§ 35.096  C.O.B.R.A. (FEDERAL CONSOLIDATED OMNIBUS RECONCILIATION ACT).
   (A)   All village employees receiving health insurance coverage are entitled to continued health insurance coverage under the Federal Consolidated Omnibus Reconciliation Act (COBRA). The employee (or employee's designee) must comply with certain time periods to accept COBRA conditions (60 calendar days after the employee has been notified by the Insurance Plan Administrator). If accepted, the employee is required to pay the village 102% of what the employee's chosen insurance coverage would cost the village (100% of the cost of the coverage plus 2% for administrative costs). In the event of a 36-month qualifying event (see below), charges in the amount of 150% of the monthly premium will be assessed for the months 19 through 36.
   (B)   If the employee fails to pay the premium within the allotted time given to do so, if new benefits have been attained through remarriage or employment, or the group plan is dropped by the village, the employee may lose these insurance benefits.
   (C)   The following illustrates present COBRA conditions:
 
Qualifying Event
Eligible Beneficiaries
Period of Time Coverage May Continue
Voluntary termination
Former employee and his/her spouse and dependent children
Up to 18 months
Involuntary termination, except when resulting from gross misconduct
Former employee and his/her spouse and dependent children
Up to 18 months
Death of an insured employee
Surviving spouse and dependent children
Up to 3 years
Divorce and legal separation of insured employee
Former spouse and dependent children
Up to 3 years
Dependent child whose status or dependency ceases due to reaching the age of 19 or 25, if a full-time student at an accredited college or trade school. Student status must be verifiable
Employee's dependent children
Up to 3 years
Attainment of Medicare eligibility by insured employee
Medicare-eligible employee's spouse and dependent children
Up to 3 years
 
(Ord. 2000-02, passed 5-17-00)