Page 19 - 2022 Mersen Benefit Guide

Life Insurance and Disability

Disability insurance provides income replacement
Life and AD&D Insurance Disability Insurance
Mersen provides Basic Life and AD&D insurance for
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 equal to Coverage Benefit
up to two times your basic annual earnings (rounded to the
next highest $1,000) — at no cost to you. Short-Term  A portion of income replacement to
Disability weekly maximum depending on
employment status. This company
Maximum Basic Life Benefit is $300,000.
provided benefit is up to (if approved) a

maximum of 26 weeks. Some State
Maximum Accidental Death & Dismemberment benefit is benefits will coordinate with Cigna for
$300,000. non-work-related illness or injury.
 A percentage of your base salary, to a
Voluntary Life and AD&D Insurance for you Long-Term
Disability maximum of $10,000 per month if you
Employee are disabled and are unable to work and
depending on your employment status.
 You can purchase Voluntary Life Insurance from one to
 Benefits are offset with other sources
five times your basic annual earnings. Maximum
of income, such as Social Security and
Voluntary Life Benefit is $500,000. * Rates are based on
age, tobacco use, gender and tier schedule of premium. Workers’ Compensation.
• Voluntary Life and AD&D Insurance
Hourly employees must elect LTD annually to have this
As an employee, coverage is determined by age,
tobacco use and coverage level. Please note, as an coverage. If you are electing LTD for the first time during
employee you must elect Voluntary coverage for open enrollment, you will be subject to an EOI (Evidence
yourself prior to electing other coverage for your of Insurability).
dependents.
Basic Earnings for Insurance Benefits
Spouse Child(ren)
 Employees can choose  Choice of $2,000, $4,000, Basic annual earnings are your annual base pay, excluding
.5X, 1X, 1.5X, 2X or 2.5X $6,000, $8,000 or bonuses, commissions, overtime pay, shift differential pay or
Voluntary spouse $10,000 per child. any other fringe benefit or other compensation.
coverage based on
annual salary rounded up Children can receive this Please reach out to HR for more information about your
to nearest $5,000. benefit up until the age of benefits and eligibility.
 The maximum benefit is 26.
50% of the employee
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.
19
PLEASE NOTE: Employees covered by a collective bargaining agreement should refer to their union agreement to determine if they are eligible for these plans.