(a) Health insurance.
(1) The village shall pay 100% of the premium for full-time and part-time Class A employees to enroll in the village health insurance group plan, which is known as a "Qualifying High Deductible Health Plan."
(2) For each full-time and part-time Class A employee enrolled in the village's "Qualifying High Deductible Health Plan" with family coverage: the village shall contribute 50% of the IRS pretax limit, to a "Single Health Savings Account" (HAS).
(3) For full-time and part-time Class A employees on a "Qualifying High Deductible Health Plan" with single coverage: the village shall contribute 50% of the IRS pretax limit, to a "Single Health Savings Account" (HSA).
(4) Each full-time and part-time Class A employee who refuses village provided health insurance must show group coverage from another insurance carrier to opt out of the village plan. The village shall contribute $4,150 into the deferred compensation plan of an employee who properly opts out of the village provided health insurance.
(b) Dental and vision insurance.
(1) The village shall pay 100% of all full-time and part-time Class A employees' dental coverage premium.
(2) Full-time and part-time Class A employees shall be responsible for 100% of the vision insurance premium.
(3) Any full-time or part-time Class A employee not accepting village provided dental and vision insurance must show group coverage from another insurance carrier.
(c) Life insurance.
(1) The village shall contribute 100% of the premium for $25,000 of single life insurance coverage and $25,000 of accidental death and dismemberment (AD&D) insurance coverage for all full-time employees.
(2) Full-time employees on family plan health insurance may secure a family life insurance policy by paying the difference in premiums between the single person life insurance premium and the family life insurance policy premium.
(3) Part-time Class A employees shall not be entitled to any payment of premiums for life insurance or AD&D insurance.
(Ord. 3050, passed 12-19-16; Ord. 3098, passed - -18; Ord. 3172, passed 2-18-20; Ord. 3324, passed 12-18-23)