98-027 Ordinance - Laserfiche WebLink

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ARTICLE 12 HEALTHINSURANCE 12.1 The employer shall provide either individual or family medical insurance coverage at the employee's option for each full-time employee. The empioyer 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 7uly 1, 1994. Basic hospitalization will be that offered to other employees of the City of North Olmsted. The employer has the right to negotiate ca- payment and prescription drug rates with providers to lower the cost to the employeras well as the employee contribution. 12.2 Effective January 1, 1998 through June 30, 1998 full-time employees participating within either an individual or family plan shall contribute an amount equal to eight percent (8%) of the plan premium or the expected cost of such medical plan and the employer shall contribute ninety two percent (92%) of such cost. Effective July 1, 1998 through Decetnber 31,1999, full-time employee(s) participating within either an individual or family plan shall contribute an amount equal to ten percent (10%) of the plan premium or the expected cost of such medical plan and the employer shall contribute ninety percent (90%) of such cost. Effective January 1, 2000 through the duration of ttus agreement, full-time employee(s) participating within either an individual or family plan shall contribute an amount equal to twelve percent (12%) of the plan premium or the expected cost of such medical plan and the employer shall contribute eighty pem,ent (88%) of such cost. (16)