Laserfiche WebLink
payment for that month is made before the end of the grace period for <br /> that payment. If the Retiree fails to make a monthly payment before the <br /> end of the grace period Ifor that month, they will lose all rights to <br /> continuation coverage under the Plan and the benefits will be <br /> terminated. <br /> e. If Retiree health insurance coverage is terminated, it cannot be <br /> reinstated and COBRA continuation coverage will not be available. <br /> f. Retirees may cancel health, dental and/or vision coverage during the <br /> year, however, they may not rejoin the plan at a later date once coverage <br /> is cancelled. The change will become effective the end of the month the <br /> request is received. If cancellation is due to other insurance coverage, <br /> the cancellation will be done to coincide with the effective date of the <br /> new coverage providing proof of other insurance is provided, the request <br /> is timely and claims have not been incurred under the plan you are <br /> cancelling. Dependent coverage ceases upon cancellation of Retiree <br /> coverage. At that time, dependents will be offered continuation coverage <br /> under the provisions of the Consolidated Omnibus Budget <br /> Reconciliation Act (COBRA). <br /> g. Dependents may be added mid-year or outside of the annual benefits <br /> open enrollment period if there is a "Qualifying Life Event". Qualifying <br /> Life Events are defined by the Internal Revenue Service (IRS) and <br /> include: <br /> i. Change in Retiree's legal status including marriage, divorce, and <br /> death of spouse/domestic partner. <br /> ii. Change in the number of dependents the Retiree has for federal <br /> income tax purposes due to events such as birth, adoption, <br /> placement for adoption or death. <br /> iii. The termination or commencement of employment of the <br /> Retiree's spouse/domestic partner or other enrolled dependent. <br /> iv. An event that causes the Retiree's dependent child to satisfy or <br /> cease to satisfy the requirements for coverage due to attainment <br /> of age. <br /> v. A court order or judgment, decree or change in legal custody <br /> including a qualified health child support order. <br /> CODING: Words stricken are deletions, words underlined are additions. <br /> 503-1 Retirement Benefits - DRAFT 01172018sem Page 5 of 6 <br />