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01-13-2021 Council Packet
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01-13-2021 Council Packet
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their coverage provided by another source subject to the City's insurance carrier's regulations. Open <br />enrollment in the City's Insurance Program is available only as designated by the City's insurance <br />carrier. <br />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 parents medical plan and choose Opt-Out will receive $250 per month, and all <br />other employees choosing Opt-Out will receive approximately the equivalent of the average cost of <br />single employee health insurance provided by metro cities per month for each full month; payment <br />will be made on a bi-weekly basis and will be subject to ordinary income taxes. <br />Participants in the Opt-Out Program must sign a release and show proof of medical benefits through <br />another source. The City will have the right to refuse the Opt-Out option for an employee should <br />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 Insurance <br />Program must do so during enrollment periods as authorized by the City's Health Insurance Carrier. <br />Enrollment may be subject to pre-qualification.
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