Health Insurance Buy-Out Program
All district employees currently enrolled in a district health plan are eligible for the opt-out credit, subject to collective bargaining agreements. Employees must be enrolled in the district health plan for one full calendar year before opting out and becoming eligible for the opt-out credit.
Applying for the Buy-Out Credit
An opt-out application must be completed and returned along with proof of alternate health insurance
coverage to Human Resources. Proof is defined as a letter from the employer or insurance company where coverage is provided. The letter must include everyone in the household that is being covered. Once approved, the buyout affirmation form, along with proof of alternate health insurance coverage must be provided annually for the employee and family, if applicable. Re-entry to the District's health insurance plan will be allowed at any time subject to meeting the legal requirement of a qualifying event, any waiting period, or open enrollment period.
2020-2021 Application Deadlines
Deadlines are December 15, 2020 or June 15, 2021.
Applications submitted by December 15, 2020 will have coverage end by December 31, 2020 OR are renewals of the buyout credit. This
is either for a full year credit covering the period of July 1, 2020 - June 30, 2021 OR a prorated credit for the 2020-21 school year if coverage was ended between July and December 2020.
The January payment is either the first installment of the full year credit or a prorated payment based on when coverage was ended between July and December 2020.
Applications submitted by June 15, 2021 will have coverage end between January 2021 and June 2021. The June 2021 will either be the 2nd installment of the full year credit or a prorated payment based on when coverage was ended between January and June 2021.
Please note that married District employees currently enrolled through the District as two individual plans or on a family plan are not eligible for the buy-out credit.
Staff members, who opt out of health/dental insurance, will receive the buy-out credit amount for the
coverage they had at the time they opted out. However, if an employee’s circumstances change and they
are no longer eligible for family coverage (i.e. divorce), the employee’s buy-out credit will be reduced to the
individual buy-out credit amount. Employees are required to notify Human Resources of such changes.
Buy Out Credit
Individual Plan: $2,000 Family Plan: $4,000
SFT Only
Individual Plan: $2,500 Family Plan: $4,500
Payment
Payments will be made in January and the last paycheck in June for all employees. Employees are eligible
for the full amount of each payment after completing a full six months of opting out of the health insurance
plans (for example: July to December = January payment; and January to June = June payment). The
payment for a partial buy-out or less than six (6) months will be pro-rated.
This information is on a document that can be downloaded from the document container below.