Amount of Buy-Out. The employee will receive forty percent of the Town’s annual premium contribution for the coverage the employee is eligible for (individual, two-person, or family). For example, if the Town is contributing 80% of a $13,000 premium for family coverage, the amount of the buy-out would be 40% of $10,400, or $4160. The buy-out is subject to applicable taxes.
Amount of Buy-Out. The employee will receive forty percent of the Employer’s annual premium contribution for the coverage the employee is eligible for (individual, two-person, or family). For example, if the Employer is contributing 80% of a $13,000 premium for family coverage, or $10,400, the amount of the buy-out would be 40% of $10,400, or $4160. The buy-out is subject to applicable taxes.
Amount of Buy-Out. The employee will receive forty percent of the Village’s annual premium contribution for the coverage the employee is eligible for (individual, two-person, or family). For example, if the Village is contributing 86% of a $13,000 premium for family coverage, or $11,180, the amount of the buy-out would be 40% of $11,180, or $4472. The buy-out is subject to applicable taxes.
Amount of Buy-Out. If the employee is eligible for individual coverage, the employee will receive thirty percent of the monthly premium for individual coverage. If the employee is eligible for two-person coverage, the employee will receive thirty percent of the monthly premium for two-person coverage. If the employee is eligible for family coverage, the employee will receive thirty percent of the monthly premium for family coverage. The buy-out is subject to applicable taxes.
Amount of Buy-Out. The amount of the medical insurance buyout will be thirty percent of the Town’s annual premium contribution for the medical insurance coverage the employee is eligible for (individual, two-person, or family). For example, if the Town would be contributing 88% of a $13,000 premium for family coverage, or $11,440, the amount of the buy-out would be 30% of the $11,440, or $3432. The medical insurance buy-out is subject to applicable taxes.
Amount of Buy-Out. If the employee is eligible for individual coverage, the employee will receive an amount equivalent to forty percent of the Town’s annual premium contribution for individual coverage. If the employee is eligible for dependent coverage, the employee will receive an amount equivalent to forty percent of the Town’s annual premium contribution for dependent coverage.
Amount of Buy-Out. Each year, an eligible employee will receive an amount equal to the annual premium co-payment for the alternate medical insurance plan (excluding dental and vision) multiplied by 1.32 plus one thousand dollars. For example, if the annual premium co-pay for the alternate plan is $2800, the amount of the buy-out would be $2800 X 1.32 = $3696 + $1000 = $4696. The buy-out is subject to applicable taxes. For another example, if there is no annual premium co-pay for the alternate plan, the amount of the buy-out would be $0 X 1.32 = $0 + $1000 = $1000. The buy-out is subject to applicable taxes.
Amount of Buy-Out. The employee will receive thirty percent of the annual premium for the coverage the employee is eligible (e.g. Employee + Spouse; Family). The buy-out is subject to applicable taxes.
Amount of Buy-Out. If the employee is eligible for medical insurance coverage, the employee will be eligible each year to receive an amount equal to fifteen hundred dollars ($1500.00).
Amount of Buy-Out. The employee will receive thirty percent of the Town’s annual premium payment allowance. The buy-out is subject to applicable taxes.
