RES 19-1059 - Laserfiche WebLink

Federal or State Legislation The City reserves the right to meet and confer with the Union for the purposes of coordinating retired employee's hospital and medical care in the event Federal or State legislation is implemented that effects retiree's medical insurance. 16.3 Dental The City shall contribute an amount necessary to provide dental care benefits for the individual employees and eligible dependents. The City shall provide a lifetime maximum orthodontia coverage of$2,000 for individual employees and eligible dependents. 16.4 Life Insurance The City shall contribute an amount necessary to provide $50,000 life and $50,000 accidental death and dismemberment insurance coverage for individual full-time employees. Employees may purchase,at their own expense and within the limits set by the insurance carrier,additional amounts of life insurance under the existing policy. 163 Vision Care A vision care plan will be provided as an option for employees and the cost of such coverage shall be included in the 125 Plan(see Section 16.6). 16.6 Cafeteria Plan An Internal Revenue Code Section 125 Cafeteria Plan is provided to each full-time employee who is eligible to enroll in one of the medical insurance plans offered by the City but elects to waive participation in such medical plans and/or the City's vision care plan. Proof of alternative medical coverage is required for an employee to waive participation in the City's medical plans. The 125 Cafeteria Plan affords employees an opportunity to obtain plan credits for the purpose of: (1) purchasing supplemental benefits; (2)redirecting credits to a flexible spending account; or(3)cashing out credits at a rate of $0.35 on the dollar. Plan credits are based on the combined sum of the monthly premiums for Kaiser employee-only medical coverage and the vision care plan at family level coverage adjusted annually on a dollar-for-dollar basis to match any changes in the monthly premiums. The maximum contribution limit for medical reimbursement under the Section 125 Cafeteria Plan is $2,650 per year. In the event an individual employee loses their primary coverage,the City will allow the employee to re- enroll in the City's health plans within thirty(30)days of receiving notice that primary coverage has been lost,thereby enabling the continuation of benefits to the employee. The City will consider adding supplemental insurance products to the Cafeteria Plan to the extent such benefits can be offered within an IRC 125 Plan on a pre-tax basis. 28