Res96 12689 - Laserfiche WebLink

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,[ I J monthly contribution per active employee, once these charges have been deducted, is estimated to be $424.00. 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. Iie~lth Savings/Cash Ontion - If an employee elects no City health plan coverage or coverage which costs less than $450.00 per month, the City and the employee shall share equally the difference between their elected coverage/non-coverage and $450.00 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. Dental Insurance, - The City shall continue to provide to eligible employees and dependents fully paid dental insurance through Delta Dental Fee for Service program (Plan #2105-5) through April 30, 1997, or upon the establishment ora mutually agreed upon alternative program. Vision C~re - The City shall contra~t 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. Savings 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 any such month in the form of contributions or taxes to support said federal or state health plan. If, as a result of such law, the level of benefits provided by such law for any group of employees, or their dependents, is lower in certain categories of services than that provided under the existing major plan, the City shall, to the extent practical, provide a plan of benefits supplementary to the federal or state benefits so as to make benefits in each category of coverage as nearly comparable as possible to the benefits provided under the existing major plan. The City need only expend for this purpose the actual amount required to achieve parity between the benefits provided under any federal or