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  2. Board Of Aldermen - Agenda - 10/27/2020 - P108

Board Of Aldermen - Agenda - 10/27/2020 - P108

By dnadmin on Sun, 11/06/2022 - 22:55
Document Date
Fri, 10/23/2020 - 14:47
Meeting Description
Board Of Aldermen
Document Type
Agenda
Meeting Date
Tue, 10/27/2020 - 00:00
Page Number
108
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_a__102720…

(c) Two Hundred Fifty Dollars ($250.00) Per Person, Five Hundred
Dollars ($500.00) Per 2-Person/Family Inpatient/ Outpatient Facility
Deductible; and

(d) Three Tier Pharmacy Benefit of $5/$15/$35 ($5/$30/$70 Mail Order).

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High Deductible Health Plan with Health Savings Account (HDHPs,,-( Formatted: Font: Bad

w/HSA) (option (c)):

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The deductibles in the High Deductible Health Plan with Health Savings
Account (HDHP w/ HSA) are $2,000 individual / $4,000 2-person or family. The
City’s contribution to Health Savings Accounts is $1,500 individual / $3,000 2-
person or family.

‘The City HSA contribution will be distributed in 2 installments, one on or
about July 1_andonone orabout October 1, provided however that if an employee
is required to pay more towards his / her deductible than the initial 50%
contribution, upon presentation of suitable documentation, the City will contribute
the remaining 50% before October 1.

Employees who join the HDHP w/HSA atany time other than July 1 will
receive a pro-rated City contribution of $125 monthly for a single plan and $250
monthly for 2-person or family plan for each full month rema ming in that fiscal
year.

If 70% of the employees covered by this Agreement have the HDHP w/HSA
as thei health insurance on June 30, 2021, a 0.5% increase in wages will be added
to the payroll grade and step grids, effective July 1, 2021. Ifthis threshold is met,
the City and Union will prepare the necessary updated payroll grade and step grids
and make the necessary substitutions to the payroll gradeand step grids attached to
this Agreement.

If 75% of the employees covered by this Agreement have the HDHP w/HSA
as thei health insurance on June 30, 2022, a 0.5% increase in wages will be added
to the payroll grade and step grids, effective July 1, 2022. Ifthis threshold is met,
the City and Union will prepare the necessary updated payroll grade and step grids
and make the necessary substitutions to the payroll gradeand step grids attached to

this Agreement.

53

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Page Image
Board Of Aldermen - Agenda - 10/27/2020 - P108

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