Common use of Change of Coverage Clause in Contracts

Change of Coverage. The Town shall provide eligible employees and their dependents substantially similar group health and hospitalization insurance coverage and benefits as existed under the Steelworkers Health and Welfare Fund Plan as of the expiration date of this agreement. The Town reserves the right to change or provide alternate insurance carriers, or to self-insure as it deems appropriate for any form or portion of insurance coverage referred to in this article, so long as the new coverage and benefits are substantially similar to the insurance under the Steelworkers Health and Welfare Fund Plan which predated this agreement. This includes, but is not limited to, the right, on an annual basis, to terminate coverage pursuant to the Steelworkers Health and Welfare Fund and to revert to insurance then applicable to other, non- union employees within the Town. The Town shall notify the Union of any medical coverage and/or co-pay changes before these changes are implemented. The Town will not be responsible for changes unilaterally imposed by an insurance provider so long as the Town uses its best efforts to minimize changes by incumbent insurance providers from one plan year to another. Medical, prescription and dental plan design will be set forth in a side letter.