Sample Agreement to Pay Insurance Premiums
To: Employee Name
RE: Agreement to Pay Insurance Premiums during leave or Furlough
Dear (employee name),
Below is confirmation of your agreement to pay the employee portion of the insurance premium cost for the continuation of your benefits coverage during the furlough period.
I, the undersigned, agree to pay $(insert amount) on or before the (insert day of a month) of each month for the continuation of (insert benefit) coverage. [insert instructions on who and where to send payment]
I further agree that should I fail to make payment in full on or before the agreed-upon date, I risk cancelation of coverage.
I understand that if I have any questions or concerns, I should contact Human Resources for clarification.
Employee Name (Print) ______________________________
Employee signature _______________________ Date
Company representative (signature) _______________________ Title