Group Medical Benefits Coverage. You and your dependents may elect a temporary extension of group health plan coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, commonly known as “COBRA.” You will receive separate forms that describe your COBRA rights and give you and your dependents the opportunity to continue your health insurance coverage. Provided you timely and properly elect to continue your health insurance coverage through COBRA and remain eligible for such coverage, Symetra will pay the employer COBRA premiums for six months for you and any covered dependents who were covered under your group medical benefits plan as of your Separation Date.
Appears in 1 contract
Samples: Symetra Financial CORP
Group Medical Benefits Coverage. You and your dependents may elect a temporary extension of group health plan coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, commonly known as “COBRA.” You will receive separate forms that describe your COBRA rights and give you and your dependents the opportunity to continue your health insurance coverage. Provided you timely and properly elect to continue your health insurance coverage through COBRA and remain eligible for such coverage, Symetra will pay the employer COBRA premiums for six (6) months for you and any covered dependents who were covered under your group medical benefits plan as of your Separation Date.
Appears in 1 contract
Samples: Symetra Financial CORP
Group Medical Benefits Coverage. You and your dependents may elect a temporary extension of group health plan coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, commonly known as “COBRA.” You will receive separate forms that describe your COBRA rights and give you and your dependents the opportunity to continue your health insurance coverage. Provided you timely and properly elect to continue your health insurance coverage through COBRA and remain eligible for such coverage, Symetra will pay provide you a lump sum payment of six thousand three hundred and ninety dollars ($6,585) less applicable tax withholdings and deductions, after the employer COBRA premiums for six Effective Date of this Agreement. This amount is equal to 6 months for you and any covered dependents who were covered under your group medical benefits plan as times Xxxxxxx’s share of your Separation Datecurrent premium under the Company medical plan.
Appears in 1 contract
Samples: Symetra Financial CORP
Group Medical Benefits Coverage. You and your dependents may elect a temporary extension of group health plan coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, commonly known as “COBRA.” You will receive separate forms that describe your COBRA rights and give you and your dependents the opportunity to continue your health insurance coverage. Provided Symetra will provide you timely and properly elect an additional lump sum payment of $8,427 that you may use to continue your purchase health insurance, either through continuation coverage under COBRA or other health insurance coverage through COBRA and remain eligible for such coverage, Symetra will pay the employer COBRA premiums for six months for you and any covered dependents who were covered under your group medical benefits plan as of your Separation Datechoice.
Appears in 1 contract
Samples: Symetra Financial CORP
Group Medical Benefits Coverage. You and your dependents may elect a temporary extension of group health plan coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, commonly known as “COBRA.” You will receive separate forms that describe your COBRA rights and give you and your dependents the opportunity to continue your health insurance coverage. Provided Symetra will provide you timely and properly elect an additional lump sum payment of $5,437 that you may use to continue your purchase health insurance, either through continuation coverage under COBRA or other health insurance coverage through COBRA and remain eligible for such coverage, Symetra will pay the employer COBRA premiums for six months for you and any covered dependents who were covered under your group medical benefits plan as of your Separation Datechoice.
Appears in 1 contract
Samples: Symetra Financial CORP