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ARTICLE 25 <br />GROUP INSURANCE <br /> <br />Section I. Health Insurance. Effective October 1,2010, the City will havc a <br />stipend plan to help offset the cost of employees' health insurance coverage. If there is any <br />remaining balance of the monthly stipend, the City's portion of payroll taxes will be <br />deducted from it. The plan is as follows: <br />Opt Out. Employees opting out of the City's insurance plan receIve a $500 <br />monthly stipend, on a prorated bi-weekly basis. Only employees who provide <br />proof they are enrolled in an outside insurance plan may "opt out" of the City's <br />insurance plan. <br />I. Single Coverage. Employees choosing single coverage receive a $659 <br />monthly health allowance which is applied against premium costs and other <br />related costs that are charged to all employees. The employee will receive <br />the remaining balance of their allowance, if any, as part of their paycheck. <br />2. Dependent Coverage. Employees choosing dependent coverage receive <br />a $759 monthly health allowance which is applied against premium costs <br />and other related costs that are charged to all employees. The employee will <br />receive the remaining balance of their allowance, if any, as part of their <br />paycheck. Dependent coverage includes coverage for child(ren), spouse and <br />family. <br />3. For employees selecting single or dependent coverage, if the dollar <br />amount of the coverage selected is less than the stipend amount, the <br />employee receives the difference, pro-rated bi-weekly. The City will deduct <br />all applicable taxes. Likewise, if the dollar amount of the insurance <br />coverage selected exceeds the stipend amount, the employee pays the <br />difference, pro-rated bi-weekly. <br />Currently, the City offers three (3) insurance plans, each with two options, <br />through Humana as follows: <br />I. Humana POS Plan with Standard (DHMO) dental plan. <br />2. Humana POS Plan with premium (PPO) dental plan. <br />3. Humana HMO High Plan with Standard (DHMO) dental plan. <br />- 31 - <br />