34 Period of COBRA Coverage A Qualified Beneficiary who qualifies for COBRA Continuation Coverage as a result of Termination of Employment (other than for gross misconduct) or reduction in hours of employment, may elect COBRA Continuation Coverage for up to eighteen (18) months (Federal COBRA) , ( thirty - six (36) months in the State of New York ) , measured from the date of the Qualifying Event. With respect to all other Qualifying Events, a Qualified Beneficiary who is a Qualifying Dependent may continue COBRA Continuation Coverage for up to thirty - six (36) months from the date of the Qualifying Eve nt. A Qualified Beneficiary who properly elects and renders payment for the initial Continuation Coverage Contribution shall have such COBRA Continuation Coverage effective on the date of the Qualifying Event. Coverage under this Section may be terminated early and may not continue beyond certain deadlines based on : a. the date on which the Employer ceases to maintain a group health plan; b. the last day of the month for which premium payments have been made, if the individual fails to make premium payments on time, in accordance with this Plan; c. the date the Qualified Beneficiary, after the date they elect COBRA Continuation Coverage, first becomes enrolled in Medicare; d. the date the Qualified Beneficiary, after the date they elect COBRA Continuation Coverage , first becomes covered under another group health plan and is no longer subjected to a pre - existing condition exclusion or limitation under the Qualified Beneficiary’s other coverage or new employer plan; or e. in the case of a disabled Qualified Beneficiary (and their disabled or non - disabled family members) receiving COBRA Continuation Coverage under the eleven (11) month extended coverage extension , the first day of the month that begins more than thirty (30) days after the date the Qualified Beneficiary is determined by the Social Security Administration to no longer be “disabled” within the meaning of the Social Security Act. In the event the Plan Administrator terminates COBRA Continuation Coverage of a Qualified Beneficiary prior to the end of the maximum available Continuation Coverage Period, the Plan Administrator shall provide a notice of such termination to each affected Qualified Beneficiary in accordance with 29 CFR Part 2590.606 - 4(d). Contribution Requirements for Coverage Qualified Beneficiaries who elect COBRA Continuation Coverage as a result of a Qualifying Event (or third parties on behalf of a Qualified Beneficiary) will be required to pay Continuation Coverage Contributions. Qualified Beneficiaries (or third parties on behalf of a Qualified Beneficiary) must make the Continuation Coverage Contributions monthly on or prior to the first day of the month of such coverage. However, a Qualified Beneficiary has forty - five (45) days from the date of an affirmative election to pay the Continuation Coverage Contributions for the first month plus the cost for the period between the date health coverage would otherwise have terminated due to the Qualifying Event and the date the Qualified Beneficiary actually elect s COBRA Continuation Coverage. If the Qualified Beneficiary fails to make the Continuation

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