1 Va. Admin. Code § 55-20-400
Current through Register Vol. 41, No. 9, December 16, 2024
Section 1VAC55-20-400 - Termination of employmentA. Coverage continues to the end of the month in which an employee terminates. Each terminating employee may elect continuation of coverage pursuant to Internal Revenue Code section 4980B and accompanying regulations.B. Terminating employees may also have the option of converting to a non-group policy. The carrier will send the employee a letter offering non-group coverage. The employee will have 30 days after the date of the letter to reply in order for coverage to be continuous. All terminating employees will be given certificates of coverage as required by the Health Insurance Portability and Accountability Act.1 Va. Admin. Code § 55-20-400
Amended, Virginia Register Volume 30, Issue 14, eff. April 24, 2014.Derived from VR525-01-02 § 4.9, eff. November 21, 1990; amended, Virginia Register Volume 20, Issue 20, eff. July 16, 2004.Statutory Authority: § 2.2-2818 of the Code of Virginia.