AR SB826

Reduces the election period for retirees to enroll in the State and Public School Life and Health Insurance Program from 31 days to 30 days after becoming an active retiree.

Allows retirees who declined participation due to employer-sponsored group health insurance coverage to make a one-time election to participate upon experiencing a qualifying event or during open enrollment if they provide proof of continued coverage.

Permits retirees who lost eligibility for other employer-sponsored group health insurance to qualify for program participation within 30 days by submitting proof of loss and demonstrating continuous prior coverage.

Clarifies that "loss of coverage" means loss of eligibility as defined by Internal Revenue Service and Health Insurance Portability and Accountability Act guidelines for special enrollment periods.

Extends dependent coverage eligibility to allow dependents who were declined coverage due to other employer-sponsored group health insurance to be added within 30 days of involuntarily losing that coverage, provided the loss was not due to fraud or voluntary premium cessation.