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This alternative allows employees who are covered under another medical plan to "opt-out" of <br />coverage and receive a cash payment in lieu of medical benefits. Single employees who are <br />covered under a parent’s medical plan and choose Opt-Out will receive $250 per month, and <br />all other employees choosing Opt-Out will receive approximately the equivalent of the <br />average cost of single employee health insurance provided by metro cities per month for each <br />full month; Payment will be made on a bi-weekly basis and will be subject to ordinary <br />income taxes. <br />Participants in the Opt-Out Program must sign a release and show proof of medical benefits <br />through another source. The City will have the right to refuse the Opt-Out option for an <br />employee should the City's participation in its Health Insurance Program be jeopardized. <br />Employees choosing to discontinue the Opt-Out program and enroll in the City’s Health <br />Insurance Program must do so during enrollment periods as authorized by the City's Health <br />Insurance Carrier. Enrollment may be subject to pre-qualification. <br />RECOMMENDATION: <br />Staff recommends the base 2022 Opt-Out payments remain at $575/month for family coverage and <br />$250/month for single, under age 26, coverage, and amend the Personnel Policy as presented to add <br />the Opt-Out option for all regular employees that are eligible for health insurance.