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OK SB183
Bill
AI Summary
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Allows retirees from Oklahoma Public Employees Retirement System and Teachers' Retirement System to suspend health insurance coverage if they obtain alternative coverage from a different insurer, with documentation requirements.
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Permits retirees to reacquire suspended health insurance coverage by filing an election either 30 days before or within 60 days after their alternative coverage ends.
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Applies suspension and reacquisition provisions to both retirement systems' members receiving health benefits under the State and Education Employees Group Insurance plan.
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Takes effect July 1, 2011, with emergency clause allowing immediate implementation.
Legislative Description
Retiree health care insurance; authorizing suspension of health insurance coverage for certain retirees; authorizing reacquisition of insurance coverage. Effective date. Emergency.
Insurance
Last Action
Pending authorship Representative(s) Jordan
2/22/2011