21.15 - $124.06
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Related to Part-Time Employee Premium Contribution for Medical Insurance

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