Retirement Health Insurance definition

Retirement Health Insurance. For support staff employees who retire from their positions in compliance with the conditions above, the Board of Education, upon request and submittal of acceptable proof of payment, will pay up to two thousand five hundred dollars ($2,500) per year for a period of five
Sample 1
Retirement Health Insurance. Fire Fighters hired after January 1, 2022, shall not be eligible for any post-retirement health care benefits. For employees hired prior to January 1, 2019, the City shall provide continued health insurance coverage pursuant to the terms of this Agreement for the Fire Fighters and their spouse only following the Fire Fighter’s retirement from the department. The Post-Retirement Healthcare coverage provided herein shall be at the same rate and expense to the retiree as that assessed to active employees. This coverage shall not be provided for the Fire Fighter’s children. Such coverage shall be provided for a period of three (3) consecutive years or until the Fire Fighter is eligible for Medicare, whichever occurs first. This coverage provision is limited to only those persons not eligible for any other form of health insurance coverage from any other source of employment, or through their spouse’s place of employment, regardless of whether there is a required cost or contribution for same. This benefit is not an option which may be selected over another plan. Specifically, the parties agree that spousal coverage shall only be available to a spouse married to the Fire Fighter at the time of retirement. Further, in the event of a divorce or remarriage, or death of the Fire Fighter and remarriage of the spouse, this benefit shall cease.
Sample 1

Examples of Retirement Health Insurance in a sentence

  • Any employee electing to participate in the Early Retirement Health Insurance Benefit Program shall notify the District of their intent to retire no later than February 1st of the school year preceding retirement.

Related to Retirement Health Insurance

  • Health insurance means protection which provides payment of benefits for covered sickness or injury.

  • Health insurance plan means any health insurance policy or health benefit plan offered by a health insurer or a subcontractor of a health insurer, as well as Medicaid and any other public health care assistance program offered or administered by the State or by any subdivision or instrumentality of the State. The term includes vision care plans but does not include policies or plans providing coverage for a specified disease or other limited benefit coverage.

  • Health benefits plan means a benefits plan which pays or

  • Retirement system means a retirement plan or system that is established by or pursuant to title 38.

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.