No. Rates are guaranteed from 10/1 to 9/30 of the following year. CVT's rates are set in May for an effective date of October 1.
We pool rate all programs. New groups of over 100 employees are experienced rated. If they rate higher than the pool rates, they come in at a higher percentage on the PPO programs.
You will have out-of-pocket costs.
No. All CVT participants have access to the Board and Staff at any time.
It is necessary for financial stability and the good of the entire Trust.
Bargain in - bargain out - see Section 9 of the Participation Agreement.
Board policy limits investments to public domestic and foreign equities, Treasury Inflation-Protected Securities, high yield bonds and investment grade bonds.
Full or part time employees are determined by the District and Bargaining Agreements.
CVT operates on interest earned. All monies received from the Districts are for the payment of claims.
Yes.
Yes, but only to the extent that individual units cannot change board established plan designs.
Yes. Your plan is primary for you, your spouse's plan is primary for her or him and the parent with the birthday that is first in the year is primary for any children.
No. You and your enrolled dependents will stay at your current incentive level - providing there is no break in coverage.
Retirees and COBRA participants leave with their District.