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ARTICLE XI <br />HEALTH INSURANCE <br />11.1 The employer shall provide either individual or <br />family medical insurance coverage at the employees <br />option for each full-time employee. The employer shall have <br />the option of seeking alternate health insurance providers <br />or plans and will attempt to offer at least two different <br />plans. Basic hospitalization will be consistent with and <br />similar to those plans offered on December 1, 1991. Basic <br />hospitalization will be that offered to other employees of <br />the City of North Olmsted. The employer has the right to <br />negotiate co-payment and prescription drug rates with <br />providers to lower the cost to the employer as well as the <br />employee contribution. <br />11.2 Period of Januarv 1. 1992 to June 30, 1992 <br />Effective during January 1, through June 30, 1992, the <br />maximum employer contribution for all medical, hospital, <br />prescription drug and related fees shall be $410.00 per <br />month. A payroll deduction of $30.00 per month shall be made <br />by all employees in plans which have an expected cost or <br />premium in excess of $440.00 per month. <br />If the average cost or premium is established to be <br />less than $440.00 per month over the above (6) six month <br />period, the employee who paid with a payroll deduction <br />contribution shall be entitled to a refund determined by the <br />difference between $440..00 and and the actual average cost <br />or premium times (6) six months,but in no event greater than <br />that employee's contribution during the period specified <br />above. Employee's who may be entitled to a refund shall <br />receive such refund within (30) thirty day's following the <br />determination of the actual average cost for the period, <br />January 1, 1992 through June 30, 1992. <br />All newly hired employees must have participated with a <br />payroll deduction during the entire (6) six months to be <br />eligible for a refund. Any employee who changes from single <br />to family status or vice-versa during the above period shall <br />be entitled to a refund calculated only by the number of <br />months for which contribution was made. <br />(14) <br />