Plan Year 2022 Clause Samples
The "Plan Year 2022" clause defines the specific 12-month period during which the terms, benefits, and obligations of a plan—such as an employee benefits or retirement plan—are in effect for the year 2022. This clause typically establishes the start and end dates for the plan year, which may or may not align with the calendar year, and determines eligibility, coverage periods, and reporting requirements for participants and administrators. By clearly specifying the applicable plan year, this clause ensures clarity regarding which rules and provisions apply to actions or events occurring within that timeframe, thereby preventing confusion and disputes over coverage or compliance.
Plan Year 2022 i. The Baseline Premium for 2022 plan year shall be the baseline premium is the CWA PPO Plan’s premium cost in plan year 2021 plus 1%.
ii. If the projected blended premium for the CWA PPO in plan year 2022 exceeds the new Baseline Premium, CWA and the State shall enter into negotiations to address such premium increases.
iii. The API shall be calculated by (a) subtracting the aggregate percent of across- the-board salary increases received by CWA-represented State employees, between July 1, 2021 and December 31, 2021, not compounded, from (b) the percent by which the CWA PPO premium exceeds the 2022 Baseline Premium.
iv. If CWA and the State cannot agree upon plan design changes or other cost- saving measures that would reduce the API to at least a 0% increase over the Preliminary Baseline Premium by the September 1 preceding the start of the 2022 plan year, then an Escalator shall be applied to employee contribution rates. The Escalator to be applied to employee contribution rates shall be the percentage by which the API exceeds the Preliminary Baseline Premium. Any increase in employee contributions will be effective the first pay period of the 2022 plan year.
v. Each subsequent plan year’s CWA PPO Plan’s premium cost will be compared with previous year’s CWA PPO Plan’s premium cost which will become the new Baseline Premium. The same process and methodology shall be used to review, and if necessary adjust, employee contributions rates, every year thereafter. CWA Unity Freedom/ Freedom 2019*** Aetna HMO Aetna Liberty Aetna Value HD4000* Aetna Value HD1500*
Plan Year 2022. Effective January 1, 2022, the annual County Allowance shall be increased to thirty-five hundred dollars ($3,500) per calendar year.
Plan Year 2022. Effective Plan Year 2022, the annual County Allowance amount shall be three thousand and two hundred dollars ($3,200).