400-499     EMPLOYEE BENEFITS POLICIES

 

  1. HEALTH INSURANCE PLAN POLICY

 

POLICY:

 

STRIDE Academy Charter School offers two health plans to eligible employees. The Academy’s responsibility for offering a health insurance plan is limited to the facilitat group insurance policy for employees and their dependents. The terms and conditions of th health insurance plan are outlined in the Master Contract between the Academy and the hea insurance provider, and are subject to changes or modifications which may occur in the co The contract is reviewed annually.

Option 1: $3,000 – 100% HSA Plan (High Deductible Health Plan)

Option 2: $6,350 – 100% HSA Plan (High Deductible Health Plan)

Eligible employees may elect to enroll in either of the plan options available.

 

Employees Working 36 Hours or More per Work

All regularly assigned employees who work 36 or more hours per week are eligible to enrol one of the two health plans. Coverage becomes effective on the 1st of the month following employee’s date of employment or a change of status which makes the employee eligible to participate.

The Academy will pay the full cost of a single premium for each employee enrolled in plan Option 1 or plan Option 2. Employees may also elect to cover their spouse, family, and/or children and will be responsible to pay for any additional premiums. All premiums paid by employees will be processed through payroll deductions.

Employees who elect to enroll in plan Option 1 shall have a Health Savings Account establ for them to which the Academy will contribute $75 per month. Employees who elect to enroll in plan Option 2 shall have a Health Savings Account established for them to which the Academy will contribute $125 per month.

 

Employees Working at Least 30 Hours and up to 36 Hours per Work

All regularly assigned employees who work at least 30 hours and up to 36 hours per week a eligible to enroll in one of two health plans. Coverage becomes effective on the 1st of t month following the employees hire date or a change of status which makes the employee eligible to participate.

The Academy will pay the full cost of a single premium for each employee enrolled in plan Option 2. If an employee elects to enroll in plan Option 1, they will be responsible for payment of the single employee premium. Employees may also elect to enroll their spo family, and/or children and will be responsible to pay for any additional premiums. All premiums paid by employees will be processed through payroll deductions.

There will be no contribution to a Health Saving Account for regularly assigned employees working at least 30 hours and up to 36 hours per week. Employee may choose to contribute Health Saving Account.

Continuation of Insurance Coverage

Health insurance coverage shall be paid for during an approved Leave of Absence, subject provisions of the Family Medical Leave Act.

When an employee terminates his/her employment with the Academy he/she may continue the health plan coverage for the period of the time specified by COBRA or until he/she obtain employment with an employer who has a group health plan, whichever is shorter. The Academy must receive the payment for COBRA premiums by the 1st of the month for the following month or the coverage will be terminated.