Platinum Plan definition

Platinum Plan. Maximum out of pocket (OOP) costs of $2,800 single coverage, $5,600 other coverages. Teachers are responsible for the first $400 of OOP costs required for single coverage, the first $800 for two persons or parent-child coverage and the first $1,000 for family coverage. The District will fund the next OOP costs of $2,100 (single coverage), $4,200 two persons or parent child coverage and $4,000 family coverage through a Health Reimbursement Account (HRA). Teachers will then be responsible for the last $300 of OOP costs required for single coverage, the last $600 for two persons or parent-child coverage and the last $600 for family coverage. Gold Plan: Maximum out of pocket (OOP) costs of $3,100 single coverage, $6,200 other coverages. Teachers are responsible for the first $400 of OOP costs required for single coverage, the first $800 for two persons or parent-child coverage and the first $1,000 for family coverage. The District will fund the next OOP costs of $2,100 (single coverage), $4,200 two persons or parent child coverage and $4,000 family coverage through a Health Reimbursement Account (HRA). Teachers will then be responsible for the last $600 of OOP costs required for single coverage, the last $1,200 for two persons coverage or parent-child coverage and the last $1,200 for family coverage. Silver Plan: Maximum out of pocket (OOP) costs of $4,000 single coverage, $8,000 other coverages. Teachers are responsible for the first $400 of OOP costs required for single coverage, the first $800 for two persons or parent-child coverage and the first $1,000 for family coverage. The District will fund the next OOP costs of $2,100 (single coverage), $4,200 two persons or parent child coverage and $4,000 family coverage through a Health Reimbursement Account (HRA). Teachers will then be responsible for the last $1,500 of OOP costs required for single coverage, the last $3,000 for two persons or parent-child coverage and the last $3,000 for family coverage. Funds in the HRA will be available and may be used solely to pay for qualified medical and prescription drug expenses that track towards the annual deductible, co-payment or co-insurance expenses required by the Plan selected. The District will be responsible for the administrative costs of operating the HRA plan. Any substantive or procedural issue related to the operation or administration of the HRA Plan not specified herein is left to the discretion of the District. The District’s contribution toward premiu...
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Platinum Plan means any of the Platinum Plans set forth on Exhibit O.
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Platinum Plan. List of Covered Products: Built-in microwave, kitchen exhaust fan, range/oven/cooktop, dishwasher, refrigerator (EXCLUDES ICE MAKER), garbage disposal, whole house humidifier, and water heater.
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Examples of Platinum Plan in a sentence

  • In addition, exclusions that apply to the Travel Benefit (Benefit G7) under the Platinum Plan are in Section H.

  • All employees hired on or after September 19, 2011 (“New Hires”) will participate in the Platinum Plan of the United Food and Commercial Workers Unions and Food Employers Benefit Fund (Platinum Plan) for the life of this Agreement.

  • As of July 1, 2017, the Employer shall contribute $5.7740 per hour for the Platinum Plan and $4.3305 per hour for the Gold Plan.

  • First year students residing on campus are required to enroll in the Platinum 19 Meals per week Standard or Kosher Platinum Plan.

  • If the insured is injured due to an accident and is continuously confined to hospital or to the insured’s home except for attending medical appointments, we pay $750 per month under the Platinum Plan and $500 per month under the Gold or Silver Plan.

  • Students required to purchase the 7–Day Silver Anytime Plan cannot change to the 5-Day Anytime Dining Meal Plan or a Block Plan, but may upgrade to a Gold or Platinum Plan.

  • This section is not applicable to the Hospital Cash benefit payable in case of Platinum Plan and Ruby Plan.

  • Effective July 1, 2021, the District will offer a Silver Plan and a Platinum Plan.

  • This Benefit will be available only in case the Policyholder has chosen the Platinum Plan Option.

  • This Benefit will be available in case the Policyholder has chosen the Gold or Platinum Plan Option.


More Definitions of Platinum Plan

Platinum Plan. Maximum out of pocket (OOP) costs of $2,800 single coverage, $5,600 other coverages. The Board will have the same monetary obligation to fund the first dollar of OOP costs required under the Platinum Plan that the Board has under the Gold CDHP Plan, based on the level of coverage selected. ESPs will be financially responsible to pay the difference in last dollar OOP costs associated with the Platinum Plan, based on the level of coverage selected. The Board will fund its share of the OOP costs under the Platinum Plan through an HRA. Gold Plan: Maximum out of pocket (OOP) costs of $3,100 single coverage, $6,200 other coverages. The Board will have the same monetary obligation to fund the first dollar of OOP costs required under the Gold Plan that the Board has under the Gold CDHP Plan, based on the level of coverage selected. ESPs will be financially responsible to pay the difference in last dollar OOP costs associated with the Gold Plan, based on the level of coverage selected. The Board will fund its share of the OOP costs under the Gold Plan through an HRA. Silver Plan: Maximum out of pocket (OOP) costs of $4,000 single coverage, $8,000 other coverages. The Board will have the same monetary obligation to fund the first dollar of OOP costs required under the Silver Plan that the Board has under the Gold CDHP Plan, based on the level of coverage selected. ESPs will be financially responsible to pay the difference in last dollar OOP costs associated with the Silver Plan, based on the level of coverage selected. The Board will fund its share of the OOP costs under the Silver Plan through an HRA.
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Platinum Plan. Bargaining unit members who participate in the Platinum Plan will be eligible for the following funding to a Health Reimbursement Account (HRA). During the 2021-2022 contract year, the District will fund up to $1,500.00 annually for single coverage and up to $3,000.00 annually for all other coverage levels in a Health Reimbursement Account (HRA). The HRA funding may be used for the deductible, medical copayments, out of network claims, and prescription copayments. During the 2022-2023 contract year, the District will fund up to $1,500.00 annually for single coverage and up to $3,000 annually for all other coverage levels in a Health Reimbursement Account (HRA). The HRA funding may be used for the deductible, medical copayments, out of network claims, and prescription copayments. During the 2023-2024 contract year, the District will fund up to $1,500.00 annually for single coverage and up to $3,000.00 annually for all other coverage levels in a Health Reimbursement Account (HRA). The HRA funding may be used for the deductible, medical copayments, out of network claims, and prescription copayments. During the 2024-2025 contract year, the District will fund up to $1,200.00 annually for single coverage and up to $2,700.00 annually for all other coverage levels in a Health Reimbursement Account (HRA). The HRA funding may be used for the deductible, medical copayments, out of network claims, and prescription copayments.
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Related to Platinum Plan

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • MIC A mortgage insurance certificate issued by HUD.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Indigenous Peoples Plan or “IPP” means any of the plans acceptable to the Bank, adopted by the Borrower, through UCPyPFE-UEP, and/or the pertinent Participating Province when applicable as set forth in the Operational Manual, all prepared and to be carried out following the requirements of the Indigenous Peoples Planning Framework.

  • EHC plan means an Education, Health and Care plan made under sections 37(2) of the Children and Families Act 2014.

  • Merit system plan means those regulations adopted by the Board in the development and operation

  • AIP means the Company's Annual Incentive Plan as it exists on the date hereof and as it may be amended, supplemented or modified from time to time or any successor plan.

  • Program Plan means the tobacco settlement program plan dated February 14, 2001, including exhibits to the program plan, submitted by the authority to the legislative council and the executive council, to provide the state with a secure and stable source of funding for the purposes designated by section 12E.3A and other provisions of this chapter.

  • Company Incentive Plan shall have the meaning assigned to it in Section 1.7 hereof.

  • Opium poppy means the plant of the species Papaver somniferum L., except its seeds.

  • ESP means the Company’s Executive Savings Plan.

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • Condominium Plan means a plan described in Section 4285.

  • Separation Plan means the Company’s Separation Plan Amended and Restated Effective August 13, 2006, as may be amended from time to time or any successor plan, program, arrangement or agreement thereto.

  • Incentive Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.

  • Incentive Plan means any plan providing compensation that depends on achieving certain performance goals or similar conditions within a specified period;

  • Supply Plan has the meaning set forth in the CAISO Tariff.

  • Environmental and Social Management Plan or “ESMP” means a site-specific environmental and social management plan to be prepared in accordance with the parameters laid down in the ESMF and acceptable to the Association, setting forth a set of mitigation, monitoring, and institutional measures to be taken during the implementation and operation of the Project activities to eliminate adverse environmental and social impacts, offset them, or reduce them to acceptable levels, and including the actions needed to implement these measures.

  • Management Plan means a plan to manage the activities and protect the special value or values in an Antarctic Specially Protected Area or an Antarctic Specially Managed Area.

  • Long-Term Incentive Plan or “LTIP” means a plan providing compensation intended to motivate performance over a period greater than one financial year. LTIPs do not include option or SAR plans or plans for compensation through shares or units that are subject to restrictions on resale;

  • the BCTF Plan means the Group RRSP entered into by the Federation and Royal Trust or a successor to that plan;

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

  • MIP has the meaning set forth in Section 3(b) of the Agreement.

  • General Plan means a document that a municipality adopts that sets forth general

  • BCDR Plan means the plan consisting of general business continuity and disaster recovery principles, the Business Continuity Plan and Disaster Recovery Plan as further described in paragraph 1.2 of Schedule 2- 14.

  • Seller 401(k) Plan has the meaning set forth in Section 5.5(e).