95-151 Ordinance - Laserfiche WebLink

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ARTICLE 25 - HOSPITALIZATION Section 1. The City shall provide either individual or Family medical insurance coverage at the employees option for each full-time employee. The employer shall have the option of seeking alternate health insurance providers or plans and will attempt to offer at least two (2) different plans. Basic hospitalization will be consistent with and similar to those plans offered on July 1, 1994. Basic hospitalization will be that offered to all other employees of the City of North Olmsted. The employer has the right to negotiate co-payment and prescription drug rates with providers to lower the cost to the employer as well as the employee contribution. Section 2. Effective July 1, 1995, through December 31, 1995, full-time employee(s) participating within either an individual or family plan shall contribute an amount equal to five (5%) percent of the plan premium or expected cost of such medical plan and the employer shall contribute ninety-five (95%) percent of such cost. The employee contribution shall be withheld via payroll deduction not later than the first pay period each month. Effective January 1, 1996 and through the duration of this agreement, full-time employee(s) participating within either an individual ar family plan shall contribute an amount equal to eight (8%) percent of the plan premium or expected cost of such medical plan and the employer shatl contribute ninety-two (92%) percent of such cost. The employee contribution shall be withheld via payroll deduction not later than the first pay period each month. Section 3. Expected cost or premium is defined as the cost of all medical; hospital, prescription drug and related fees, including but not limited to, administration 1- 01fees. 431