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ARTICLE XI <br />HEALTH INSURANCE <br />11.1 The employer shall provide either individual or family medical insurance <br />coverage at the employees option for each full-time employee. The employer sha11 have <br />the option of seeking alternate health insurance providers or plans and will attempt to <br />offer at least two (2) different plans. Basic hospitalization will be consistent with and <br />similar to those plans offered on July 1, 1994. Basic hospitalization will be that offered <br />to other employees of the City of North Olmsted. The employer has the right to <br />negotiate co-payment and prescription drug rates with providers to lower cost to the <br />employer as well as the employee contribution. <br />11.2 Effective January 1, 1995, through December 31, 1995, full-time employee(s) <br />participating within either an individual or family plan shall contribute an amount equal <br />to five (5%) percent of the plan premium or the expected cost of such medical plan and <br />the employer shall contribute ninety-five (95%) percent of such cost. The employee <br />contribution shall be withheld via payroll deduction not later than the first pay period <br />each month. <br />Effective January 1, 1996 and through the duration of this Agreement, full-time <br />employee(s) participating within either an individual or family plan shall contribute an <br />amount equal to eight (8%) percent of the plan premium or the expected cost of such <br />medical plan and the employer shall contribute ninety-two (92%) percent of such cost. <br />The employee contribution shall be withheld via payroll deduction not later than the first <br />pay period each month. <br />11.3 In conjunction with participating within a medical plan, the employee may <br />subscribe to and participate in the following optional health benefit coverage(s): <br />14