Payment for Coverage Clause Samples
The "Payment for Coverage" clause defines the obligation of one party to pay for insurance or other protective coverage as specified in the agreement. Typically, this clause outlines the types of coverage required, the payment schedule, and the responsible party, such as a tenant paying for liability insurance during a lease. Its core practical function is to ensure that adequate financial protection is in place and that the costs are clearly allocated, thereby reducing disputes and clarifying responsibilities regarding coverage payments.
Payment for Coverage. Employee will pay the full cost of any continued group health coverage provided under Section 5.12(a) or 5.12(b), which is understood to be equal to the “applicable premium” as determined under Section 604 of the Employee Retirement Income Security Act of 1974, 29 U.S.C. § 1164.
Payment for Coverage. If you are entitled to and do elect to continue coverage under a Plan during your leave, the continued cost of coverage under the Plan is payable as follows:
Payment for Coverage. The City shall pay eight-five percent (85%) of the monthly premiums for medical coverage, vision coverage, and dental coverage. All participating Members shall pay fifteen percent (15%) of the monthly premiums for such coverage. These percentages will not be changed for the life of this contract. The amounts paid by a Member for medical coverage, vision coverage, and dental coverage will be deducted from the Member’s gross salary for tax purposes as permitted by law. Effective April 22, 2019, any Member hired after April 22, 2019, shall pay twenty percent (20%) of the cost of all insurance set forth in this Section.
Payment for Coverage. Effective July 1, 2018, the employee will pay the following amounts per pay period (24 of the 26 pay periods per year) toward the cost of their insurance premiums:
A. Health Insurance HMO#1 HMO-HDHP Single $141.94 $81.74 Family $361.37 $191.78 B. Dental Insurance Single $3.55 Family $13.97 Any increase in premium after July 1, 2019, and during the life of this contract will be shared equally (50%) by the Home and the employee, subject to the Side Letter of Agreement on Health Insurance for family coverage. The Union and the Home agree that any additional health insurance program developed or offered during the term of this Agreement will be made available to eligible bargaining unit members on the same basis as other hourly paid employee groups at the Home. Nothing contained herein shall prevent the Home from offering additional health or dental plans as an option to bargaining unit employees. The Union shall be notified of the Home’s intent to offer additional plans before notification to employees.
Payment for Coverage. The City shall pay ninety percent (90%) of the monthly premiums for medical coverage, vision coverage and dental coverage. All participating Members shall pay ten percent (10%) of the monthly premiums for such coverage. The amounts paid by a Member for medical coverage, vision coverage and dental coverage will be deducted from the Member’s gross salary for tax purposes as permitted by law.