Reso 2018-2774 - Laserfiche WebLink

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within 60 days. The City utilizes a third party administrator for election notifications and payment administration. Coverage through the active group terminates the end of the month in which the employee retires, providing premiums are paid in full. Coverage as a Retiree begins the first.of the month following retirement, providing payment is received. The option to enroll in the City's health insurance plan upon retirement is a one-time option, which must be exercised on or before the last day of employment with the City. b. The Retiree must pay a monthly Retiree contribution rate applicable to the covered class (i.e., employee, employee plus spouse, employee plus children, or family) elected for continuation. The retiree contribution rate is established at 100% of the determined costs for the class of coverage elected, and is assessed annually for rate adjustments each March 1. The City will not pay the costs, or a portion thereof, of any such continuation coverage for its Retirees and eligible dependents. c. Once the City's health plan coverage for employees and their dependents with Medicare changes to Retiree coverage, the Medicare coverage will generally become primary and the City's health plan coverage will become secondary to the Medicare coverage. d. Retiree health insurance payments are due on the first day of each month of continuation coverage. A grace period of 30 days after the first day of the month will be given to make each monthly payment. Continuation coverage will be provided for each month as long as payment for that month is made before the end of the grace period for that payment. If the Retiree fails to make a monthly payment before the end of the grace period for that month, they will lose all rights to continuation coverage under the Plan and the benefits will be terminated. e. If Retiree health insurance coverage is terminated, it cannot be reinstated and COBRA continuation coverage will not be available. f. Retirees may cancel health, dental and/or vision coverage during the year, however, they may not rejoin the plan at a later date once coverage is cancelled. The change will become effective the end of the month the request is received. If cancellation is due to other insurance coverage, the cancellation will be done to coincide with the effective date of the new coverage providing proof of other insurance is provided, the request is timely and claims have not been incurred under the plan you are cancelling. Dependent coverage ceases upon cancellation of Retiree CODING:Words stricken are deletions,words underlined are additions. 503-1 Retirement Benefits Page 4 of 6