Premium Reduction Program. The Employer will continue to offer the Premium Reduction Program through the duration of this agreement. Through this benefit, eligible employees may receive financial assistance to cover one hundred percent (100%) of the cost of their Employer provided medical premiums. Participation in this program is based on total household income and the Federal Poverty Level, as determined by the U.S. Department of Health and Human Services. Employees whose household income is less than 250% of the Federal Poverty Level will be eligible to receive a health insurance plan at no premium cost to the employee for themselves and eligible dependent(s) upon approval of their application.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement