Okla. Admin. Code § 260:40-23-3

Current through Vol. 42, No. 6, December 2, 2024

Section 260:40-23-3 - Requirements for participation

Upon submission of an application for participation any eligible employee may participate in the insurance premium conversion option for qualified insurance plans, if:

(1) The employee's total premium costs exceed the employee's benefits allowance; or

(2) Prior to the beginning of a period of coverage, the eligible employee has made application to increase insurance coverage under a qualified benefit plan offered by the Plan Administrator, the premium for which will exceed the employee's flexible benefits allowance during the ensuing period of coverage; or

(3) Any employee has an election change consistent with OAC 260:40-23-10 that causes the employee's total premium costs to exceed the benefit allowance; or

(4) If the eligible employee chooses to participate.

Okla. Admin. Code § 260:40-23-3

Adopted by Oklahoma Register, Volume 31, Issue 24, September 2, 2014, eff. 9/12/2014