Common use of EARLY RETIREE HEALTH INSURANCE CONTINUATION PLAN Clause in Contracts

EARLY RETIREE HEALTH INSURANCE CONTINUATION PLAN. Upon satisfaction of the following provisions, any District employee eligible for our group health insurance plan has the option to continue participation in the District's group health plan beyond retirement. This policy is intended to comply with Kansas Statute Annotated 12-5040, which includes but is not limited to the following provisions: 1. Early retiree must have been employed by our District for not less than 10 years. 2. The early retiree is an employee who has terminated employment and is receiving a retirement or disability benefit for service with the District from which they terminate employment. 3. Early retiree will pay the full monthly health insurance premium as established by the District. a. The full monthly premium is due in the District office by the 10th of the prior month of coverage. b. The District will not send the member monthly invoices; it is the members responsibility to pay premiums timely. 4. Early retiree may continue coverage for eligible spouses and dependents that are covered under our group health plan at the time of your retirement and activation of this extension of coverage. 5. Retired employees who wish to elect this extension of coverage, should make a written request for continued participation in the group health plan to the District’s Business Office within thirty (30) days following retirement (in lieu of electing any available COBRA continuation coverage). This continuation plan and continued health plan coverage will be terminated in any of the following situations: 6. District no longer provides a group health plan to its active employees. 7. The premium for the health plan coverage is not paid by the retiree or member in a timely manner. a. If the full monthly premium is not received in the District office by the 10th of the month, payment is not timely and cancellation of the coverage will be made to coincide with the date to which coverage has been paid. 8. The member becomes eligible for coverage under another employers’ health plan. a. It is the responsibility of the covered member, whether the member is the retiree or the spouse and/or dependent of the retiree, to notify the District in writing that they have become eligible to be covered under a plan of another employer. The member will lose eligibility to continue health insurance coverage under our District health plan even if the member does not elect to enroll in the other employer coverage for which they become eligible. b. If the member becomes eligible for coverage as an active full time employee again in our District, the member transfers back to our active group health plan. The provisions of this continuation plan are again offered at the subsequent early retirement. 9. The retired employee attains age 65. [ It is the intent of this policy to terminate coverage when the retiree employee becomes eligible for Medicare, which, at the time of adoption of this policy, is age

EARLY RETIREE HEALTH INSURANCE CONTINUATION PLAN. Upon satisfaction of the following provisions, any District employee eligible for our group health insurance plan has the option to continue participation in the District's group health plan beyond retirement. This policy is intended to comply with Kansas Statute Annotated 12-5040, which includes but is not limited to the following provisions: 1. Early retiree must have been employed by our District for not less than 10 years. 2. The early retiree is an employee who has terminated employment and is receiving a retirement or disability benefit for service with the District from which they terminate employment. 3. Early retiree will pay the full monthly health insurance premium as established by the District. a. The full monthly premium is due in the District office by the 10th of the prior month of coverage. b. The District will not send the member monthly invoices; , it is the members responsibility to pay premiums timely. 4. Early retiree may continue coverage for eligible spouses and dependents that are covered under our group health plan at the time of your retirement and activation of this extension of coverage. 5. Retired employees who wish to elect this extension of coverage, should make a written request for continued participation in the group health plan to the District’s Business Office within thirty (30) days following retirement (in lieu of electing any available COBRA continuation coverage). This continuation plan and continued health plan coverage will be terminated in any of the following situations: 6. District no longer provides a group health plan to its active employees. 7. The premium for the health plan coverage is not paid by the retiree or member in a timely manner. a. If the full monthly premium is not received in the District office by the 10th of the month, payment is not timely and cancellation of the coverage will be made to coincide with the date to which coverage has been paid. 8. The member becomes eligible for coverage under another employers’ employers health plan. a. It is the responsibility of the covered member, whether the member is the retiree or the spouse and/or dependent of the retiree, to notify the District in writing that they have become eligible to be covered under a plan of another employer. The member will lose eligibility to continue health insurance coverage under our District health plan even if the member does not elect to enroll in the other employer coverage for which they become eligible. b. If the member becomes eligible for coverage as an active full time employee again in our District, the member transfers back to our active group health plan. The provisions of this continuation plan are again offered at the subsequent early retirement. 9. The retired employee attains age 65. [ It is the intent of this policy to terminate coverage when the retiree employee becomes eligible for Medicare, which, at the time of adoption of this policy, is age