Coverage is effective 30 days following the last day of the month in which employment begins. This money is deducted each month from the staff member's paycheck on a pre-tax basis, reducing income for federal, state and local tax purposes. The staff member may then submit claims for eligible expenses and receive reimbursement. Contributory coverage terminates at age 70 or retirement, whichever comes first. Terminally ill staff may apply for a Living Benefit.
Coverage is effective the date of enrollment.
If disability occurs prior to age 60, the life insurance coverage continues at no premium cost for the term of the disability, subject to appropriate coverage reductions at age 70.