Annual
Open Enrollment
May 1st to May 31st
Employees may drop or change coverage
for health, dental, life and long-term
disability benefits during
the annual open enrollment.
Employees who do not initiate a change during open enrollment
for optional health, dental, life or long-term disability insurance
will automatically continue their coverage as is into the next
plan year.
The following changes are permitted during open enrollment.
Health Insurance
- Employees may choose a different health insurance
option
- Employees may change the type of coverage, i.e. individual
or family
- Eligible employees may initiate coverage
Dental Insurance
- Employees may enroll, unenroll, or change
the type of coverage (i.e. individual or family)
Flexible Spending Accounts
- Flexible Spending Accounts will
be accessible via the myFlexResource debit card.
Term Life Insurance and Long Term Disability Insurance (LTD)
- Eligible employees may initiate coverage
changes either to increase or decrease coverage.
- LTD insurance
may be increased one coverage level (i.e. from 40%
to 50%, or from 50% to 60% or from 60% to 66 2/3%) income
replacement without the completion of a medical history
statement form.
- If employees elect to increase
their coverage greater than one level per year, evidence
of insurability will be required.
|
