Page 6 - Future Steps
P. 6
Paying for Coverage
You and GESM share in the cost of your beneits, with GESM paying the majority.
You pay your share through payroll deductions. When you pay premiums pre-tax,
you don’t pay federal, state (in most states), Medicare, or Social Security taxes on
your contributions. So a $100 contribution might actually cost you $80 with the tax
savings, or even less, depending on your tax bracket.
Other beneits, like lexible spending accounts and voluntary life insurance, are
funded by you, with the cost of the plan administration covered by the company.
Who’s Eligible for Benefits?
Eligible Employees
All employees working at least 30 hours or more a week are eligible to participate in
the beneit plans.
Eligible Dependents
Your legal spouse and dependent children up to age 26* are also eligible to
participate.
* Disabled dependent children can be covered beyond age 26 if they meet certain criteria. See your Human
Resources Representative for more details.
GESM
6
You and GESM share in the cost of your beneits, with GESM paying the majority.
You pay your share through payroll deductions. When you pay premiums pre-tax,
you don’t pay federal, state (in most states), Medicare, or Social Security taxes on
your contributions. So a $100 contribution might actually cost you $80 with the tax
savings, or even less, depending on your tax bracket.
Other beneits, like lexible spending accounts and voluntary life insurance, are
funded by you, with the cost of the plan administration covered by the company.
Who’s Eligible for Benefits?
Eligible Employees
All employees working at least 30 hours or more a week are eligible to participate in
the beneit plans.
Eligible Dependents
Your legal spouse and dependent children up to age 26* are also eligible to
participate.
* Disabled dependent children can be covered beyond age 26 if they meet certain criteria. See your Human
Resources Representative for more details.
GESM
6
