Insurance Coverage Question

[Guest guest]

Hey does anyone know what happens to insurance coverage if an employee

is terminated? Does the coverage continue through the rest of the

contract or does it terminate immediately?

[Guest guest]

I can tell you what happens when you leave a company. The insurance

ends right away, but usually you have a period of 90 days to submit

any claims (eligibility up to the date of resignation). I believe it's

also a requirement (at least here in Ontario, Canada) to give you a

certain length of time to decide whether or not you want to continue

certain coverage, such as life insurance, on a private pay basis. And

obviously the latter also applies to any vested pension benefits or

RRSP funds you or the company may have contributed to.

> Hey does anyone know what happens to insurance coverage if an

employee is terminated? Does the coverage continue through the rest of

the contract or does it terminate immediately?

[Guest guest]

To add to what said, usually you have the option to " extend " your

insurance if you need it. This can usually be done for 12 - 18 months

and can be very costly. This information should be provided in your

insurance policy.

Mark

> > Hey does anyone know what happens to insurance coverage if an

> employee is terminated? Does the coverage continue through the rest

of

> the contract or does it terminate immediately?