Payment in Lieu of Insurance Coverage. An Employee, who was receiving Board covered medical and prescription insurances under Section 1 or an employee who was eligible for partial or full medical insurance coverage and who was receiving payment in lieu of insurance coverage under Section 3, as of June 30, 2006 and any subsequent current employee who uses the healthcare insurance as of June 30, 2006 or new employee may elect not to receive the Health Insurance coverage provided in Section 1 and instead elect to receive additional compensation, less applicable payroll deductions, according to the following table: 7+ hour employees $5000 (Family), $1,500 (Single) 5 - 6.9 hour employees $2,500 (Family), $1,000 (Single) 4 - 4.9 hour employees $1,000 (Family), $350 (Single) In order to elect this option and receive this additional compensation, the employee must, by April 30th (June 15th in the first year of the contract), prior to the year for which they want to be paid, complete, sign and file with the Treasurer of the Board a letter indicating his/her election. Payment will be made one year later in the following July (i.e. Notice June, 2019, payment July, 2020). Once this election is made, it shall remain in effect and the Employee shall not be entitled to receive the coverage provided above for the duration of the one-year period. In the event of a change in the Employee’s circumstances (e.g., divorce, death of spouse, spouse loses insurance coverage) after this election has been made, the Employee may elect to receive the insurance coverage. The employee must notify the Treasurer’s Office in writing of the change in circumstance. The employee must provide documentation of the change of circumstances at the time of notice. Coverage will commence within seven (7) days of the receipt of the notice in the Treasurer’s Office. There shall be no pre-existing condition exclusion for any Employee who re-enters the insurance program provided above after originally electing not to participate in said program. Newly hired employees who are eligible for healthcare benefits may, at the time of hire, elect not to take health coverage by submitting a letter and filing it with the Treasurer’s Office. The newly hired employee would be eligible for a prorated amount of the above table based on their service (i.e. a new employee hired October 1st would work 9 out of 12 months, 75% and, if they declined health insurance, they would receive 75% of the qualifying amount in July).
Payment in Lieu of Insurance Coverage a. An Employee, working forty (40) hours per week, may elect not to receive the board insurance coverages provided above and instead elect to receive additional compensation of $5,000 (family plan) or $1,500 (single plan) per year, less applicable payroll deductions.
Payment in Lieu of Insurance Coverage. 1. Any bargaining unit member currently covered under either the single or family coverage of the District’s insurance plan(s), or any newly hired employee who declares in writing to the Treasurer that he/she is covered under another insurance plan and/or elects not to be covered by the Board plan for the entire year may opt out of the Board plan(s) and shall be paid $1,500.00 for medical insurance, and/or $350 for dental insurance, and/or $100 for vision insurance (prorated for persons who have prorated insurance to the same percentage as paid by the Board for prorated insurance). This amount, less applicable payroll deductions, will be paid to eligible and qualifying individuals with the first pay in October the following year, through the Board’s qualified Section 125 Plan.
Payment in Lieu of Insurance Coverage. The City will pay to eligible Employees, under the condi- tions herein set forth, an annual amount in lieu of insurance coverage. The first payment, to be made on or before December 15, shall be for the twelve (12) billing periods immediately prior to December 1. The payment shall be made as an adjustment to a regular pay check, and only those Employees who are entitled to a regular pay check the first pay day in December shall be entitled to the payment in lieu of insurance coverage. An Employee shall be entitled to a regular pay check if the Employee has not quit, resigned or been discharged on the date the check is paid (i.e., the date shown on the check). For example, an Employee who is on approved leave of absence, suspension, layoff or WO will be determined to be "on the payroll" for the purpose of payment in lieu of insurance coverage. If an otherwise eligi- ble Employee is not at work on the date the check is paid, the check shall be sent to the Employee's last-known address. If the check is returned to the City, the Employee must claim the check from the City within sixty (60) days or the check shall be voided, and the Employee shall forfeit any right to payment in lieu of insurance coverage for that period. In case of Employees who retire, the Employee will be sent his check, provided such amount shall not be computed in the Employee's final average pay. Any Employee who is eligible for hospitalization insurance, at City expense, pursuant to the Article entitled "Hospitaliza- tion Insurance", but who elects not to be covered by said insurance, shall be entitled to a payment of $20.00 per billing period for any billing period during which hospitalization insurance was not provided for said Employee at City expense. Any Employee who is eligible for dental insurance, at City expense, pursuant to the Article entitled "Dental Insurance", but who elects not to be covered by said insurance, shall be entitled to a payment of $5.00 per billing period for any billing period during which dental insurance was not provided for said Employee at City expense.
Payment in Lieu of Insurance Coverage. Administrative Team members who waive health insurance coverage are entitled to a cash payment of $2,000 payable no later than the last paycheck in June. In order to execute his/her right under this option, the employee must fully execute the “Waiver of Health Insurance Benefit Form”, (Appendix 8). A Team member who had obtained other coverage and had waived coverage shall be entitled to reinstate his/her insurance coverage as provided for in Section 125 of the Internal Revenue Code and/or subject to the insurance plan enrollment period. Once the insurance coverage is reinstated, the extra payment, which will be paid with the June paycheck, shall be pro-rated for the amount of time the employee did not have insurance. The District shall establish this provision in a manner consistent with and to meet all requirements of Section125 of the Internal Revenue Code as amended.
Payment in Lieu of Insurance Coverage. The City will pay to eligible Employees, under the conditions herein set forth, an annual amount in lieu of insurance coverage. All payments shall be for the twelve (12) billing periods immediately prior to December 1. The payment shall be made as an adjustment to a regular pay check, and only those Employees who are entitled to a regular pay check the first day in December shall be entitled to the payment In lieu of insurance coverage. Any Employee who Is eligible for hospitalization insurance, at City expense, pursuant to the Article entitled Hospitalization Insurance, but who elects not to be covered by said insurance, shall be entitled to a payment of $20.00 per billing period during which hospitalization insurance was not provided for said Employee at City expense. Effective February 1, 1994, payment in lieu of hospitalization insurance coverage shall increase to $50 per billing period. Effective July 1, 1995, increase to $100 per billing period. Any Employee who is eligible for dental insurance, at City expense, pursuant to the Article entitled Dental Insurance, but who elects not to be covered by said insurance, shall be entitled to a payment of $5.00 per billing period for any billing period during which dental insurance was not provided for said Employee at City expense.
Payment in Lieu of Insurance Coverage. The City will pay to eligible Employees, under the conditions herein set forth, an annual amount in lieu of insurance coverage. The first payment, to be made on or before December 15, shall be for the twelve (12) billing periods immediately prior to December
Payment in Lieu of Insurance Coverage. An employee currently enrolled in and otherwise eligible for Board payment for health insurance coverages may elect to have no such coverages (with the exception of life insurance) for an entire school year and so receive an annual payment, subject to appropriate withholdings, as follows:
