Common use of COMMENCEMENT OF COVERAGE FOR EMPLOYEE Clause in Contracts

COMMENCEMENT OF COVERAGE FOR EMPLOYEE. a. With respect to a person who is an Eligible Employee on the Effective Date, coverage hereunder shall begin upon such person becoming a Subscriber. b. With respect to a person who is not an Eligible Employee on the Effective Date, coverage hereunder shall begin the first day of the month upon the later of i) such person becoming a Subscriber, or ii) the earlier of (A) the effective date associated with the enrollment period for a new hire or the annual open enrollment period elected by the Employer, or (B) the date the individual becomes a Subscriber in connection with a “qualifying event.” c. With respect to a person who is an Eligible Employee who experiences a “qualifying event,” such Eligible Employee may make a new election within thirty-one (31) days of the qualifying event that corresponds to the gain or loss of eligibility and/or coverage under the Plan, or a plan of the Eligible Dependent’s employer, that was caused by the occurrence of such qualifying event. Changes in coverage will become effective on the first day of the month coincident with or following the later of: i) the month in which the Eligible Employee becomes a Subscriber, ii) the effective date specified in the election, or iii) the submission of any required enrollment information and the payment of any required premium to Surency. For purposes of this Section V, a “qualifying event” is any of the events described below: 1. Legal Marital Status. A change in an Eligible Employee’s legal marital status such as marriage or divorce.