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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 1. Administration |
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Agency 55. Department of Human Resource Management |
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Chapter 20. Commonwealth of Virginia Health Benefits Program |
Section 300. Ceasing participation in the health benefits program
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A local employer who desires to terminate participation in the health benefits program may do so at any time, as of the last day of any calendar month, with three months notice to the department. The local employer shall be obligated to pay any and all contributions otherwise required through the date of termination of participation and interest related thereto. Additionally, a terminating local employer shall be responsible for any adverse experience adjustment which may apply with respect to the year termination occurred and any prior year within which the terminating local employer participated in the program.
Upon the local employer's cessation of participation in the program, all of the local employers' participants, including retirees, dependents of retirees and COBRA beneficiaries will cease to be covered under the program.
Historical Notes
Derived from VR525-01-02 § 3.9, eff. November 21, 1990; amended, Volume 20, Issue 20, eff. July 16, 2004.