Common use of EXTENDED HEALTH INSURANCE COVERAGE Clause in Contracts

EXTENDED HEALTH INSURANCE COVERAGE. At the option of the employee, group health care insurance coverage at group rates may be extended up to thirty-six (36) months beyond the date the Board ceases to be liable for the premium payments, subject to the approval of the insurance carriers, and consistent with the provisions of federal COBRA regulations. To be eligible for this extended coverage, the employee shall make payments to the Board and/or insurance carrier in an amount and manner consistent with the provisions of the COBRA law. Failure to receive timely payment may result in the employee being dropped from continuing group coverage unless prior arrangements have been made with the appropriate Board personnel or with the insurance carrier. A similar availability of health insurance coverage at group rates shall be available to qualifying dependents of employees as provided for in COBRA guidelines.