Group Insurance Coverage. A. All full-time teachers are eligible for a $50,000 term life insurance plan with AD&D, and the Board will pay all but one dollar ($1.00) of the annual premium cost. B. All full-time teachers are eligible for a Board contribution toward the individual employee’s group health insurance coverage carried through the Tippecanoe School Corporation. Dependent coverages may be added to the group health insurance plan and the Board will contribute to these as follows: Emp. + Spouse $1,061.05 Emp. + Children $878.19 Employee Only $725.42 Emp. + Spouse $1,311.05 Emp. + Children $1,128.19 Emp. + Family $1,682.79 Emp. + Family $1,432.79 HDHP Board Contribution (per month) For all insurance coverages, the Board will not contribute more than the amount allowed by IC 20- 26-17. The parties agree that the Board’s contribution shall be adjusted to comply with IC 20-26- 17. Based on current plan designs the monthly Board contributions to premiums will begin on December 1 and will be in effect for the calendar year. HSA contributions will begin on January 1 and will be in effect for the calendar year. The amounts are as follows: Employee Only $579.59 Emp. + Spouse $1,061.05 Emp. + Children $878.19 Emp. + Family $1,432.79 Employee Only $604.59 in premium and $120.83 in the teacher’s HSA Emp. + Spouse $1,111.05 in premium and $200 in the teacher’s HSA Emp. + Children $928.19 in premium and $200 in the teacher’s HSA Emp. + Family $1,482.79 in premium and $200 in the teacher’s HSA Employee Only $562.92 in premium and $162.50 in the teacher’s HSA Emp. + Spouse $1,090.22 in premium and $220.83 in the teacher’s HSA Emp. + Children $907.36 in premium and $220.83 in the teacher’s HSA Emp. + Family $1,461.96 in premium and $220.83 in the teacher’s HSA Due to the redistribution of the one-time bonus HSA deposit, any teacher who is enrolled in a TSC High Deductible Health Plan (HDHP) and retires at the end of the 2024-25 school-year will receive an additional HSA deposit of $250 if enrolled in the Employee Only plan and $550 if enrolled in the Employee/Spouse, Employee/Children, or Family plans on the final payout of the contract if they have not met the IRS annual limit on HSA contributions for 2025. This language only applies to the 2024-25 school-year and will expire on 6/30/2025.
Appears in 2 contracts
Sources: Master Contract, Master Contract
Group Insurance Coverage. A. All full-time teachers are eligible for a $50,000 term life insurance plan with AD&D, and the Board will pay all but one dollar ($1.00) of the annual premium cost.
B. All full-time teachers are eligible for a Board contribution toward the individual employee’s group health insurance coverage carried through the Tippecanoe School Corporation. Dependent coverages may be added to the group health insurance plan and the Board will contribute to these as follows: Emp. + Spouse $1,061.05 1,019.38 Emp. + Children $878.19 Employee Only $725.42 Emp. + Spouse $1,311.05 Emp. + Children $1,128.19 836.52 Emp. + Family $1,682.79 Emp. + Family $1,432.79 HDHP Board Contribution (per month) 1,391.12 For all insurance coverages, the Board will not contribute more than the amount allowed by IC 20- 26-17. The parties agree that the Board’s contribution shall be adjusted to comply with IC 20-26- 17. Based on current plan designs the monthly Board contributions to premiums will begin on December 1 and will be in effect for the calendar year. HSA contributions will begin on January 1 and will be in effect for the calendar year. The amounts are as follows: PPO Employee Only $579.59 537.92 Emp. + Spouse $1,061.05 1,019.38 Emp. + Children $878.19 836.52 Emp. + Family $1,432.79 1,391.12 Employee Only $604.59 500.42 in premium and $120.83 37.50 in the teacher’s HSA Emp. + Spouse $1,111.05 1,006.88 in premium and $200 12.50 in the teacher’s HSA Emp. + Children $928.19 824.02 in premium and $200 12.50 in the teacher’s HSA Emp. + Family $1,482.79 1,378.62 in premium and $200 12.50 in the teacher’s HSA Employee Only $562.92 458.75 in premium and $162.50 79.17 in the teacher’s HSA Emp. + Spouse $1,090.22 986.05 in premium and $220.83 33.33 in the teacher’s HSA Emp. + Children $907.36 803.19 in premium and $220.83 33.33 in the teacher’s HSA Emp. + Family $1,461.96 1,357.79 in premium and $220.83 33.33 in the teacher’s HSA Due In addition to Article IV, Section 5 Part B above, the redistribution of board shall contribute into a teacher’s TSC Health Savings Account (HSA) if the one-time bonus HSA deposit, any teacher who meets the IRS requirements for contributions and is enrolled in a TSC High Deductible Health Plan (HDHP) and retires at the end on or before January 1. The contribution shall consist of the 2024following amounts and shall take place on or before January 20: Employee Only $1,750 Emp. + Spouse $3,000 Emp. + Children $3,000 Emp. + Family $3,000
C. Long Term Disability Insurance (LTD). All full-25 school-year will receive an additional HSA deposit of $250 if enrolled time teachers may participate in the Employee Only optional group long- term disability insurance plan carried through the Tippecanoe School Corporation. The Board will contribute all but $1 per year toward the cost of the plan.
D. Vision and $550 if enrolled Dental Insurance - All full-time teachers may participate in the Employeeoptional group dental/Spouse, Employee/Children, or Family plans on vision insurance plan carried through the final payout Tippecanoe School Corporation. The Board will contribute all but $1 toward the cost of the contract if they have not met the IRS annual limit on HSA contributions for 2025. This language only applies to the 2024-25 school-year and will expire on 6/30/2025plan.
Appears in 1 contract
Sources: Master Contract