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COBRA continuation of benefits, cont.


                                            5. A determination by the Social Security Administration that a qualified
                                            beneficiary is no longer disabled; beneficiary must notify us within 30 days
                                            after the later of 1) the date of final determination by the Social Security
                                            Administration that the beneficiary is no longer disabled or 2) the date
                                            provided in the SPD or initial COBRA notice.

                                            The above notices may be provided by the covered employee, a qualified
                                            beneficiary with respect to the qualifying event, or a representative of the
                                            employee or beneficiary. Notice by one individual will satisfy the notice
                                            responsibility of all related qualifying beneficiaries with respect to the
                                            qualifying event.
                                            If the employee or qualified beneficiary does not provide notice of the
                                            above-described events within the time limit provided above with respect to
                                            each event, Texas Mutual Insurance Company is not required to make COBRA
                                            coverage available.
                                            Proper notification by a current employee would be the employee completing
                                            a benefit change in Workday, or via a written notice. Proper notification by a
                                            qualified beneficiary would be by written notice. The written notice must
                                            include the name of the employee and qualifying beneficiaries, the applicable
                                            qualifying event from the above-described list, the date the qualifying event
                                            occurred, and the employee’s or qualifying beneficiaries’ contact information.
                                            If notice is made in writing, it must be either hand-delivered or mailed by
                                            United States mail, postage pre-paid, and addressed to:
                                                Attn: Human Resources—Employee Benefits
                                                2200 Aldrich Street
                                                Austin, TX 78723
                                            COBRA coverage
                                            If you elect to continue coverage under the Consolidated Omnibus Budget
                                            Reconciliation Act of 1985 (COBRA), you and/or your dependents will receive
                                            the same medical and dental benefits you were entitled to as an employee
                                            provided you pay the COBRA premium. Qualifying events for COBRA eligibility
                                            are listed in the chart below.
                                            Monthly COBRA premiums

             Enrollment Level                     Medical                           Dental
             Individual*                           $719.10                          $35.70
             Employee and Children                $1,366.80                         $99.96
             Employee and Spouse                  $1,509.60                         $75.48
             Employee and Family                  $2,157.30                        $139.74

            *Individual refers to a former employee or a dependent eligible for COBRA














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