Employee Benefit Programs - Benefits at Termination
Under Federal Law, many people covered under group health plans have
the opportunity for temporary extension of health coverage (called "continuation
coverage") at group rates, in certain instances where coverage would
otherwise end.
If continuation of coverage is chosen, the participant will receive coverage
identical to coverage provided
The Consolidated Omnibus Budget Reconciliation Act (COBRA) and many state
laws have rules giving employees and their covered dependents the right
to continue coverage after they leave the group (termination of employment,
reduction of hours, layoff, divorce, legal separation, death and/or disability),
and then convert to individual policies. COBRA applies to hospital, medical,
surgical, dental, prescription drug, hearing and vision group insurance
plans.
Medical and/or Dental Insurance Plans:
Blue Cross Blue Shield Blue Million, Blue Point 2, Blue Choice Hi-Option,
Blue Choice Select, Blue Choice Plus, Blue Choice Value and Blue Cross
Blue Shield Dental plans may be continued for a period of 18 months (employees)
as long as the monthly premium plus a 2% administrative fee is paid to
the provider. The departing employee has 60 days from the date of notification
to elect this coverage.
Flexible Spending Accounts (FSA):
The above also applies.
Note: Any individual participating with COBRA coverage is eligible
to change coverage during the Colleges' annual benefits open enrollment
in order to change their plan (example: Blue Choice Hi-Option to Blue
Choice Select).
Group Term Life Insurance:
Conversion (changing your current term insurance policy to an individual
whole life insurance policy) for basic life and portability options for
supplemental life insurance programs are available. Election must be made
within 31 days following separation of employment.
Short Term Disability:
If your disability begins during the first four weeks of unemployment,
your claim will be paid through the Colleges' insurance company, if you
are eligible. If your disability begins after the first four weeks of
unemployment, your claim will be paid by the Special Fund administered
by the Chairwoman, Workers' Compensation Board, if you are eligible.
Long Term Disability Insurance:
No continuation coverage available
Tuition Benefits:
Refer to Termination
of Tuition Benefits
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