Common use of Retirement Coverage Clause in Contracts

Retirement Coverage. Those teachers leaving the employment of the School Corporation because of retirement may remain a part of the group plan (which includes letters A, B, and C of Section 1 of this Article) by paying the full premium for such coverage. When Retired Teachers become eligible for Medicare, they are no longer eligible to remain in the EACS Group Health Insurance Plan. A retired teacher may also remain part of the group life insurance program until age 65 by paying the full premium. At age 65, the group life insurance program may be converted to an individual policy in accordance with the carrier’s conversion policy.

Retirement Coverage. Those teachers leaving the employment of the School Corporation because of retirement may remain a part of the group plan (which includes letters A, B, and C of Section 1 of this Article) by paying the full premium for such coverage. When Retired Teachers become eligible for Medicare B, the retiree and dependents must enroll in Medicare and the School Corporation’s health plan will be supplementary to Medicare, they are no longer eligible to remain in the EACS Group Health Insurance Plan. A retired teacher may also remain part of the group life insurance program until age 65 by paying the full premium. At age 65, the group life insurance program may be converted to an individual policy in accordance with the carrier’s conversion policy.

Retirement Coverage. Tentative Agreement - 10/16/19 Those teachers leaving the employment of the School Corporation because of retirement may remain a part of the group plan (which includes letters A, B, and C of Section 1 of this Article) by paying the full premium for such coverage. When Retired Teachers become eligible for Medicare, they are no longer eligible to remain in the EACS Group Health Insurance Plan. A retired teacher may also remain part of the group life insurance program until age 65 by paying the full premium. At age 65, the group life insurance program may be converted to an individual policy in accordance with the carrier’s conversion policy.