Common use of Significant Curtailment of Coverage Clause in Contracts

Significant Curtailment of Coverage. (i.) With no loss of coverage. If the coverage under a Benefit Package Option is significantly curtailed or ceases during the Plan Year, affected Participants may revoke their elections for the curtailed coverage and make a new prospective election for coverage under another Benefit Package Option providing similar coverage.

Appears in 2 contracts

Sources: Cafeteria Benefits Plan, Cafeteria Benefits Plan