Res01 14403 - Laserfiche WebLink

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22751, et. Seq. Such costs include, but are not limited to surcharges, and /or administrative fees. Any funds remaining at the end of the fiscal year in each individual Cafeteria Plan account shall be returned to the general fund for use consistent with IRS Code Section 125. a. Health Savinas /Cash Oution - If an employee elects a City health plan or coverage which costs less than the Kaiser Family Premium, the City and the employee shall share equally the difference between their elected coverage /non- coverage to a maximum total shared savings of $205.00 per month. For example, the maximum an employee could receive under this provision is 50% of $205.00 or $102.50 per month. An employee's savings under this provision shall be at least five dollars ($5.00). An annual open enrollment period shall be provided to each employee to determine which plan these savings are to be allocated. If an employee elects no health coverage and shows evidence of other coverage, as a second health savings /cash option the City and the employee shall share equally the amount designated as the City's actual maximum monthly contribution. b. Dental Insurance - The City shall continue to provide to eligible employees and dependents fully paid dental insurance. Coverage to be as follows: $2,000 annual cap for basic coverage and $2,500 lifetime cap for orthodonture effective October 1, 2001. C. Vision Care - The City shall contract with Vision Service Plan (VSP) or a comparable vision care provider to provide vision care benefits for employees and their dependents. The Vision Service Plan B provides for an exam every 12 months, lenses every 12 months if needed, and frames every 24 months if needed. There will be no deductible for employees, but a $20.00 per person deductible will apply to dependents each time benefits are available and will be paid by the employee. d. Savinas Clause — If, pursuant to any federal or state law which may become effective subsequent to the effective date of this policy, the City is required to pay contributions or taxes for hospital- medical - surgical, dental care, prescription drug or other health benefits to be provided its employees under such federal or state act, the City's obligation to furnish the same benefits under the hospital - medical programs shall be suspended and the contributions agreed to be paid monthly hereunder by the City shall be reduced each month by the amounts which the city is required to expend during such month in the form of contributions or taxed to support said federal or state health plan. 6 1440.3,