Laserfiche WebLink
1. Reduction in Premium Due to Change in Insurance Band <br />If the total premium cost of the Perform Network decreases in 2020 due to the <br />City being rated in a different insurance band or classification, the Total Monthly <br />City Contribution described in Paragraph A, above, will be adiusted as follows: <br />• Employee only (single): The City will contribute the total cost of the <br />Perform Network premium. not to exceed the amount described in <br />Paragraph A. <br />• Employee and Children: The Citv's contrib <br />of the cost of the Perform Network premi <br />be reduced to 60% <br />• Employee and Spouse: The Citv's e reduced to 60% of <br />the cost of the Perform Network <br />• Family: The Citv's contrib Abtei.will be.r ced to 60% st of the <br />Perform Network premium. <br />2. Increase in Premium Due to Imposition of Under the Affordable Care Act <br />If the total premium cost of the Perform Network <br />imposition of taxes under th ford,hje Care Ac <br />Contribution described in Par.. aph <br />• <br />s in 2020 due to the <br />otal Monthly City <br />e adiusted as follows: <br />(single): 'fie City wil contribute the amount described in <br />lus the total crease in the premium cost for single <br />he Perform ork due to the imposition of taxes under <br />Children: The City will contribute the amount described in <br />% of the increase in the premium cost for Employee <br />age under the Perform Network due to the imposition <br />e Affordable Care Act. <br />e and Spouse: The City will contribute the amount described in <br />ph A, plus 60% of the increase in the premium cost for Employee <br />Douse coverage under the Perform Network due to the imposition of <br />xes under the Affordable Care Act. <br />• Family: The City will contribute the amount described in Paragraph A. <br />plus 60% of the increase in the premium cost for Family coverage under <br />the Perform Network due to the imposition of taxes under the Affordable <br />Care Act. <br />3. Application of Paragraphs 1 and 2. In 2020. if the total premium cost for the <br />Perform Network is decreased due to the City being classified in a more favorable <br />band or classification. and the total premium cost is impacted by the imposition of <br />24 <br />