Common use of PPO Clause in Contracts

PPO. 38.021 The Board shall provide PPO insurance coverage which meets or exceeds the specifications below for each teacher in the bargaining unit, now or hereinafter employed, and his or her eligible dependents. Eighty-eight (88) percent of the cost of the premium shall be paid by the Board. Twelve (12) percent of the cost of the premium shall be paid by the employee. The employee’s share of the premium shall be paid through a Section 125 plan. Effective August 1, 2018 Eighty-seven (87) percent of the cost of the premium shall be paid by the Board. Thirteen (13) percent of the cost of the premium shall be paid by the employee. The employee’s share of the premium shall be paid through a Section 125 plan. Effective August 1, 2019 Eighty-six (86) percent of the cost of the premium shall be paid by the Board. Fourteen (14) percent of the cost of the premium shall be paid by the employee. The employee’s share of the premium shall be paid through a Section 125 plan. Effective August 1, 2020 Eighty-five (85) percent of the cost of the premium shall be paid by the Board. Fifteen (15) percent of the cost of the premium shall be paid by the employee. The employee’s share of the premium shall be paid through a Section 125 plan. Employees who work less than full-time shall contribute fifty (50) percent of the cost of the premium (for .5 teacher) or twenty-five (25) percent of the cost of the premium (for .75 teacher).