Premium Equivalent Contribution Clause Samples
Premium Equivalent Contribution. Dental/vision insurance coverage will continue to be a separate option for employees. The City will make dental/vision coverage available at no charge if the employee has elected medical insurance for the calendar year 2017. For calendar years 2017, 2018, & 2019 a premium equivalent contribution will charged for dental/vision coverage. The premium will be waived if the employee and enrolled spouse have had one preventive care dental screening during the plan period.
Premium Equivalent Contribution. Dental/vision insurance coverage will continue to be a separate option for employees if they do not elect medical coverage. A premium equivalent contribution will charged for dental/vision coverage. If an employee elects medical coverage, the dental/vision premium will be waived if the employee and enrolled spouse have had one preventive care dental screening during the plan period.
Premium Equivalent Contribution. Coverage for Adult Children age 26 up to age 28. The benefits of this Plan will only be made available if paid for through an annual premium equivalent amount. Coverage of medical benefits does not include dental and vision insurance and will only be available if elected and paid for through a premium equivalent amount.
Premium Equivalent Contribution. Beginning in 2015, there will be a premium surcharge of 15% of the premium equivalent based on coverage level of either single or family coverage for tobacco use if either the employee or covered spouse uses tobacco. In the event that the Employee and/or spouse uses tobacco, the Employee or Spouse may make a request for an alternative standard during open enrollment and the City will work with an employee (and, if they wish, the employee’s doctor) to earn the same reward by different means. If coverage is elected, a premium equivalent will be charged through a payroll deduction.