Insurance premium payments shall be provided for employees as follows:
(a) Hospitalization and/or Health Plan Insurance. Each regular full-time employee of the City may elect to participate in one of the following plans:
(1) A group policy or contract, approved by the Board of Control, providing health, medical, hospital, surgical benefits or any combination thereof covering employees for which the City shall provide full premium payments; or
(2) A contract or contracts approved by the Board of Control providing health care services with a health maintenance organization, organized under the Ohio Revised Code, for which the City shall pay up to, but not exceed, the sum the City would otherwise pay for the insurance contract(s) available to the employee under subsection (a)(1) hereof with the balance to be paid by the employee through payroll deduction.
No amounts hereunder shall be paid directly to any employee which shall be credited against the cost to the employee of such insurance coverage. No employee shall receive the benefit of this provision in more than one employment capacity with the City. An election to participate in the group shall be made only at such times as permitted by the insurance carrier or health maintenance organization.
(3) In lieu of the provisions of subsections (a)(1) and (a)(2) hereof, the City may self-fund health, medical, hospital and surgical benefits and acquire umbrella or stop-loss insurance for such benefits if approved by ordinance of Council.
(b) The City shall provide full premium payment for the group liability insurance contract applicable to employees as may specifically be designated by the Board of Control.
(Ord. 89-10. Passed 6-17-91.)