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(a) A benefit recipient may discontinue participation in the long-term care insurance plan at any time by submitting a signed, written request to the administrator. If the request is received or postmarked on or before the 15th day of a month, the administrator will stop premium payments in that month. If the request is received or postmarked after the 15th day of a month, premiums will be stopped no later than the month following the date of receipt or postmark. Coverage ends on the last day of the month after the month in which the last premium is deducted.
(b) A person who is paying premiums directly to the insurance carrier may discontinue participation in the long-term care insurance plan at any time by submitting a signed, written request to the insurance carrier. Coverage ends on the last day of the month for which the last premium was paid.
(c) A person who has elected continued coverage and who then discontinues coverage may not reapply for the coverage.
History: Eff. 11/12/86, Register 100; am 2/1/93, Register 125
Authority: AS 39.30.090
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Last modified 7/05/2006