Examples of Medical Premium Subsidy in a sentence
If the retiree’s eligible dependent is not yet Medicare eligible when the retiree commences the Medical Premium Subsidy, the dependent coverage shall be the same as the retiree medical benefit applicable to pre-Medicare dependents of pre-2017 retirees.
If a retiree and/or their eligible dependents reside outside of a Xxxxxx Permanente service area, the Medical Premium Subsidy can be used for any Medicare Advantage or Medicare “Medigap” plan premiums.
Any cost of medical coverage above the Medical Premium Subsidy shall be borne by the retiree.
Employees in a regular position scheduled for a minimum of forty (40) hours per pay period are eligible to receive the Medical Premium Subsidy towards the cost of health benefits.
Within any Xxxxxx 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- Xxxxxx Permanente plan).
Employees who are on approved leave, pursuant to applicable law, and whose paid hours in a pay period are less than the required number of hours designated in sub-section (b) above will continue to receive the Medical Premium Subsidy for up to a total of six (6) pay periods in any rolling twelve (12) month period.
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.
The Medical Premium Subsidy for a spouse or eligible domestic partner will not apply until the retiree commences the Medical Premium Subsidy.
At age sixty-five (65) or older, or Medicare eligibility if earlier, an eligible retiree shall receive a Medical Premium Subsidy toward the monthly premium of the Xxxxxx Permanente Senior Advantage plan (KPSA plan) where the retiree resides, or as further described in the “Medical Premium Subsidy” rules below.
However, employees must be paid for at least one-half plus one hour of their scheduled hours in order to actually receive the Medical Premium Subsidy towards the cost of health benefits.