Election of Continuation Coverage Sample Clauses
The Election of Continuation Coverage clause defines the process by which an individual, typically an employee or their dependents, can choose to continue their health insurance coverage after a qualifying event such as termination of employment or reduction in work hours. This clause outlines the steps required to elect continuation, including notification procedures, deadlines for making the election, and any necessary forms or payments. Its core practical function is to ensure that individuals are informed of their rights and the procedures to maintain health coverage, thereby preventing gaps in insurance during transitional periods.
Election of Continuation Coverage a. You have 60 days to elect continuation of group coverage. The 60-day period begins on the date your group coverage would otherwise terminate due to a qualifying event or the date on which written notice of your right of continued group coverage is mailed, whichever is later.
b. If you wish to continue group coverage as shown above, you must apply in writing to your Employer (not the Plan Manager). You must also pay your first monthly payment within 45 days of the date you elected to continue group coverage. If your coverage was terminated because of the death of the Covered Employee, your initial payment is not due until 90 days after you receive notice of the continuation right. Thereafter, your monthly payments are due and payable at the beginning of each month for which coverage is to be continued.
c. You or your Covered Dependents must notify the Plan Sponsor within 60 days when divorce, legal separation, a change in status resulting in a loss of eligibility as a dependent would end coverage or a second qualifying event occurs. The 60-day period begins on the date of the divorce, legal separation, change in dependent status or second qualifying event.
Election of Continuation Coverage a. You have 60 days to elect continuation of group coverage. The 60-day period begins on the date your group coverage would otherwise terminate due to a qualifying event or the date on which written notice of your right of continued group coverage is mailed, whichever is later.
b. If you wish to continue group coverage as shown above, you must apply in writing to your Employer (not the Plan Manager). You must also pay your first monthly payment within 45 days of the date you elected to continue group coverage. Thereafter, your monthly payments are due and payable at the beginning of each month for which coverage is to be continued.
c. You or your Covered Dependents must notify the Plan Sponsor within 60 days, when divorce, legal separation, a change in status resulting in a loss of eligibility as a dependent would end coverage or a second qualifying event occurs. The 60 day period begins on the date of the divorce, legal separation, change in dependent status or second qualifying event.
Election of Continuation Coverage. Members have 60 days from either termination of Coverage or date of receipt of COBRA election notice to elect COBRA. If no election is made within 60 days, COBRA rights are deemed waived and will not be offered again. If you choose continuation Coverage, your Employer is required to give you Coverage that, as of the time Coverage is being provided, is identical to the Coverage provided under the plan to similarly situated Employees or family Members. If you do not choose continuation Coverage within the time period described above, your group health insurance Coverage will end. Payments must be made retroactively to the date of the qualifying event and paid within 45 days of the date of election. There is no grace period on this initial premium. Subsequent Payments are due on the first of each month with a thirty (30) day grace period. Delinquent Payments will result in a termination of Coverage. The amount a qualified beneficiary may be required to pay may not exceed 102 percent (or, in the case of an extension of continuation Coverage due to a disability, 150 percent) of the cost to the group health plan (including both Employer and Employee contributions) for Coverage of a similarly situated plan participant or beneficiary who is not receiving continuation Coverage. Claims paid in error by ineligibility under COBRA will be reviewed for collection. Ineligible premiums paid will be refunded.
Election of Continuation Coverage. Any Qualified Beneficiary who desires continuation coverage under this Plan must make an election during the applicable "election period" which begins on the date coverage would otherwise terminate under the Plan by reason of a Qualifying Event, and ends sixty (60) days after such date or sixty (60) days after the date the Qualified Beneficiary receives notice of his or her fight to elect continuation coverage, whichever is later. Unless specified otherwise in the election, any election by a Participant or spouse to continue coverage under this Plan shall be deemed to be an election of continuation coverage on behalf of any other Qualified Beneficiary who would otherwise lose coverage under the Plan by reason of the same Qualifying Event.
Election of Continuation Coverage. 24 9.5 Premiums.....................................................................24 9.6 Period of Continuation Coverage..............................................24 9.7 Expiration of Continuation Coverage..........................................26 ARTICLE X - FUNDING.........................................................................26 ARTICLE XI - ADMINISTRATION.................................................................27