Laserfiche WebLink
12 -9 -2011 <br /> required to choose at least the core benefit plan, which are: single health insurance, <br /> single dental coverage, short -term disability and term life insurance.. Any balance <br /> remaining after the required core benefits have been purchased may be used in any <br /> authorized area of the plan, such as: <br /> (A) The purchase of additional life, disability, or long term care insurance offered <br /> through the City's plan; <br /> (B) Contribution to an authorized Health Care Savings Account to the extent <br /> permitted by applicable law; <br /> (C) Contribution to an Employer sponsored deferred compensation (457) <br /> program. <br /> (D) Or, the Employee may elect to receive the balance in taxable income. <br /> EXCEPTION. New employees hired after December 31, 2011, shall not be <br /> permitted to use employer contributions to contribute to items C or D. <br /> 11.3 Continuation of Benefits <br /> Health Plans: Employees will be allowed to continue health and dental insurance <br /> coverage upon termination in accordance with Minnesota Continuation laws and /or <br /> federal COBRA regulations. Certain "qualifying" events trigger an Employee's <br /> and /or dependents' right to continuation coverage. <br /> Termination or Reduction: Generally, an Employee and his or her dependents are <br /> allowed to continue coverage for a period of eighteen (18) months when one of the <br /> following qualifying events occurs: <br /> • A reduction in the Employee's work hours (including strikes or <br /> layoffs); or <br /> • Voluntary or involuntary termination of the Employee for reasons <br /> other than gross misconduct. <br /> Divorce, Separation, Death: In the instance of divorce, legal separation or death <br /> of the Employee, a spouse and /or dependent child may continue coverage until: <br /> • Coverage is obtained under another group plan; or <br /> • Until coverage would otherwise end under the plan, such as the City <br /> terminating their group coverage for all Employees. <br /> Life Insurance Benefits: Generally, if an Employee loses coverage through <br /> termination of employment or reduction in hours, s /he has a right to continue group <br /> life insurance benefits for a period of eighteen (18) months from the loss of the <br /> coverage date. <br /> Health FSA: In cases where an Employee has under -spent his /her health FSA, <br /> coverage generally will only be continued until the end of the plan year. <br /> Page 25 of 51 <br /> Adopted , 2011 <br /> 64 <br />