SECTION 260:40-23-3. Requirements for participation

Latest version.

  Upon submission of an application for participation any eligible employee may participate in the insurance premium conversion option for qualified insurance plans, if:
(1)   The employee's total premium costs exceed the employee's benefits allowance; or
(2)   Prior to the beginning of a period of coverage, the eligible employee has made application to increase insurance coverage under a qualified benefit plan offered by the Plan Administrator, the premium for which will exceed the employee's flexible benefits allowance during the ensuing period of coverage; or
(3)   Any employee has an election change consistent with OAC 260:40-23-10 that causes the employee's total premium costs to exceed the benefit allowance; or
(4)   If the eligible employee chooses to participate.

[Source: Added at 31 Ok Reg 1358, eff 9-12-14]

                    
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