376.401. Conversion rights--retirees--dependents of insured. - Missouri Statutes

Conversion rights--retirees--dependents of insured.

376.401. 1. In the event coverage would be continuedunder the group policy on an employee following his retirement,but prior to the time he is or could be covered by Medicare,the employee or member may elect, in lieu of such continuationof group insurance, to have the same conversion rights as wouldapply had that insurance terminated at retirement. Theconverted policy may provide for reduction or termination ofcoverage of any person upon his eligibility for coverage underMedicare or under any other state or federal law providing forbenefits similar to those provided by the converted policy.

2. Subject to the conditions set forth in this section andsection 376.397, the conversion privilege shall also beavailable to:

(1) The surviving spouse, if any, at the death of theemployee or member, with respect to the spouse and suchchildren whose coverage under the group policy terminates byreason of such death, or if the group policy provides forcontinuation of dependents coverage following the employee's ormember's death, at the end of such continuation;

(2) The spouse of the employee or member upon terminationof coverage of the spouse, while the employee or member remainsinsured under the group policy, with respect to the spouse andsuch children whose coverage under the group policy terminatesat the same time; or

(3) A child, solely with respect to himself, upontermination of his coverage by reason of ceasing to be aqualified family member under the group policy, if a conversionprivilege is not otherwise provided in sections 376.395 to376.404 with respect to such termination.

(L. 1981 S.B. 58 § 3)

Effective 1-1-83