Page 15 - 2022 Local 502 Mersen Benefit Guide

Life Insurance and Disability

Disability Insurance
Life and AD&D Insurance
Mersen provides Basic Life and AD&D insurance for Disability insurance provides income replacement
employees and offers Voluntary Life insurance election should you become disabled and unable to work due to a
options for employees and their dependents. non-work-related illness or injury. Mersen provides Short
Term disability coverage at no cost as shown below.
Basic Life and AD&D Insurance Coverage is automatic; you do not need to enroll.
If you are an eligible full-time employee, Mersen
automatically provides a Basic Life Insurance benefit of
$54,000 for all union members.
Coverage Benefit
Maximum Basic Life Benefit is $54,000.
Short-Term  A portion of income replacement to
Disability weekly maximum depending on
Maximum Accidental Death & Dismemberment benefit is
employment status. This company
$54,000.
provided benefit is up to (if approved) a
maximum of 26 weeks.
Voluntary Life and AD&D Insurance for you Long-Term  A percentage of your base salary, to a
Disability maximum of $10,000 per month if you
Employee are disabled and are unable to work and
 You can purchase Voluntary Life Insurance from one to depending on your employment status.
five times your basic annual earnings. Maximum  Benefits are offset with other sources
Voluntary Life Benefit is $500,000. * Rates are based on of income, such as Social Security and
age, tobacco use, gender and tier schedule of premium. Workers’ Compensation.
• Voluntary Life and AD&D Insurance
As an employee, coverage is determined by age,
tobacco use and coverage level. Please note, as an Hourly employees must elect LTD annually to have this
employee you must elect Voluntary coverage for coverage. If you are electing LTD for the first time during
yourself prior to electing other coverage for your open enrollment, you will be subject to an EOI (Evidence
dependents. of Insurability).
Spouse Child(ren)
 Employees can choose  Choice of $2,000, $4,000, Basic Earnings for Insurance Benefits
.5X, 1X, 1.5X, 2X or 2.5X $6,000, $8,000 or
Basic annual earnings are your annual base pay, excluding
Voluntary spouse $10,000 per child.
bonuses, commissions, overtime pay, shift differential pay or
coverage based on
any other fringe benefit or other compensation.
annual salary rounded up Children can receive this
to nearest $5,000. benefit up until the age of
 The maximum benefit is 26. Please reach out to HR for more information about your
50% of the employee benefits and eligibility.
Voluntary Life election.

Evidence of Insurability
If you elect Supplemental Life Insurance coverage when you first become eligible, you will need to provide evidence of good
health and receive approval from the insurance carrier if the amount of your Supplemental Life Insurance is greater than
$200,000.
*During Open Enrollment, ask your HR manager for New York Life Group Benefits Solutions forms to increase your benefit
more than 1x your current election for Supplemental Life and/or Dependent Life benefits.
*All elections over $200,000 WILL require an evidence of insurability medical examination. If over the age of 70, your Life, AD&D and
Supplemental Life entitlements are reduced.
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