Medical Insurance Waiver. Unit employees who choose to waive medical insurance shall receive a monthly stipend of two hundred dollars ($200) per month.
Medical Insurance Waiver. During the annual enrollment period, an employee who is eligible for coverage, at his/her option, may waive health insurance coverage and receive the following cash payment: Single $3,000 Family $5,000 In accordance with the cash payment program, an employee must provide proof of duplicate medical coverage. This may be in the form of a letter from the medical benefits provider or a photocopy of a current medical identification card, which reflects dual coverage. Such documentation must be submitted with the completed application. Employees interested in participating in this program should contact the Human Resources Department for an application during the annual open enrollment period.
Medical Insurance Waiver. An employee’s election to select or waive group medical insurance shall remain in effect for a minimum of one (1) year. A change in election shall also remain in effect for a minimum of one (1) year. In accordance with the insurance carrier’s procedures, employees may change elections upon the occurrence of certain qualifying events. Any employee eligible to make such elections (other than an election made upon initial employment) shall submit the election form to the Payroll Office. Such elections shall become effective in accordance with the insurance carrier’s procedures or rules. A qualifying event is generally defined as marriage or divorce; birth, adoption, or placement for adoption; death of dependent; change in employment status of self or dependent; loss of other coverage, or loss of dependent status. If an employee has a question as to what matters meet the definition of a qualifying event, the employee should reference the actual insurance policy documents issued or possessed by the insurers, or speak with an insurance carrier representative, the Town’s Benefits Administrator, or Human Resources.
Medical Insurance Waiver. An employee may elect to waive group medical insurance coverage and receive six hundred dollars ($600) annually. Such additional annual compensation shall not be considered part of the employee’s annual salary or wage. An employee’s election to select or waive group medical insurance shall remain in effect for a minimum of one (1) year. A change in election shall also remain in effect for a minimum of one
Medical Insurance Waiver. Employees who are able to demonstrate to the City’s satisfaction that they have minimum essential coverage as defined by the Affordable Care Act, (through another source other than coverage in the individual market, whether or not obtained through Covered California), may opt out of participation in the City’s plan and will be paid 60% of the HMO employee only rate. This payment will be made to the employee on a biweekly basis as a part of the employee’s payroll check.
Medical Insurance Waiver. Notwithstanding the above, effective with the issuance of an arbitration award, employees may voluntarily elect to waive in writing all health insurance coverage outlined above and, in lieu thereof, shall receive an annual payment of six hundred fifty dollars ($650) in cash. Payment to those employees waiving such coverage shall be made in equal payments during the months of November, January, April and June. Where a change in an employee’s status prompts the employee to resume Town provided insurance coverage, the written waiver may, on written notice to the Town, be revoked. Upon receipt of revocation of the waiver, insurance coverage shall be reinstated as soon as possible; subject, to any regulations or restrictions, including waiting periods, which may then be prescribed by the appropriate insurance carriers. Depending upon the effective date of such reinstatement coverage, appropriate financial adjustments shall be made between the employee and the Town to ensure that the employee has been compensated, but not overcompensated, for any waiver elected in this section. Notice of intention to waive insurance coverage must be sent to the Finance Director not later than April 1st to be effective on July 1st of each contract year. Waiver of premium procedures must be acceptable to the applicable insurance carrier and at no time shall the Town be deemed as a self-insurer under this subsection. An employee’s election to select or waive group medical insurance shall remain in effect for a minimum of two (2) years or until the occurrence of a “qualifying event” as defined by the insurance company subject to any regulations or restrictions, including waiting period which may be prescribed by the insurance carrier. A change in election shall also remain in effect for a minimum of two (2) years. Any employee eligible to make such election (other than an election made upon initial employment) shall make the election during the month of February by submitting the appropriate election form to the Payroll office. Such election shall become effective on the next April 1st. A qualifying event is generally defined as marriage or divorce; birth, adoption, or placement for adoption; death of dependent; change in employment status of self or dependent; loss of other coverage, or loss of dependent status. If an employee has questions as to what matters to meet the definition of a qualifying event, the employee should reference the actual insurance policy documents issued or ...
Medical Insurance Waiver. Any employee may elect to waive group medical insurance coverage. Effective January 1, 2019, the rate of additional annual compensation shall be twenty percent (20%) of the premium rates in effect on July 1, 2008. The additional annual compensation shall be paid on a pro-rata basis each pay period and such pro-rata payments shall continue until such time as the employee terminates employment, or until his election to receive additional annual compensation is revoked in accordance with the procedure set forth below. Such additional annual compensation shall not be considered part of the employee’s annual salary or wage. Effective December 16, 2016, no employee hired after July 1, 2015 shall be eligible for additional annual compensation in lieu of insurance coverage. An employee’s election to select or waive group medical insurance shall remain in effect for a minimum of two (2) years or until the occurrence of a “qualifying event” as defined by the insurance company subject to any regulations or restrictions, including waiting periods which may be prescribed by the insurance carrier. A change in election shall also remain in effect for a minimum of two (2) years. Any employee eligible to make such election (other than an election made upon initial employment) shall make the election during the month of February by submitting the appropriate election form to the Payroll office. Such election shall become effective on the next April 1st. A qualifying event is generally defined as marriage or divorce; birth, adoption, or placement for adoption; death of dependent; change in employment status of self or dependent; loss of other coverage, or loss of dependent status. If an employee has questions as to what matters to meet the definition of a qualifying event, the employee should reference the actual insurance policy documents issued or possessed by the insurer, or speak with an insurance carrier representative, the Town’s Benefits Administrator, or Human Resources.
Medical Insurance Waiver. A. Employees may elect to waive his/her coverage under 1. or 1.f. above if he/she is already fully covered by his/her spouse and provided that he/she is given written explanation of future insurability and re-enrollment terms and provided he/she signs a written waiver which verifies the above.
Medical Insurance Waiver. Employees may elect to waive, in writing, the health insurance coverage provided above and in lieu thereof may receive an annual payment from the Town of $2,000 for waiving coverage for each fiscal year during which the Employee continues to elect not to participate in such coverage. Such payment will be issued in equal biweekly payments and will be subject to normal employment tax withholding and deductions. To receive such payment, an eligible Employee must complete and submit a form provided by the Town no later than June 1st of each fiscal year indicating his/her intent not to participate in the Town provided insurance coverage. Further, such Employees must present evidence to the Town that they are covered under another insurance program. Employees whose spouse has access to either Town or the Darien Board of Education medical benefits shall not be entitled to receive payments for waiving insurance coverage. Employees may elect to resume health insurance coverage due to the occurrence of a Qualified Life Event as outlined in IRS Regulations Section 125 (list is available from the Human Resources Dept.) for which documentation and a request for reinstatement must be submitted to the Human Resource Director in writing within 31 days of the qualifying event. Upon receipt of such request and documentation, insurance coverage provided by the Town shall be reinstated as soon as possible, including waiting periods, which may be prescribed by the applicable plan.
Medical Insurance Waiver. Employees who are able to demonstrate to the City’s satisfaction that they are covered by medical insurance other than that which is available through the City, may opt out of participation in the City’s plan and will be paid 60% of the HMO employee only rate. This payment will be made to the employee on a biweekly basis as a part of the employee’s payroll check.
