Common use of Non-Participation Option Clause in Contracts

Non-Participation Option. Any employee who has alternative employment based health insurance coverage elsewhere, and who during the open enrollment period, elects in writing not to participate in the medical and dental insurance plans listed above shall receive, in lieu thereof, payment of $700.00 if they are eligible and qualified to participate as an individual only or $900.00 if they are eligible and qualified to receive Board-paid insurance benefits for employee plus one dependent or $1,200.00 if they are eligible and qualified to received Board-paid insurance benefits for family. Such payment shall be made on the last pay date of the school year if they do not participate in the plan for the entire year. If an employee who initially elects not to participate in all of the insurance plans listed above but is reinstated under such plan due to a qualifying event, he/she forfeits his/her right to receive any portion of the payment. This waiver option is not available to any employee whose alternative coverage is or becomes a pre-existing condition insurance plan, high risk pool or insurance exchange, such that or as to whom the waiver would expose the Board to any liability for reimbursement or payment of insurance claims to such PCIP, high risk pool or insurance exchange.