RAFT. Any portion of the medical premium that exceeds the City’s contribution is the retired employee’s responsibility to pay. The retiree and/or dependent is/are responsible for paying any co-payments required by the healthcare provider and/or any additional premium payments above the City’s maximum monthly contribution. The retiree portion of the monthly contribution shall be paid during the first week of each month, with a grace period not to exceed 30 days. Late payments for healthcare coverage that exceed the 30-day grace period shall be cause for automatic disenrollment in the City’s group health plans and the retiree shall be disqualified from participating in any of the retiree benefits as outlined in this Section. Conditions for healthcare coverage, enrollment, and processing procedures are established in accordance with legal requirements and conditions set by applicable health insurance carriers.
Appears in 2 contracts
Sources: Executive Management Agreement, Employment Agreement