Voluntary Medical Plan Opt-Out Sample Clauses

Voluntary Medical Plan Opt-Out. The employer will provide the following incentive rates for medical opt-out to employees who voluntarily opt-out eligible enrollees from the City medical coverage: Incentive Per Month Employee $150 Spouse Dependent $150 1st Child Dependent $75 2nd+ Child Dependents $75
Sample 1Sample 2
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Voluntary Medical Plan Opt-Out. The employer will provide the following incentive rates for medical opt-out to employees who voluntarily opt-out eligible enrollees from the City medical coverage: Incentive Per Month Employee $150 Spouse Dependent $150 1st Child Dependent $75 2nd+ Child Dependents $75 • Payable monthly as taxable wages • Capped at employee, one spouse and two children. • If one child remains on the medical plan and two or more children are opted out, the opt-out payment for children is capped at $75 per month. • Eligible enrollees include Washington State registered domestic partners of employees and their eligible dependents.
Sample 1Sample 2
Voluntary Medical Plan Opt-Out. ‌ The employer will provide the following incentive rates for medical opt-out to employees who voluntarily opt-out eligible enrollees from the City medical coverage: Incentive Per Month Employee $150 Spouse Dependent $150 1st Child Dependent $75 2nd Child Dependent $75 • Payable monthly as taxable wages, unless the employee elects to contribute an equivalent amount to a deferred compensation savings plan or FSA, if eligible based on health plan selection, during the specified enrollment period. • Capped at employee, one spouse and two children. • Paid only if opt-out (un-enrollment) causes a decrease in the actual premiums the City is paying. For example, if one child remains on the medical plan and two or more children are opted out, the opt-out payment is capped at $75 per month. • Eligible enrollees include State registered Domestic Partners of employees and their eligible dependents as defined in Article 1.
Sample 1
Voluntary Medical Plan Opt-Out. The employer will provide the following incentive rates for medical opt-out to employees who voluntarily opt-out eligible enrollees from the City medical coverage: Incentive Per Month Employee $150 Spouse Dependent $150 1st Child Dependent $75 2nd+ Child Dependents $75 • Payable monthly as taxable wages, unless the employee elects to contribute an equivalent amount to a deferred compensation savings plan or FSA, if eligible based on health plan selection, during the specified enrollment period. • Capped at employee, one spouse and two children. • Paid only if opt-out (un-enrollment) causes a decrease in the actual premiums the City is paying. For example, iIf one child remains on the medical plan and two or more children are opted out, the opt-out payment for children is capped at $75 per month. • Eligible enrollees include Washington State registered Ddomestic Ppartners of employees and their eligible dependents.
Sample 1

Related to Voluntary Medical Plan Opt-Out

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