Subject to the conditions and limitations of this plan and the component plans, an employee may elect to have compensation reduced and to have the employer pay eligible expenses by submitting the benefit election form(s) required under section 14-51-21 to the plan administrator, or the delegated representative(s), as follows:
(1) During an enrollment period designated by the plan administrator held prior to the beginning of the plan year to which the benefit election form applies, in which case coverage shall become effective on the first day of the plan year; or(2) In the case of a newly eligible employee, within ninety days of the date such employee is eligible under a component plan. Coverage shall become effective as soon as administratively possible thereafter, but in no event shall it be later than the first day of the month following the date the employee files the benefit election form(s) with the plan administrator, or the delegated representatives.[Eff. 12/15/89; am OCT 26 1998] (Auth: HRS § 78-62) (Imp: HRS §§ 78-61, 78-62)