Page 2 - Summit BHC 2022 Executives What's Changing
P. 2
Life and AD&D Insurance
Your company-paid basic life insurance amount equals two times your earnings, up to a maximum of
$500,000. MetLife currently limits to a maximum of $350,000 until evidence of insurability is provided and
approved. MetLife has removed the evidence of insurability requirement and executives will now have
coverage up to a maximum of $500,000.
Voluntary AD&D Insurance
If you elect Voluntary Life coverage, you will also receive Voluntary AD&D coverage of the same beneit
amount.
Short Term Disability
Our Short Term Disability coverage is changing with MetLife. If you elect coverage, your beneit amount
will be 60% of your earnings to ensure you have adequate disability protection. With this coverage
enhancement, the cost of coverage is increasing.
One Time 2022 Open Enrollment Opportunity!
If you elect coverage for 2022, evidence of insurability or medical underwriting will not be required. If you
do not elect coverage during this open enrollment and elect coverage in the future, medical underwriting
will apply and is subject to carrier approval.
Long Term Disability
Summit BHC pays for you to have Long Term Disability coverage and we are enhancing the coverage. The
current beneit amount is 60% of your pre-disability earnings up to a $6,000 maximum monthly beneit. The
maximum monthly beneit will be increased to $15,000 to provide you with more adequate protection. We
are making changes to how the premium is paid and the result will be a higher tax-free disability beneit
payable to you. More information and details will be provided by email in the coming weeks.
Enrollment
November 22 through December 2
Complete your enrollment at SummitBHC—EMB Beneits.
Summit BHC is holding ACTIVE enrollment. This means you must make elections to ensure
you have coverage in 2022.
After open enrollment closes on December 2, you will not be able to make any changes until the next open
enrollment period unless you have a qualifying life event.
A complete listing of all beneits with detailed plan coverage will be included in the Beneits Guide posted in
the enrollment portal at SummitBHC—EMB Beneits.
© 2021 Lockton, Inc. All rights reserved.
[Rev 11/17/21] SUMBE 22What's Changing Flyer Executives 1150345.pdf
Your company-paid basic life insurance amount equals two times your earnings, up to a maximum of
$500,000. MetLife currently limits to a maximum of $350,000 until evidence of insurability is provided and
approved. MetLife has removed the evidence of insurability requirement and executives will now have
coverage up to a maximum of $500,000.
Voluntary AD&D Insurance
If you elect Voluntary Life coverage, you will also receive Voluntary AD&D coverage of the same beneit
amount.
Short Term Disability
Our Short Term Disability coverage is changing with MetLife. If you elect coverage, your beneit amount
will be 60% of your earnings to ensure you have adequate disability protection. With this coverage
enhancement, the cost of coverage is increasing.
One Time 2022 Open Enrollment Opportunity!
If you elect coverage for 2022, evidence of insurability or medical underwriting will not be required. If you
do not elect coverage during this open enrollment and elect coverage in the future, medical underwriting
will apply and is subject to carrier approval.
Long Term Disability
Summit BHC pays for you to have Long Term Disability coverage and we are enhancing the coverage. The
current beneit amount is 60% of your pre-disability earnings up to a $6,000 maximum monthly beneit. The
maximum monthly beneit will be increased to $15,000 to provide you with more adequate protection. We
are making changes to how the premium is paid and the result will be a higher tax-free disability beneit
payable to you. More information and details will be provided by email in the coming weeks.
Enrollment
November 22 through December 2
Complete your enrollment at SummitBHC—EMB Beneits.
Summit BHC is holding ACTIVE enrollment. This means you must make elections to ensure
you have coverage in 2022.
After open enrollment closes on December 2, you will not be able to make any changes until the next open
enrollment period unless you have a qualifying life event.
A complete listing of all beneits with detailed plan coverage will be included in the Beneits Guide posted in
the enrollment portal at SummitBHC—EMB Beneits.
© 2021 Lockton, Inc. All rights reserved.
[Rev 11/17/21] SUMBE 22What's Changing Flyer Executives 1150345.pdf
