§ 2-27. Medicare supplement insurance policy.

The Village Manager is hereby authorized to purchase Medicare supplement insurance policies for any Councilmember presently serving on the Village Council or who is hereafter elected to the Village Council, so as to provide Medicare supplement insurance coverage for any Councilmember who leaves the Council after having completed two consecutive terms of office on the Council. In the event the Councilmember is not Medicare-eligible at the time of leaving the Council, the purchase of a Medicare supplement insurance policy will occur upon the Councilmember requesting such purchase after reaching Medicare eligibility. Notwithstanding the above, the Village's cost of purchasing such coverage shall be limited so that such cost shall not be greater than the Village's then prevailing cost for providing group health insurance coverage to individual Councilmembers.

(Ord. No. 471, § 1, 3-19-02; Ord. No. 495, § 2, 2-15-05; Ord. No. 616, § 2, 1-15-19)