Retiree's Hospital and Medical Insurance Sample Clauses

Retiree's Hospital and Medical Insurance. Employees hired on or after July 1, 2011 are not eligible to participate in the City retiree health insurance plan. Employees hired on or after July 1, 2011 will participate in a Health Care Savings Program. The Health Care Savings Program will consist of contributions equal to 2% of the employee’s wages by the City and 2% of the employee’s wages by the employee, for a total of 4%. The 2% employee contribution is mandatory. A vesting period of 3 years will apply for all employer contributions to the Health Care Savings Program. Employees hired prior to July 1, 2011 who retire on or before June 30, 2013 will be enrolled in the Traditional Health Insurance plan as described in 25.1 above. Employees hired prior to July 1, 2011 who retire on or after July 1, 2013 shall have the choice of the PPO3 or PPO14 plans described in 25.1 above, or the PPO plan in place at the time of their retirement. The health plan selection for retirement is made on an irrevocable basis. In any event, traditional insurance will not be available to those who retire after June 30, 2013. The premium contribution toward the monthly cost of retiree health insurance is defined in the following chart: Status City Contribution Per Cent of Total Cost City Hire After 3-1-97
Sample 1Sample 2
AutoNDA by SimpleDocs
Retiree's Hospital and Medical Insurance. Employees hired on or after July 1, 2011 are not eligible to participate in the City retiree health insurance plan. Employees hired on or after July 1, 2011 will participate in a Health Care Savings Program. Beginning July 1, 2022, the Health Care Savings Program will consist of contributions equal to 3% of the employee’s wages by the City and 1% of the employee’s wages by the employee, for a total of 4%. The 1% employee contribution is mandatory. A vesting period of 3 years will apply for all employer contributions to the Health Care Savings Program. Employees hired prior to July 1, 2011 who retire on or after July 1, 2013 shall have the choice of the PPO3 or PPO14 plans described in 25.1 above, or the PPO plan in place at the time of their retirement. The health plan selection for retirement is made on an irrevocable basis. The premium contribution toward the monthly cost of retiree health insurance is defined in the following chart: City City Hire Contribution Status Percent of After 3-1-97 Total Cost though 6-30-11
Sample 1

Related to Retiree's Hospital and Medical Insurance

  • Hospital and Medical Insurance The University shall make available health insurance to the employees covered by this agreement to the same extent and in the same manner as is available to other University employees, such as Faculty and the Executive, Administrative and Professional Staff employees. It is the University's goal to have the same health insurance plans offered uniformly to all University groups and employees.

  • MEDICAL AND HOSPITAL INSURANCE 14.1 Current practices will prevail for the duration of this Agreement, except that any changes in medical or hospital insurance plans, including the premium payable by employees, applicable to the majority of those employed in the Public Service for whom the Treasury Board is the employer, will during the life of this Agreement be applicable to the employees under this Agreement.

  • Medical Insurance Upon termination of employment, the Executive shall be entitled to all COBRA continuation benefits available under the Company's group health plans to similarly situated employees. To the extent permitted under Code Section 409A, during the applicable Payout Period, the Company shall provide such COBRA continuation benefits to the Executive at the active employee rates similarly situated employees must pay for such benefits. Upon the expiration of such Payout Period, the Executive will be responsible for paying the full COBRA premiums for the remaining COBRA continuation period.

  • Retiree Medical Insurance Retiree insurance coverage is included within each medical plan for all retirees under the age of 65 years, through self-payment. The Employer shall make available an appropriate medical plan for all eligible retirees ages 65 years or older.

  • Basic Medical Insurance All regular Employees may choose to be covered by the medical plan for which the British Columbia Medical Plan is the licensed carrier. Benefits and premiums shall be in accordance with the existing policy of the plan. The Employer will pay one hundred percent (100%) of the regular premium.

  • Hospital This plan covers behavioral health services if you are inpatient at a general or specialty hospital. See Inpatient Services in Section 3 for additional information. Residential Treatment Facility This plan covers services at behavioral health residential treatment facilities, which provide: • clinical treatment; • medication evaluation management; and • 24-hour on site availability of health professional staff, as required by licensing regulations. Intermediate Care Services This plan covers intermediate care services, which are facility-based programs that are: • more intensive than traditional outpatient services; • less intensive than 24-hour inpatient hospital or residential treatment facility services; and • used as a step down from a higher level of care; or • used a step-up from standard care level of care. Intermediate care services include the following: • Partial Hospital Program (PHP) – PHPs are structured and medically supervised day, evening, or nighttime treatment programs providing individualized treatment plans. A PHP typically runs for five hours a day, five days per week. • Intensive Outpatient Program (IOP) – An IOP provides substantial clinical support for patients who are either in transition from a higher level of care or at risk for admission to a higher level of care. An IOP typically runs for three hours per day, three days per week.

  • Medical There shall be an open enrollment period for medical coverage in each year of this Agreement. An employee may elect no medical coverage during any open enrollment period. An employee who has elected no medical coverage may elect medical coverage during an open enrollment period. No pre-existing condition limitations will apply.

  • Optical Insurance The Employer shall contribute the full composite premium cost for an optical insurance plan policy premium for each SUCCESS employee deemed eligible (e.g. Vision Service Plan). Participation in the optical insurance benefit is voluntary for each eligible SUCCESS employee. In order to qualify for the Employer’s share of the monthly premium, the SUCCESS employee must qualify under the rules and regulations of the respective carrier and may enroll in one of the following plans:

  • Health Care Benefits (a) Each regular full-time employee may elect coverage for himself and his eligible dependents* under one of the following health insurance plans:

  • Medical Care The Parents must comply with the School Welfare Officer's recommendations which may include a reasonable decision to release the Pupil home or to his / her education guardian when s/he is unwell.

Time is Money Join Law Insider Premium to draft better contracts faster.