Page 47 - The Piper Associate Handbook - August 2015

The Piper
Associate Handbook
HOLIDAYS
The following holidays are recognized by The Piper and business offices will be closed:
New Year’s Day Memorial Day Independence Day
Labor Day Thanksgiving Day Christmas Day
ASSOCIATE BENEFITS
The information contained here on The Piper’s benefits is only a summary. For complete information on benefits, you should refer to the applicable formal documents and plan booklets, which will control in case of any discrepancy between this overview and the actual benefit.
Medical Insurance
The Piper provides medical insurance for all regular full-time associates who meet plan eligibility requirements. New associate coverage for major medical begins sixty-one (61) days after date of hire. Should you elect Family or Dependent coverage, they may be enrolled at the same time. If, at a later date, you add new dependents whether by birth, adoption or marriage and you wish to cover them, you have thirty-one (31) days to complete enrollment forms. Otherwise, a health statement, physical, lab tests and/or proof of insurabilitymayberequiredtoenrollfamilymembersafterthisthirty-one(31)dayperiod passes.(Refer toyourassociatebenefitsplanbooklet).
Should termination or a change in employment status from full-time to part-time occur, an associate's group insurance coverage will end on the day that the event occurs. At this time, your rights to continued health insurance benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) allow you to continue the group major medical and dental insurance policy at your expense. (Refer to COBRA in this section for more details.) You may also convert your life and disability coverage to an individual policy at the time of termination of coverage. (See your plan documents or Human Resources for more details)
The Piper pays a portion of the premium for medical insurance up to an amount specified annually. Family coverage is voluntary and is available, as well as, other voluntary supplemental insurance plans, when the Associate elects to pay the cost of such coverage by biweekly payroll deduction. Specific coverage, eligibility periods and benefits paid are outlined in the Insurance Plan Booklets provided during associate orientation or upon request, thereafter. For additional information, contact the Human Resources department.
COBRA Health Insurance Continuance
Under the federal law, The Piper is required to offer to covered associates and their covered family memberstheopportunitytoelecttemporaryhealthcarecontinuationcoverageatgroup rateswhencoverage under the plan would otherwise end due to certain qualifying events. This notice is intended to inform you (and any covered dependents) in a summary fashion of your options and obligations under the continuation coverage provisions of the law.
Qualifying Events
For covered Associates: If you are a covered associate in the health plan, you may be entitled to elect continuation coverage if you lose your group health plan coverage because of a termination of your employment (for reasons other than gross misconduct), or your hours of employment are reduced.
August 14, 2015 Page 47