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When Coverage Ends
Coverage under the JPMorgan Chase Vision Plan option will end on the last day of the month in which:
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You cancel coverage due to a qualified change in status;
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You stop making required contributions;
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Your employment with JPMorgan Chase is terminated for any reason (unless you are receiving severance benefits under the Severance Pay Plan);
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You no longer meet the eligibility requirements of the Vision Plan;
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The Vision Plan is discontinued;
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Your long-term disability benefits under the Long-Term Disability Plan end; or
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You die.
Coverage for your dependents ends when they no longer meet the eligibility requirements described in "Your Eligible Dependents" in the " Medical Plan" section of this Guide. For your spouse, this means the end of the month in which you die (unless they choose to continue coverage) or divorce. For a dependent child, this means the end of the month in which he or she:
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Turns age 19, or age 21 if they are not eligible for benefits through their own employer, or age 23 if they are a "full-time student" (except for those states that mandate coverage to a later date (please see "Your Eligible Dependents" for more information);
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Marries;
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Is no longer dependent on you for support; or
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Is no longer eligible for coverage under a Qualified Medical Child Support Order (QMCSO).
Coverage for a domestic partner ends at the end of the month in which the domestic partner ceases to meet the eligibility requirements described in "Your Eligible Dependents" in the " Medical Plan" section of this Guide.
Continuing Coverage Under COBRA
Under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), you and your covered dependents have the right to continue vision coverage at your own expense (102% of the full cost) for a certain period of time if your JPMorgan Chase-provided coverage ends. (For domestic partners, JPMorgan Chase may provide COBRA-like coverage if the domestic partner was covered under the JPMorgan Chase Vision Plan at the time that coverage ended.) Please see the "Plan Administration" section of this Guide for more information on COBRA.
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