Common use of With no loss of coverage Clause in Contracts

With no loss of coverage. If the coverage under a benefit package option is significantly curtailed or ceases during the Plan Year, affected Participants may revoke their elections for the curtailed coverage and make a new prospective election for coverage under another benefit package option providing similar coverage.

With no loss of coverage. If the coverage under a benefit package option Benefit Option is significantly curtailed or ceases during the Plan Year, affected Participants may revoke their elections for the curtailed coverage and make a new prospective election elections for coverage under another benefit package option Benefit Option providing similar coverage.