Cash in Lieu of Medical Coverage Clause Samples
Cash in Lieu of Medical Coverage. The voluntary Cash in Lieu of Medical Coverage Program is available to all full-time employees. An employee electing to participate, will forego medical insurance coverage, and will receive one-half of the cash value of the Kaiser Sacramento Area “Employee Only” premium in his/her paycheck on the 25th of the month. This additional income is taxable and the employee must have medical insurance through another source (e.g. spouse or a previous employer).
A. New Hire/Annual Enrollment Period – A newly hired employee must enroll within 60 days of his/her hire date. Thereafter an employee electing to participate may enroll during the annual CalPERS open enrollment period. Retroactive enrollment is not permissible. An employee already enrolled in the program, who promotes into a covered classification, will have no interruptions in benefits.
B. Once an employee is enrolled in the program, his/her participation may continue year to year, unless the employee elects to discontinue participation during the open enrollment period; the employee has an allowable family status change as defined by IRS regulations; or the employee is found to be disqualified for benefits under this coverage. The DISTRICT may request verification from the employee that he/she is continuing participation in a medical insurance plan through another source. The employee must provide satisfactory documentation of his/her participation within fifteen (15) calendar days of the DISTRICT’S request.
C. If an employee’s medical coverage is discontinued after the open enrollment period, the employee may re-enroll in the DISTRICT medical insurance if the employee:
1. Completes and submits an enrollment application within sixty (60) days after losing coverage; and
2. Meets the DISTRICT’S requirements for family status changes.
3. Please contact the Benefits Unit in Human Resources for enrollment and further information regarding this coverage.
Cash in Lieu of Medical Coverage. A Bus Operator who is an eligible covered dependent of a non-District group medical insurance program may opt out of the District’s group medical insurance programs and receive Four Hundred Dollars ($400) per month.
Cash in Lieu of Medical Coverage. Employees that have medical coverage by some other means may elect to receive “cash in-lieu” of medical coverage after they provide annual proof of such medical coverage to the Human Resources Department. For those employees who received the “cash in-lieu” amount on or before May 1 2014, and retained the benefit, the maximum benefit amount will be $668.63. The “cash in-lieu” benefit amount shall be $300 per month for: a) employees hired after May 1, 2014; or, existing employees who discontinue the City’s medical coverage and opt for “cash in-lieu” of medical coverage at a later date as long as they meet the requirements as described above.
Cash in Lieu of Medical Coverage. An employee who is otherwise eligible to have basic group medical coverage may opt to have CVCHS pay three thousand dollars ($3,000.00) per year, , cash in lieu. Payments will be made in equal monthly amounts and will be included with employee’s regular paychecks. Such payment shall be in lieu of medical coverage paid by CVCHS and shall be initiated only following the employee's certification, on a form prescribed by CVCHS, of alternative coverage.
Cash in Lieu of Medical Coverage. Employees on the active payroll who are covered by a health care plan, other than that of the ▇▇▇ Arbor Public Schools, and can furnish proof of such coverage, may elect to take an annual $1200 cash payment, which will be paid in four (4) equal installments ($300) at the end of each three (3) month period, in lieu of the medical coverage. This cash-in-lieu of plan will only be offered if an additional twenty (20) employees who have health care coverage provided by ▇▇▇ Arbor Public Schools as of May 28, 2010 elect to opt out and take coverage provided elsewhere. This program will be offered as a pilot program for the 2010-2011 school year. The option will not be provided subsequent to June 30, 2011 unless both parties agree to continue the benefit.
Cash in Lieu of Medical Coverage. The City will provide employees with the option of reducing their medical coverage and receiving payment of a portion of what otherwise would be the City contribution. To be eligible for this plan, an employee must either:
1. Change from full family coverage to employee plus one or employee only coverage;
2. Change from employee plus one coverage to employee only coverage;
3. Change from any level coverage to no coverage; or
4. Be a new employee choosing no coverage. Payment shall be made on the following schedule: E + 2(+) 0 $125.00 E + 2(+) E $ 75.00 E + 2(+) E1 $ 20.00 E + 1 0 $100.00 E + 1 E $ 35.00 E 0 $ 50.00 new 0 $ 50.00 Whenever an employee changes to no coverage, the employee shall provide proof of alternate coverage and sign a waiver that he/she does have alternative coverage and that he/she understands that he/she will no longer receive coverage through a City sponsored PERS provided medical plan. If an employee decides to increase his/her level of coverage either by reentering a City sponsored PERS provided medical plan or including a dependent in his/her current coverage, he/she must submit a health statement for the provider’s approval or enroll during the annual open enrollment period. Responsible procedures for exercising this option and for reentering City sponsored PERS provided medical plans shall be established by the City.
Cash in Lieu of Medical Coverage