Minn. R. agency 120, ch. 2740, QUALIFIED PLAN, pt. 2740.1600

Current through Register Vol. 49, No. 25, December 16, 2024

Part 2740.1600 - TERMINATION OF COVERAGE; CONVERSION PRIVILEGES

Subpart 1. [Repealed, L 1998 c 407 art 8 s 14]

Subp. 2.Duty to offer conversion policy or contract.

Duty to offer conversion policy or contracts:

A. For the purposes of Minnesota Statutes, section 62E.16, an insurer, health maintenance organization, or self-insurer shall not be required to offer a conversion policy or contract to a person who is then covered by a qualified plan or eligible for Medicare.

B. An insurer, health maintenance organization, or self-insurer shall not be required to renew a conversion policy or contract issued to a person who, during the prior policy or contract year, became covered by a qualified plan, or became eligible for Medicare.

C. An insurer, health maintenance organization, or self-insurer that is required to offer conversion coverage to a terminated employee must offer, at the employee's option, a number 1, number 2, or number 3 qualified plan. A policy providing reduced benefits at a reduced premium rate may be accepted by the employee, spouse or a dependent in lieu of the optional coverage otherwise required by Minnesota Statutes, sections 62A.17, subdivision 6 and 62E.16.

Subp. 3.Due notice of cancellation or termination.

An insurer, health maintenance organization, or self-insurer shall be deemed to have provided "due notice of cancellation or termination" as required in Minnesota Statutes, section 62E.16 if the insurer, health maintenance organization, or self-insurer notifies in writing those employees at their respective addresses as provided to the insurer, health maintenance organization, or self-insurer by the employer pursuant to the terms of Minnesota Statutes, section 62E.16.

Minn. R. agency 120, ch. 2740, QUALIFIED PLAN, pt. 2740.1600

10 SR 474; L 1998 c 407 art 8 s 14

Statutory Authority: MS s 62E.09