Waiver of Coverage definition

Waiver of Coverage. The District shall contribute to the flexible spending account of the District 125 Plan of each individual who qualifies for health insurance and waives insurance an additional $500 for expenses allowable under the plan. This amount shall be pro-rated for fractional time employees.
Sample 1

Examples of Waiver of Coverage in a sentence

  • In accordance with the foregoing, the Waiver of Coverage (Section 24.7) provisions of this Agreement shall be made through the Cafeteria Plan.

  • A new Waiver of Coverage premium of $300 per month will be paid to Employees who opt out of the PIB and certify that they are enrolled in their spouses plan.

  • For the 2018-19 plan year, that contribution will be as follows: Coverage Monthly Benefit Dollars Waiver of Coverage $300.00 EE Only $740.16 EE+1 $1,354.83 EE+Family $1,971.79 Employer will continue offering teledoc services for the July 1, 2018-June 30, 2019 plan year.

  • Waiver of Coverage : Employees classified as full-time and working thirty (30) hours or more per week may waive and opt out of the EMPLOYER sponsored Group Health Insurance Plan by providing proof of alternative primary coverage, for example, through (1) Tricare, or (2) spousal / Parental Group Health Insurance Coverage, not to include Medicare or Medicaid.

  • If additional employees are hired between the date this application is completed and the date coverage is issued, completed Enrollment Forms or Waiver of Coverage Form must be submitted within 5 days of date of hire.

  • All eligible full-time employees, including those in the new employee waiting/affiliation period, must submit an Enrollment Form or a Waiver of Coverage Form.

  • For further details regarding this New York Insurance Law, please refer to the New York Department of Financial Services website at xxxx://xxx.xxx.xx.xxx/insurance/ogco2010/rg101215.htm and search for Group Health Insurance, Waiver of Coverage.

  • Effective July 1, 2015, the schedule of monthly benefit dollars will be: Coverage Monthly Benefit Dollars Waiver of Coverage 300.00 EE Only 743.25 EE+1 1352.05 EE+Family 1970.04 The City reserves the right to determine the carriers and will seek input from the bargaining units regarding plan design of the standard benefits and possible voluntary optional benefits.

  • The payment will be on a calendar year basis, and will be paid to those Employees who have filed a Waiver of Coverage with Personnel for the coming year.

  • Effective July 1, 2018, that contribution will be as follows: Coverage Monthly Benefit Dollars Waiver of Coverage $300.00 EE Only $740.16 EE+1 $1,354.83 EE+Family $1,971.79 Employer will continue offering teledoc services for the July 1, 2018-June 30, 2019 plan year.

Related to Waiver of Coverage

  • Evidence of coverage means any certificate, agreement or contract issued to an enrollee setting out the coverage to which the enrollee is entitled.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Outline of coverage means a summary that explains an accident and health insurance policy.

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Period of Coverage means the Plan Year, with the following exceptions: (a) for Employees who first become eligible to participate, it shall mean the portion of the Plan Year following the date on which participation commences, as described in Section 3.1; and (b) for Employees who terminate participation, it shall mean the portion of the Plan Year prior to the date on which participation terminates, as described in Section 3.2.

  • Certificate of Coverage means a written certification provided by any source that offers medical care coverage, including the Plan, for the purpose of confirming the duration and type of an individual’s previous coverage.

  • Levels of cover means cover is available for either hospital treatment, general treatment or combined hospital and general treatment.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Certificate of Insurance means a document showing that an insurance policy has been written and includes a statement of the coverage of the policy.

  • Property Insurance is defined in Section 6.10(a).

  • Lot coverage means the portion or percentage of the area of a lot upon which buildings are erected.

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Evidence of Insurability means a statement of proof of your medical history upon which acceptance for insurance will be determined by Liberty.

  • Master Policy means a single worker’s compensation insurance policy issued by an insurer authorized to do business in this state to an employee leasing company in the name of the employee leasing company that covers more than one client of the employee leasing company.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Site Coverage means ratio expressed in percentage between the area covered by the ground floor of building and the area of the site;

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Period of Cover means the duration of Your cover as stated in Your Policy Documents.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Type of insurance means coverage afforded under the particular policy that is being placed.

  • Insurance Report means an insurance report in respect of the Insurances confirming that such Insurances are placed with such insurers, insurance companies and/or clubs in such amounts, against such risks and in such form as acceptable to the Agent (acting on the instructions from the Finance Parties) and comply with the requirements under Clause 26.3 (Insurance) and the GIEK Guarantee prepared by Bank Assure Insurance Services Inc., or such other reputable insurance advisor approved by the Agent, and dated on or about 11 June 2010 and addressed to, and capable of being relied upon by, the Finance Parties.

  • Credit property insurance means insurance:

  • Waiver or variance means action by the board which suspends in whole or in part the requirements or provisions of a rule as applied to an identified person on the basis of the particular circumstances of that person. For simplicity, the term “waiver” shall include both a “waiver” and a “variance.”

  • Insurance Requirements means all terms of any insurance policy required by this Agreement and all requirements of the issuer of any such policy and all orders, rules and regulations and any other requirements of the National Board of Fire Underwriters (or any other body exercising similar functions) binding upon Landlord, Tenant or the Leased Property.