(a) The City shall provide each full-time employee with a high deductible health insurance plan with a health savings account.
(b) The City shall provide each regularly scheduled part-time employee who consistently works thirty hours or more a week with a high deductible health insurance plan with a health savings account in accordance with state and Federal regulations. For part-time employees, the City will pay an amount equal to fifty percent of the cost of a single coverage plan. Any remaining premium cost shall be paid by the employee through a payroll deduction.
(c) Effective January 1, 2020 the City will make contributions to the employee's health savings account with the HSA provider selected by the City. The City's annual contributions to the employee's health savings account will be the amounts following:
(1) In 2020, the City will contribute one thousand ninety dollars ($1,090) towards the deductible for employees with single coverage, and two thousand one hundred eighty dollars ($2,180) towards the deductible for employees with at least one additional dependent requiring coverage (e.g. employee + spouse, employee plus spouse and child/ren, and/or employee plus child/ren).
(d) The employer deductible contributions will be made on a semi-annually; half shall be contributed in January, and the second half in July. The City Manager may authorize advance payment of the second half if an employee, due to a catastrophic event, has exhausted his/her entire account balance prior to July of a given year. Each employee shall have the option to contribute to his/her HSA account pre-tax through payroll deduction. No employee shall be required as a condition of remaining in the HSA Plan to make any contributions. For employees enrolling in the plan after the beginning of the year, the City's contribution will be prorated based on months of employment remaining in the current year. The first contribution will be paid during the employee's first month of participation in the high deductible health plan. Any additional employer payments will be made on the next regularly scheduled Citywide funding date.
(e) Employees eligible for the City's high deductible health insurance plan but not eligible to contribute to a health savings account will be paid a cash equivalent equal to the amount they would have received as an employer contribution, specifically, one thousand ninety dollars ($1,090) for single coverage or two thousand one hundred eighty dollars ($2,180) for employee plus at least one additional dependent. It is the responsibility of the employee to determine their HSA eligibility status according to the conditions set forth in the Federal Tax Law and to notify Human Resources of any change in eligibility.
(f) The City shall contribute 100 percent of the amount for life insurance and maintain a minimum limit of twenty thousand dollars ($20,000) for full-time employees. The life insurance policy will be subject to the reduction schedule set by the insurance company. The policy will be reduced by thirty-five percent at age sixty-five, fifty-five percent at age seventy, seventy percent at age seventy-five, eighty percent at age eighty and eighty-five percent at age eighty-five.
(g) Employees that are eligible for health care shall have the right to change coverage (e.g., family-to-single or single-to-family) only during open enrollment window the window period allowed for said changes or at a qualifying event. This window period will be determined by the insurance carrier. Any changes outside of the window period must be approved by the City in order for the change to become effective.
(h) Employees who elect not to be covered by the City of Geneva medical insurance shall receive a cash incentive of three thousand dollars ($3,000) annually, to be prorated at time of eligibility and paid monthly.
(i) The City shall pay the premium for continuation of the group accident insurance policies for members of the Fire Department.
(Ord. 2785. Passed 12-23-02; Ord. 2821. Passed 12-22-03; Ord. 2858. Passed 12-13-04; Ord. 2895. Passed 12-19-05; Ord. 2926. Passed 12-18-06; Ord. 2952. Passed 11-26-07; Ord. 2980. Passed 12-8-08; Ord. 3013. Passed 12-14-09; Ord. 3072. Passed 12-19-11; Ord. 3097, passed 12-10-12; Ord. 3129. Passed 12-9-13; Ord. 3202. Passed 11-28-16; Ord. 3262. Passed 11-25-19.)