Oregon Revised Statutes Chapter 243 § 243.296 — Requirements when board offers long term care insurance plan

Requirements when board offers long term care insurance plan. (1) If the Public Employees’ Benefit Board offers a long term care insurance plan under ORS 243.291, the board shall: (a) Develop effective and cost-effective ways to make the plan available; (b) In consultation with the Public Employees Retirement System, develop plan specifications, eligibility rules, underwriting guidelines and consumer educational materials; and (c) Ensure that eligible employees may continue to participate in the plan after retirement and former eligible employees may enroll in the plan after retirement. (2) The educational materials that the board develops for eligible employees and retired employees under subsection (1) of this section shall provide information on the potential need for long term care, methods of financing long term care and the availability of long term care insurance plans offered by the board. [1997 c.757 §2; 2019 c.98 §2] Note: See note under 243.291.