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What happens to insurance if an employee runs out of paid leave time?

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What happens to insurance if an employee runs out of paid leave time?

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Currently, insurance benefits are maintained through the last day of the month that the employee was placed in an unpaid status (leave of absence). For example, if an employee is placed on an unpaid leave of absence starting October 17, coverage continues through the October 31. However, this policy is currently under review, and may be revised to terminate coverage on the first day following the last day of paid status when an employee is placed on an unpaid leave of absence. For example, using the same example outlined above, the employee’s insurance would end on October 18. COBRA is offered to all employees when their insurance coverage ends.

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