Common use of Cash Option in Lieu of Health Benefits Clause in Contracts

Cash Option in Lieu of Health Benefits. In lieu of subscribing to the Board provided health insurance, an administrator may elect a cash option of $3500. A cash option is also provided for waiving dental and/or vision.

Cash Option in Lieu of Health Benefits. ‌ In lieu of subscribing to the Board provided health health, dental and vision insurance, an administrator may elect a cash option of $3500. A Employees newly eligible for insurance coverage as of July 1, 2016 will receive cash option is also provided for waiving in lieu of health, dental and/or visionand vision of $2,400 rather than $3,500.

Cash Option in Lieu of Health Benefits. In lieu of subscribing to the Board provided health health, dental and vision insurance, an administrator may elect a cash option of $3500. A Employees newly eligible for insurance coverage as of July 1, 2016 will receive cash option is also provided for waiving in lieu of health, dental and/or visionand vision of $2,400 rather than $3,500.