Page 3 - Genesis Care 2022 Benefit Guide

Medical & Spending Voluntary Additional
Contents Prescription Dental Vision Accounts Life & AD&D Disability Benefits 401(k) Information Contacts

PRE-TAX BENEFITS AND

SPECIAL ENROLLMENTS

The medical, dental, vision, Flexible Spending Accounts and Health Savings Account benefits
offered by GenesisCare are covered under the IRS section 125 plan/premium only plan.
This plan allows your premium contributions to be taken out of your paycheck before taxes
are applied. This results in greater take home pay for you.
Because your share of the cost of the plan is taken from your paycheck on a pre-tax basis,
the IRS stipulates that you may only change your elections when a family status change takes
place or during open enrollment.

Changes to Your Benefits

Generally, you may only make or change your existing benefit elections as a new hire or during
the annual open enrollment period. However, you may change your benefit elections during the
year if you experience an event such as:
– Marriage, divorce or legal separation
– Birth or adoption of a child
– Loss or gain of other coverage by the employee or dependent
– Eligibility for Medicare or Medicaid
You have 30 days from the qualified life event to make changes to your coverage. To do so,
log in to BenefitExpress. Depending on the type of event, you may need to provide proof of the
event, such as a marriage license.
If you do not make the changes within 30 days of the qualified event, you will have to wait
until the next open enrollment period to make changes (unless you experience another
qualified life event). Remember if you change your benefit elections, your premiums will change.
Additionally, you may be responsible for retroactive deductions.

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