Examples of Premium cost in a sentence

In the event, there is no increase to the Premium Cost, the Employee will pay last year’s Employee Contribution.
Monthly Premium Cost payable to the Insurance Provider of your choice TDSB Funding (Payment-in-lieu reimbursement) Maximum (2020-2021) 50% of the Actual Premium Cost TDSB Actual Payout = the Lesser of (a) or (b) Scenario 1$300.00$248.78*$150.00$150.00Scenario 2$500.00$248.78*$250.00$248.78 *Please note: the maximum reimbursement amount listed above is subject to change upon ratification of the local collective agreement and any retroactive payments will be processed accordingly.
Premium Cost & Payment: The cost for this extended continuation coverage shall not exceed the group rate in effect for an active group member, including the District’s contribution (i.e., the total amount the employee and District have been paying for health insurance coverage).
Total coverage $92,741,996 Average Premium Rate in British Market 1.00966% Premium Cost in British Market ...
Net Premium Cost Ex- clusive of Particular Aver- age ..................................

More Definitions of Premium cost

Premium cost as used herein shall mean the premium rate that each carrier would charge the Board to provide the benefits specified in 5.1 for each level of coverage if the Board had funded those benefits on a fully-insured basis, giving full credibility to actual experiences. The Board shall provide the Union, upon request with a written statement from each carrier of the premium rate that each carrier would charge the Board to provide the benefits specified in 5.1 for each level of coverage on a fully-insured basis.

Premium cost means the total cost of group health insurance benefits attributable to an employee on an annual basis. The Premium Cost can and will change from year to year as the group health insurance benefits and the cost therefore change from year to year.

Premium cost as used herein shall mean the premium rate that each carrier charges or would charge the Board to provide the benefits listed above for each level of coverage (i.e., individual, two-person, and family) whether or not the Board funds such benefits on a fully-insured basis or a self-insured basis. Upon a written request, the Board shall provide the Administrators’ Union with a written statement of the premium rate that each carrier charges or would charge the Board to provide the benefits of the particular insurance program for each level of coverage. The premium cost-sharing amount for which the member is responsible shall be automatically deducted from the members’ pay on a pro-rata monthly basis. In the 2008-2009 contract year, each member shall pay fifteen percent (15%) of the annual premium cost for the insurance programs listed above for which he/she is eligible and which he/she selects. The Board shall pay the balance of the cost of such insurance programs. In the 2009-2010 contract year, each member shall pay sixteen percent (16%) of the annual premium cost for the insurance programs listed above for which he/she is eligible and which he/she selects. The Board shall pay the balance of the cost of such insurance programs. In the 2010-2011 contract year and thereafter, each member shall pay seventeen percent (17%) of the annual premium cost for the insurance programs listed above for which he/she is eligible and which he/she selects. The Board shall pay the balance of such insurance programs. As an incentive for the 2008-11 contract, the premium cost share referenced above will remain ten percent (10%) for any employee who selects the HMO during the duration of this contract only.

Premium cost has the meaning specified in Section 6.07(b).

Premium cost means as either the actual premium cost paid by the Town for coverage under the Medical Plan or the Carve-Out Plan, or if the Town does not pay an actual premium, the cost the allocation rate as developed by an independent third party administrator

Premium cost as used herein shall mean the premium rate that each carrier charges or would charge the Board to provide the benefits listed above for each level of coverage (i.e., individual, two-person, and family) whether or not the Board funds such benefits on a fully-insured basis or a self-insured basis. Upon a written request, the Board shall provide the Teachers' Union with a written statement of the premium rate that each carrier charges or would charge the Board to provide the benefits of the particular insurance program for each level of coverage. In the 2007-2008 contract year, each member shall pay sixteen percent (16%) of the annual premium cost for the insurance programs listed above for which he/she is eligible and which he/she selects. The Board shall pay the balance of the cost of such insurance programs. In the 2008-2009 contract year, each member shall pay seventeen percent (17%) of the annual premium cost for the insurance programs listed above for which he/she is eligible and which he/she selects. The Board shall pay the balance of the cost of such insurance programs. In the 2009-2010 contract year, each member shall pay eighteen percent (18%) of the annual premium cost for the insurance programs listed above for which he/she is eligible and which he/she selects. The Board shall pay the balance of the cost of such insurance programs.

Premium cost as used herein shall mean the premium rate that each carrier charges or would charge the Board to provide the benefits listed above for each level of coverage (i.e., individual, two-person and family) whether or not the Board funds such benefits on a fully-insured basis or a self-insured basis. Upon a written request, the Board shall provide the Union with a written statement of the premium rate that each carrier charges or would charge the Board to provide the benefits of the particular insurance program for each level of coverage. Each employee will be offered the option of selecting the health care plan during open enrollment period each April for implementation on July 1. The premium cost-sharing amount for which the employee is responsible shall be automatically deducted from the employee’s pay in each paycheck on a pro-rata basis. In accordance with Internal Revenue Service Regulations, the Board agrees to continue a Section 125 Plan under which an employee may designate pre-tax dollars for certain medical costs such as premium cost sharing amounts, deductibles, co-insurance charges and certain medical care not covered under existing insurance programs. The Board shall also adopt and maintain an IRS Flexible Spending Account with a minimum contribution of $250 and a maximum contribution of $2,500 per plan year for health reimbursement and a minimum contribution of $250 to a maximum contribution of $5,000 per plan year for dependent care. The following provisions will apply:

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