Xxxxxx of Insurance. Employees, who voluntarily waive the insurance benefits set forth above, will be paid 25% of the premium cost of the program(s) in which the employee is currently eligible. Eligible employees hired after the date of July 1, 2005 shall receive 25% of the premium cost of the lowest cost program(s). Payment will be made in two installments – January 31st and June 30th. Once an employee voluntarily waives insurance coverage, the employee may re-enroll upon proof of any of the life events as designated by the Department of Insurance. Employees hired after July 1st of any year who elect not to take insurance coverage(s) or employees who terminated employment prior to June 30th shall have the payment prorated based on the number of months the employee was employed.
Xxxxxx of Insurance. If 11 or few bargaining unit members opt out of health insurance coverage, they shall each receive a $1,250 waiver bonus. If more than 11 members opt out, each of those OAPSE members shall receive a $2,500 waiver bonus. When the parties meet to negotiate a successor agreement to this contract, the health insurance waiver bonus shall be $1,250 unless negotiated otherwise. When both spouses are employees of the District, they shall be covered by a family plan under the name of one of the spouses. Upon the other spouse's application, he/she shall receive a $1,250 cash payment at the end of the contract year.
Xxxxxx of Insurance. Coverage shall be provided with limits of not less than: • Each Occurrence Limit $1,000,000 • General Aggregate Limit $2,000,000 • Products-Completed Operations Aggregate Limit $2,000,000 • Personal and Advertising Injury Limit each occurrence $1,000,000
Xxxxxx of Insurance. On an annual basis, at time of open enrollment, employees who provide proof of alternate coverage may waive any or all of the coverage to which they are entitled (medical, dental, and/or prescription), and receive 30% of the premium the Board would have paid, if not for the waiver.
Xxxxxx of Insurance. An eligible employee may elect one of the Employee Coverage plans below and, it an Employee Coverage plan is elected may also elect one of the Dependent Coverage plans below: Plan Employee Coverage Plan Dependent Coverage 1 $10,000 A $5,000 spouse/$2,000 per child 2 $20,000 B $10,000 spouse/$4,000 per child 3 $30,000 C $15,000 spouse/$4,500 per child 4 $40,000 D $20,000 spouse/$5,000 per child 5 $50,000 No Voluntary Group Life Insurance is provided after the end of the month in which the employee attains age 65.
Xxxxxx of Insurance. Amounts of group life, group accidental death and dismemberment, group sickness and accident, group reinstated sickness and accident and group extended disability insurance shall be determined in accordance with the Schedule of Benefits in Section
Xxxxxx of Insurance. The employee may elect either employee coverage or family coverage. Coverage must be purchased in units of $10,000. Employees may buy a principal sum of up to ten (10) times annual base pay, rounded to the next $10,000, up to a maximum benefit of $1,000,000.
Xxxxxx 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.
Xxxxxx 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
