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ARTICLE 12 <br />HEALTH INSURANCE <br />12.1 The employer shall provide either individual or family medical insurance coverage <br />at the employee's option for each full time employee. The employer shall have the option of <br />seeking alternate health insurance providers or plans and will attempt to offer at least two <br />different plans. Basic hospitalization will be consistent with and similar to those plans offered on <br />July 1, 1994. Basic hospitalization will be that offered to other employees of the City of North <br />Olmsted. The employer has the right to negotiate co-payment and prescription drug rates with <br />providers to lower the cost to the employer as well as the employee contribution. <br />12.2 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 to five <br />(5%) percent of the plan premium or the expected cost of such medical plan and the employer <br />shall contribute ninety-five (95%) percent of such cost. The employee contribution shall be <br />withheld via payroll deduction not later than the first pay period 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 amount <br />equal to eight (8%) percent of the plan premium or the expected cost of such medical plan and the <br />employer shall contribute ninety-two (92%) percent of such cost. The employee contn~bution <br />shall be withheld via payroll deduction not later than the first pay period each month. <br />(16) <br />