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Important Note 2019 UPDATES
For the remainder of 2019, every TheBANK is committed to offering you the most competitive beneits
man, woman, and child is required
to have medical coverage . If you package. The employee beneits programs described in this booklet are
do not have some type of medical designed to promote and maintain good health, help meet the cost of
coverage, you will be subject to an illnesses and accidents, and help provide inancial security for employees
IRS penalty .
and beneiciaries.
If you meet TheBANK’s eligibility
for medical coverage and do Please note this is a summary of the beneits and does not provide all
not currently have any medical details about the various beneit plans. Please contact your local Human
coverage, you may want to
consider obtaining coverage under Resources representative if you have any questions or concerns.
TheBANK’s medical plan . This
enrollment is your opportunity to Changes to the Benefits Program for the Remainder
obtain medical coverage for you
and your dependents, if you and/ of 2019
or your dependents do not currently This year, there will be a few changes to the employee beneits program.
have any medical coverage . This
will be your only opportunity to New plan year—we are excited to announce we will be switching
elect medical coverage under
TheBANK’s plan outside of a when we join Busey’s plan we will switch from a July 1 renewal date
qualifying life event (QLE) . A QLE, to a January 1 renewal date in 2020. This change will make planning
such as marriage, birth or adoption for your future healthcare needs a little easier, as all plans and
of a child, divorce, death, or loss of
current medical coverage are the deductibles will coincide with the calendar year.
only exceptions to change coverage In order to move to a January 1 plan year, we will be renewing our
in the middle of a plan year .
current plan offerings for 6 months (July 1 to December 31).
Active enrollment—this means if you wish to have coverage for
medical/prescription drug, dental, vision, voluntary life insurance,
disability, and/or worksite beneits, you MUST log online to enroll by
May 31, 2019. If you do not enroll in beneits by 8:00 p.m. on May
31, 2019, your current beneits will not carry over to July 1, 2019 and
will terminate June 30, 2019.
Busey will hold another open enrollment in which you will have the
option to make elections for a January 1, 2020, effective date; more
information will be forthcoming.
A new structure will be implemented effective January 1, 2020, which
will provide additional options to more closely tailor your coverage
to the needs of your personal and family situation.
2 2019 Benefits Enrollment
For the remainder of 2019, every TheBANK is committed to offering you the most competitive beneits
man, woman, and child is required
to have medical coverage . If you package. The employee beneits programs described in this booklet are
do not have some type of medical designed to promote and maintain good health, help meet the cost of
coverage, you will be subject to an illnesses and accidents, and help provide inancial security for employees
IRS penalty .
and beneiciaries.
If you meet TheBANK’s eligibility
for medical coverage and do Please note this is a summary of the beneits and does not provide all
not currently have any medical details about the various beneit plans. Please contact your local Human
coverage, you may want to
consider obtaining coverage under Resources representative if you have any questions or concerns.
TheBANK’s medical plan . This
enrollment is your opportunity to Changes to the Benefits Program for the Remainder
obtain medical coverage for you
and your dependents, if you and/ of 2019
or your dependents do not currently This year, there will be a few changes to the employee beneits program.
have any medical coverage . This
will be your only opportunity to New plan year—we are excited to announce we will be switching
elect medical coverage under
TheBANK’s plan outside of a when we join Busey’s plan we will switch from a July 1 renewal date
qualifying life event (QLE) . A QLE, to a January 1 renewal date in 2020. This change will make planning
such as marriage, birth or adoption for your future healthcare needs a little easier, as all plans and
of a child, divorce, death, or loss of
current medical coverage are the deductibles will coincide with the calendar year.
only exceptions to change coverage In order to move to a January 1 plan year, we will be renewing our
in the middle of a plan year .
current plan offerings for 6 months (July 1 to December 31).
Active enrollment—this means if you wish to have coverage for
medical/prescription drug, dental, vision, voluntary life insurance,
disability, and/or worksite beneits, you MUST log online to enroll by
May 31, 2019. If you do not enroll in beneits by 8:00 p.m. on May
31, 2019, your current beneits will not carry over to July 1, 2019 and
will terminate June 30, 2019.
Busey will hold another open enrollment in which you will have the
option to make elections for a January 1, 2020, effective date; more
information will be forthcoming.
A new structure will be implemented effective January 1, 2020, which
will provide additional options to more closely tailor your coverage
to the needs of your personal and family situation.
2 2019 Benefits Enrollment
