Group Insurance Plan Continuation Eligibility Sample Clauses
Group Insurance Plan Continuation Eligibility. The Retirement Health Insurance Program provides for a one-time election for employees who were enrolled in the City’s health insurance plan immediately preceding retirement to continue participation in the group insurance plan. Eligibility for continuing participation in the group insurance plan is defined as retirement with at least 55 years of age and 10 years of City service, retirement at any age with 25 years of City service, or retirement as defined by Section 112.0801, Fla.
Group Insurance Plan Continuation Eligibility. The Retirement Health Insurance Program provides for a one-time election for employees who were enrolled in the City’s health insurance plan immediately preceding retirement to continue participation in the group insurance plan. Eligibility for continuing participation in the group insurance plan is defined as retirement with at least 55 years of age and 10 years of City service, retirement at any age with 25 years of City service, or retirement as defined by Chapter 112.0801 Florida State Statutes. The retiree shall be responsible for paying the prevailing insurance premiums by the due date, and failure to make payments in a timely manner shall be cause for cancellation of participation in the group insurance plan. Coverage may not be reinstated once it is cancelled for any reason.