Events That May Affect ORP Insurance Coverage
Calculating Insurance Coverage End Dates
Eligibility to Convert ORP Insurance Coverage
Converting ORP Insurance
A Participant is no longer eligible for ORP Group Life and Long-Term Disability Insurance if:
A Participant may or may continue to be eligible for ORP Group Life and Long-Term Disability Insurance if:
Group Life and Long-Term Disability Insurance coverage ends at the end of the month for which the final premium is paid. The premiums are paid when the Plan Administrator calculates and remits the Employer Matching Contribution. This is usually done one week after the close of each biweekly payroll cycle.
In cases where ORP Participants terminate employment at the end of the spring semester, yet remain on the payroll through August for the “balance of their contract” payments, the final premium would likely be paid in September. In these cases, the Participants’ insurance coverage would end on September 30.
ORP Participants who are covered by the Group Life and Long-Term Disability Insurance policies may be eligible to "convert" their ORP group coverage to individually owned policies in situations where their coverage would otherwise end. Eligibility is outlined in this table:
Change in Employment Status | Eligible to Convert Group Life Insurance? |
Eligible to Convert Long-Term Disability Insurance? |
---|---|---|
Change to Ineligible Position | Yes |
No |
Workload Reduction to Less Than 50% FTE | ||
Leave of Absence Without Pay | ||
Termination of Employment | Yes |
Yes |
ORP Participants who are covered by the Group Life and Long-Term Disability Insurance policies may be eligible to "convert" their ORP group coverage to individually owned policies in situations where their coverage would otherwise end.
The insurance company is compelled to issue the individual insurance policy, without regard to the Participant’s health. Participants pay the premiums for their "converted" coverage on their own, directly to the insurance company.
Participants may convert their ORP Group Life Insurance coverage when:
As soon as the Campus Administrator is aware that a Participant is eligible, they must provide the Group Life Insurance Conversion Form to the employee.
To apply to convert the insurance, Participants must:
Participants may convert their ORP Long-Term Disability coverage upon termination of employment.
As soon as the Campus Administrator is aware that a Participant is eligible, they must provide the Long-Term Disability Insurance Conversion Form to the employee.
To apply to convert the insurance, Participants must:
You should always contact the Plan Administrator with any questions you have about these issues.