Waiver of Insurance. In certain cases the COUNTY may waive the insurance requirement due to the size of the award or the nature of the RECIPIENT. If the insurance requirement is waived, the COUNTY will initial this paragraph: __________.
Waiver of Insurance. Any member of the bargaining unit who is eligible for health insurance benefits may elect to withdraw from the insurance program. The insurance program is defined as Hospitalization, Major Medical, Prescription, Dental, and Vision. Opting Out of Health Insurance An employee may elect to “opt-out” of the Board-provided hospitalization and major medical insurance coverage. An employee who elects to opt-out shall be compensated as follows: • An employee whose spouse is also an Akron Public Schools employee, and is eligible for group health benefits as provided by the Board, is not eligible to participate in the “opt-out” program and shall not be eligible for any “opt-out.” • An employee who can show proof of other insurance coverage may elect not to participate in coverage as offered by the Board insurance. The employee shall be compensated in the amount of $2,500.00, less appropriate tax deductions, per year at the end of an entire year for which he/she did not have coverage. • Employees may elect to opt-out of the Board-provided coverage during an approved open enrollment period and/or within thirty (30) days of eligibility for group health benefit coverage and/or within thirty (30) days from a qualifying life event (i.e. marriage, loss of coverage from another source)(loss of coverage from the other source). It shall be the responsibility of the employee to notify the Insurance Office in writing during the annual Open Enrollment Period for Insurance Coverage (currently October) of the desire to withdraw from the insurance program for the next enrollment year. Payment shall be made to the employee in a separate check at the end of the year of non- participation. However, if employment is severed prior to the end of the year of non- participation, or if re-enrollment occurs per the provision stated above, the employer will pro-rate the amount of the stipend to reflect the number of months of non-participation.
Waiver of Insurance. Bargaining unit members may elect not to be covered under the group medical, prescription drug, and dental insurance plans. In consideration of the waiver of this insurance coverage, the bargaining unit member shall be entitled to one of the following options:
Waiver of Insurance. An employee may opt out of medical coverage offered by the City and receive cash in lieu only if the employee provides before the start of each plan year, an attestation that the employee and his or her tax family have minimum essential coverage through another source (other than coverage in the individual market, whether or not obtained through Covered California) for the plan year. The City will not pay cash in lieu if the City knows or has reason to know that the employee or an individual in the employee’s tax family does not have the required alternative coverage. Any employee in the unit who meets the requirements to opt out of medical coverage can receive eight hundred and forty six dollars ($846.00) per month as cash subject to tax withholdings. Effective July 1, 2019, the amount is increased to one thousand and sixty dollars ($1,060.00) per month. Those employees who meet the requirements and opt out of medical coverage will still receive an employer contribution to cover the mandatory life and disability insurance benefits.
Waiver of Insurance. 1. If a full-time employee elects to withdraw from the insurance program, the employee shall receive a stipend of $4,000 for each school year in which he/she does not participate in the insurance program. Single or one spouse of a married couple who are employees will receive a stipend of $2,000 for each school year in which he/she does not participate in the insurance program.
Waiver of Insurance. In the event an Employee elects not to enroll in the health insurance program, the Employer shall reimburse the Employee fifty ($50.00) per month in order to pay for coverage under a spouse's policy, unless the spouse is also covered by the County Health Insurance Plan. Proof of other coverage is required.
Waiver of Insurance. Under the following conditions and subject to the Section 125 (IRS Code) addendum to this agreement, an employee may waive medical insurance or prescription plan coverage and receive a cash option or flexible spending plan.
Waiver of Insurance. A unit member may submit a waiver of coverage and shall be eligible to be paid on a yearly basis in accordance with the following schedule: ●$2,000 for waiver of family coverage ●$1,200 for waiver of individual coverage ●$1,000 to reduce coverage from family to individual , provided that the unit member is carrying family coverage, and provided further that family coverage is not picked up by a spouse employed by the District. In the event 65 unit members with family coverage opt to submit a waiver of coverage, the following schedule will be used: ●$4,000 for waiver of family coverage ●$2,000 to reduce coverage from family to individual, provided that the unit member is carrying family coverage, and provided further that family coverage is not picked up by a spouse employed by the district. In the event 57 unit members with individual coverage opt to submit a waiver of coverage, the following schedule will be used: ●$2,400 for waiver of individual coverage Unit members are eligible to the waiver regardless of whether their spouse or dependent is an employee of the Half Hollow Hills CSD.
Waiver of Insurance. Any employee with spouse or dependents will be eligible for an annual payment for declining insurance coverage with the District. Such payment to be made annually at the conclusion of the contract year (July 15 of the following year) and shall be in the amount up to $2,000 for each employee declining family, but retaining single coverage, or $4,000 for each employee eligible for family coverage who declines all medical-prescription- vision-dental insurance coverage. Reimbursement shall be provided for employees who decline the coverage as follows: Retain Single Decline All Dental: $ 125 $ 250 Vision: $ 75 $ 150 Prescription: $ 500 $1,000 Medical: $1,300 $2,600 Should an eligible bargaining unit member whose spouse is also employed by the District, who is also eligible for health care benefits, elect this option for payment, the maximum payment shall be $2,000 annually. Employees can only elect and receive payment if the employee can demonstrate and certify that they are receiving credible coverage for healthcare insurance from another provide and not the federal exchange for healthcare coverage. Section 125 Plans – The Board will allow before-tax deductions for insurances.
Waiver of Insurance. CASH BACK FROM THE CITY An employee who elects to opt out of medical coverage offered by the City must be able to provide proof of minimum essential coverage ("MEC") through another source (other than coverage in the individual market, whether or not obtained through Covered California). Any employee in the unit who either opts out of health insurance or selects benefits which cost less than the dollars contributed by the City to each employee for flexible benefits as provided in Article 5.3 above ($2,119 per month) can receive up to a maximum of one thousand and sixty dollars ($1,060) as cash. .
