Override Of Veto Helps Mass. CU Volunteers

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The Massachusetts House of House of Representatives and the Senate have voted unanimously to override a veto by Gov. Milt Romney of a bill that would have denied certain insurance coverages to credit union directors. The bill had been supported by the state's credit unions. At present, state-chartered credit unions may provide certain group insurance coverages to employees, officers, and directors, including life, accident and health, and medical, surgical or hospital. The override of the veto now means that those board members who are denied group health insurance coverage by their insurance carrier will be permitted to obtain such benefits individually in a manner that is similar in type, scope, and cost of coverage as is offered to other plan participants of the credit union and to be reimbursed by the credit union. No timetable for implementation has been set.

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