Common use of Protection of Medical Benefit Coverage Clause in Contracts

Protection of Medical Benefit Coverage. a) Early retiring faculty in receipt of a College Pension may obtain basic medical and extended health benefit coverage through the Pension Corporation when filing a claim for pension. Appropriate deductions will be made from monthly pension on a premium shared basis. Note: Pensioners who decline the extended health benefit coverage at retirement will not be eligible for coverage later unless they can prove continuous coverage under an extended health care plan (e.g. coverage under spouse's plan). b) Early retiring faculty not immediately commencing receipt of a College pension may elect to continue their basic medical and extended health* benefit coverage through the College during the period preceding receipt of pension (but in any event, not longer than five (5) years following retirement) provided that: i) written notification of the intent to continue these benefits is provided to the Human Resources Department six (6) weeks prior to date of early retirement; ii) the individual maintains BC residency; and iii) the participant prepays all premium costs. *Coverage will be under a separate group for retirees at a reduced level.

Protection of Medical Benefit Coverage. a) Early retiring faculty in receipt of a College Pension may obtain basic medical and extended health benefit coverage through the Pension Corporation when filing a claim for pension. Appropriate deductions will be made from monthly pension on a premium shared basis. Note: Pensioners who decline the extended health benefit coverage at retirement will not be eligible for coverage later unless they can prove continuous coverage under an extended health care plan (e.g. coverage under spouse's plan). b) Early retiring faculty not immediately commencing receipt of a College pension may elect to continue their basic medical and extended health* benefit coverage through the College during the period preceding receipt of pension (but in any event, not longer than five (5) years following retirement) provided that: i) written notification of the intent to continue these benefits is provided to the Human Resources Department six (6) weeks prior to date of early retirement;weeks ii) the individual maintains BC residency; and iii) the participant prepays all premium costs. *Coverage will be under a separate group for retirees at a reduced level.

Protection of Medical Benefit Coverage. a) Early retiring faculty employees in receipt of a College Pension may obtain basic medical and extended health benefit coverage through the Pension Corporation Superannuation Commission when filing a claim for pension. Appropriate deductions will be made from monthly pension on a premium shared basis. Note: Pensioners who decline the extended health benefit coverage at retirement will not be eligible for coverage later unless they can prove continuous coverage under an extended health care plan (e.g. coverage under spouse's plan). b) Early retiring faculty employees not immediately commencing receipt of a College pension may elect to continue their basic medical and extended health* benefit coverage through the College during the period preceding receipt of pension (but in any event, not longer than five (5) years following retirement) provided that: i) written notification of the intent to continue these benefits is provided to the Human Resources Employee and Labour Relations Department six (6) weeks prior to date of early retirement; ii) the individual maintains BC residency; and iii) the participant prepays all premium costs. *Coverage will be under a separate group for retirees at a reduced level.