Health and Welfare Insurance Benefits. This letter sets forth the basis on which the Company agrees, during the term of our current Agreement, to pay the cost of employee health and welfare insurance benefits. The Company pay the premium cost of the Accident and Sickness Plan underwritten by The Prudential Insurance Company of America for employees who have completed their probationary period and otherwise have fulfilled the eligibility requirements of the underwriter. The benefit will be of the employee’s weekly wage, to a maximum of per week or of the employee’s weekly earnings which are insurable under the Unemployment Insurance Act, whichever is greater. An insured employee will be eligible for benefits from the first day of absence, due to a non- occupational accident and from the fourth day (first day if during the period) where the absence is due to a bona fide sickness and the benefit will be payable for a maximum of twenty-six weeks. The Company will pay the premium cost of of Group Life Insurance for employees who have completed their probationary period and otherwise fulfilled the requirements of the underwriter. Life insurance in the amount of shall be provided for the eligible employee’s spouse. The Company will pay the premium cost of the Major Medical Plan, deductible and a Prescription Drug Plan with a deductible of for the insured employee and for his dependents for employees who have completed the probationary period and otherwise qualify for this insurance. The Company pay the premium cost of a Dental Insurance Plan for employees who have completed their probationary period and otherwise and for their eligible dependents. Such dental plan will provide benefits to the basic Blue Cross Plan No, Effective April the Ontario Dental Association schedule of fees will apply and effective April the will apply. The Company will pay the premium cost of a Long Term Disability Insurance Plan for eligible employees who have completed the probationary period and otherwise qualify. The disability benefit under the plan shall be of basic earnings, excluding overtime or other premium to a maximum of No benefits are payable for the first twenty-six weeks of disability or the period of time during which disability benefits are payable under the Unemployment Insurance Act. Canada Pension Plan and other legislated benefits shall be integrated with the long term disability benefit. It is understood that payment of these insurance premiums by the Company is in lieu of any employee entitlement to a f...
Health and Welfare Insurance Benefits. 7.1 Notwithstanding any express language in this Agreement to the contrary, the City retains the right to make whatever changes are reasonably necessary to comply with the provisions of the Affordable Care Act (ACA) and to avoid penalties and excise taxes. In the event the excise tax cannot be avoided and future legal guidance dictates that the excise tax must be paid by the City, the parties agree to equally share in cost mitigations by opening this Article for negotiations. The parties acknowledge that the primary way to avoid the excise tax may be to reduce benefits, higher deductibles, higher co-pays, less prescription coverage, and amendments to other health-related programs. Employees electing to enroll in the City’s High Deductible Medical Plan will receive incentives as provided by the terms of this Agreement. New employees will receive the lower monthly premium until annual biometric testing. If the employee opts not to participate, premiums will increase the first of the month thereafter.
Health and Welfare Insurance Benefits
