Page 4 - Busey 2021 Annual Benefits Enrollment
P. 4
2021
Enrollment and Eligibility
Enrollment and Eligibility Qualifying Life Status Events
It’s time to make some important decisions about A qualifying event is a change in your personal life
beneits for you and your family. In this guide, you have which may impact your eligibility or dependent’s
the opportunity to learn about your options for 2021 eligibility for beneits.
and make selections which best meet your needs and
the needs of your family members. Examples of some qualifying events include the
following:
Once elections are made, you are only able to change Change of legal marital status (e.g., marriage,
your coverage during the 2021 plan year if you divorce, death of spouse, legal separation)
experience a qualifying life status event. If you do
experience a qualifying event, it is your responsibility to Change in number of dependents (e.g., birth,
notify Human Resources within 30 days of the event. adoption, death of dependent, ineligibility due
Unfortunately, failure to notify Human Resources to age)
within 30 days prohibits your ability to change your Change in employment or job status
beneit election(s).
Eligible Associates
You may enroll in the Busey insurance plan if you
are a full-time associate. New hires are eligible for
beneits the irst of the month following 30 days of
employment.
Dependent Eligibility
As you become eligible for beneits, so do your eligible
dependents. In general, eligible dependents include your
spouse, domestic partner/civil union partner of same
or opposite gender, and children up to age 26. If your
child is mentally or physically disabled, coverage may
continue beyond age 26 once proof of the ongoing
disability is provided. Children may include natural,
adopted, and step-children, as well as children obtained
through court-appointed legal guardianship.
Please Note—All full-time associates
must complete the online Benefits
Enrollment both upon hire and during the
annual open enrollment, through UltiPro,
in order to be covered by Busey’s plans!
4
Enrollment and Eligibility
Enrollment and Eligibility Qualifying Life Status Events
It’s time to make some important decisions about A qualifying event is a change in your personal life
beneits for you and your family. In this guide, you have which may impact your eligibility or dependent’s
the opportunity to learn about your options for 2021 eligibility for beneits.
and make selections which best meet your needs and
the needs of your family members. Examples of some qualifying events include the
following:
Once elections are made, you are only able to change Change of legal marital status (e.g., marriage,
your coverage during the 2021 plan year if you divorce, death of spouse, legal separation)
experience a qualifying life status event. If you do
experience a qualifying event, it is your responsibility to Change in number of dependents (e.g., birth,
notify Human Resources within 30 days of the event. adoption, death of dependent, ineligibility due
Unfortunately, failure to notify Human Resources to age)
within 30 days prohibits your ability to change your Change in employment or job status
beneit election(s).
Eligible Associates
You may enroll in the Busey insurance plan if you
are a full-time associate. New hires are eligible for
beneits the irst of the month following 30 days of
employment.
Dependent Eligibility
As you become eligible for beneits, so do your eligible
dependents. In general, eligible dependents include your
spouse, domestic partner/civil union partner of same
or opposite gender, and children up to age 26. If your
child is mentally or physically disabled, coverage may
continue beyond age 26 once proof of the ongoing
disability is provided. Children may include natural,
adopted, and step-children, as well as children obtained
through court-appointed legal guardianship.
Please Note—All full-time associates
must complete the online Benefits
Enrollment both upon hire and during the
annual open enrollment, through UltiPro,
in order to be covered by Busey’s plans!
4
