Medical Premium definition

Medical Premium means such payments that the Customer is required to pay by the Insurer in satisfaction of the Medical Insurance agreement, whether a renewal, renegotiation, or otherwise as agreed between the Customer and the Insurer.
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Medical Premium. For benefit year 2014 only, the parties agree that Article 13.2
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Examples of Medical Premium in a sentence

  • The Employer will continue to offer a Medical Premium Assistance Program through the duration of this Agreement.

  • If the Medical Premium Subsidy amount exceeds the KPSA premium costs, then the excess amount will be forfeited.

  • The Butte County Flexible Benefits Plan consisting of the Tax Deferred Medical Premium option, the Dependent Care Reimbursement option and the un- reimbursed Health Care Cost option, (hereafter "Cafeteria Plan") is available to all employees in regular-help positions (hereafter "employee").

  • This 3% funding to the Retiree Medical Premium Plan was fully implemented in 2005-2006 and it was the goal of the Insurance Committee to continue a plan for the Retiree Medical Premium Plan that would operate within available resources.

  • The Butte County Flexible Benefits Plan consisting of the Tax Deferred Medical Premium option, the Dependent Care Reimbursement option and the un-reimbursed Health Care Cost option, (hereafter "Cafeteria Plan") is available to all employees in regular-help positions (hereafter "employee").

  • Any cost of medical coverage above the Medical Premium Subsidy shall be borne by the retiree.

  • If a retiree and/or his or her eligible dependents reside outside of a ▇▇▇▇▇▇ Permanente service area, the Medical Premium Subsidy can be used for any Medicare Advantage or Medicare “Medigap” plan premiums.

  • Within any ▇▇▇▇▇▇ Permanente Service Area, Medical Premium Subsidy applies only for the amount of the lowest-cost KPSA coverage (including prescription drug coverage) available to the retiree (and not for any premium plan or non-▇▇▇▇▇▇ Permanente plan).

  • In the event of an eligible retiree’s death, the Medical Premium Subsidy will be available for a surviving spouse or domestic partner, subject to the same rules.

  • In order to help stabilize the Retiree Medical Premium Plan the 3% designated employee contributions approved in the 2004-2006 contract will continue.