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Private School Mutual Aid System > Voluntarily Continued Insurance Member Voluntarily Continued Insurance Member
A member who before retirement has been a continuous member of the plan for
a period longer than one year and one day (previous voluntarily continued insurance
period is not applicable to this period), will be eligible to join the Voluntarily
Continued Insurance (VCI) plan and can make use of Short-Term Benefits and the
welfare services (excluding loan, savings and some other services) for a maximum
of two years. However, if a member enrolls in the Medical System for the Old Elderly during his membership of the Voluntary Continued Insurance, the Voluntary Continued Insurance is only applicable until the day before the date of enrollment.
Note: If VCI members obtain the enrolment eligibility
through reemployment at school, then retire, and lose the enrollment eligibility,
they cannot be VCI members unless the enrollment
period at the school of reemployment was one year and one day or longer.
<Case> When the date of employment is April 1, 2010, and the date of retirement is March 31, 2011:
- Since the enrollment period is only one year, the member cannot be a VCI member.
Application to be made within 20 days after retirement
- In order to join the Voluntarily Continued Insurance plan, you must apply
to the Private School Association within 20 days after your retirement.
- The premium for participation in the voluntary plan is the same as the premium
for the Short-Term Benefits program (including the premium for nursing care) and
is to be paid in full by the participant. Participants have the option of paying
the premium monthly, half-yearly (two installments covering April to September,
and October to March the next year), or yearly (covering April to March the following
year.)
- Payment is to be made within the prescribed time limit after receiving a notice
of payment due (automatic withdrawal from an account is not available.)
If the premium is not paid by the payment deadline, the eligibility for voluntarily continued enrollment will be lost or the acquisition of the eligibility will be cancelled.
- Request for benefits, application for the approval of a dependent, payment
of premiums are addressed directly to the Private School Association by the participant.
- If you wish to end your subscription to the Voluntarily Continued Insurance
plan ahead of the maximum allowable two years, please submit an Application for
Withdrawal from the Voluntarily Continued Insurance Plan. (Supporting documents
are required depending on the grounds for loss of eligibility.) The premium paid
in advance covering the period after your withdrawal from the program will be
refunded.
- Premiums for the Voluntarily Continued Insurance plan are tax deductible and
treated as deduction for social insurance premiums (certificate proving payment
of premiums is issued at the end of October or January.)
- The various procedures that will need to be followed after becoming a participant
in the Voluntarily Continued Insurance plan are described in the Member’s
Guide sent together with the Voluntarily Continued Insurance Membership Card.
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