94-091 Ordinance - Laserfiche WebLink

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CITY OF NORTH OLMSTED ORDINANCE N0. 94-91 Page 6 b. Effective January 1, 1992 the employer 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 different plans. Basic hospitalization will be consistent with and similar to those plans offered on December 1, 1991. Basic hospitalization will be that offered to 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. c. PERIOD OF JANUARY 1, 1992 TO JUNE 30, 1992 Effective during January 1, through June 30, 1992, the maximum employer contribution for all medical, hospital, prescription drug and related fees shall be $410.00 per month. A payroll deduction of $30.00 per month shall be made by all employees in plans which have an expected cost or premium in excess of $440.00 per month. If the average cost or premium is established to be less than $440.00 per month over the above six (6) month period, the employee who paid with a payroll deduction contribution shall be entitled to a refund determined by the difference between $440.00 and the actual average cost or premium times six (6) months, but in no event greater than that employee's contribution during the period specified above. Employee's who may be entitled to a refund shall receive such refund within thirty (30) days following the determination of the actual average cost for the period, January 1, 1992 through June 30, 1992. d. PERIOD OF JULY 1, 1992 TO JUNE 30, 1993 Effective during the 1993, the maximum employer hospital, prescription drug, payroll deduction of $40.00 employees in plans which have $430.00 per month. period July 1, 1992 to June 30, contribution for all medical, shall be $430.00 per month, a per month shall be made by all an expected cost or premium of If the expected cost or premium is established to be less than $470.00 per month over the twelve (12) month period specified, the employee who paid with a payroll deduction contribution shall be entitled to a refund determined by the difference between $470.00 and the actual average cost or premium times twelve (12) months, but in no event greater than that employee's contribution during the period specified above. Employees who may be entitled to a refund shall receive such refund within thirty (30) days following the determination of the actual average cost for the period, July 1, 1992 through June 30, 1993.