Continuation Period for Retired Members Who Lost Coverage Because of a Former Employer’s Bankruptcy:

There is a special continuation period for Qualified Beneficiaries who are retired members and dependents of retired members when the employer declares bankruptcy under Title 11 of the United States Code and the retired member and his/her dependents lose substantial coverage within one year of the date of the bankruptcy proceedings commenced.  Coverage will be continued for each qualified beneficiary until the date of that qualified beneficiary’s death.  However, the surviving eligible spouse or dependent children of a deceased retired member may continue coverage for up to a maximum of 36 months following the retired member’s death