(a) When a county shall so approve and make available to its employees and officials such insurance protections, the employees and officials shall still have the election of accepting or rejecting such coverage.

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(b) If a county employee rejects or opts out of an insurance policy offered or provided to the employee by the county under § 8-27-501(a), the county may compensate the employee up to fifteen percent (15%) of the total premium that would have otherwise been paid by a county on behalf of the employee as long as the county continues to offer such insurance coverage to its employees.