Page 9 - 2015 Enrollment Guide
P. 9
9
Enhancements to the Dependent Life Plan
More coverage is available for spouses and children in 2015!
Under the Basic Life plan, Post automatically provides eligible full-time associates with life insurance coverage equal to 2x your
base salary and prior year’s bonus, rounded to the next $1,000. If you enroll in the Optional Employee Life plan, you are eligible to
elect life insurance coverage for your spouse and children under the Dependent Life plan. These plans are provided through Liberty
Mutual.
Your coverage options for each plan, along with the rates, are summarized in the following charts:
Optional Employee and Spouse Life Optional Child Life
PLAN FEATURE EMPLOYEE SPOUSE PLAN FEATURE EMPLOYEE Additional Benefits Information
$5,000 increments, not Amount of Insurance $5,000 increments, not to exceed
benefit election or $15,000
50% of the employee’s
covered children)
Amount of Insurance 1x, 2x, or 3x base to exceed the lesser of (Amount will be the same for all the lesser of 50% of the employee’s
annual salary
benefit election or
$50,000. Evidence of Insurability Not required
(Health Statement)
Guaranteed Issue $300,000 $20,000 Portability Included
Biweekly Rate
Required for late (for 1 or more children) $.055 per $1,000 of amount selected
entrants, amounts over Required for late
Guaranteed Issue,
Evidence of Insurability and annual enrollment entrants and amounts
increases greater than over Guaranteed Issue
1x the current level.
Accelerated Death 50% to a maximum of 50% to a maximum of
Benefit $500,000 $25,000
Ages 65-69: to 65% Ages 65-69: to 65%
Reduction Schedule Ages 70 & up: to 50% Ages 70 & up: to 50%
Conversion Included Included What is Not Changing for 2015*
Portability Included Included + Coverage and rates for the Cigna Dental PPO and VSP
Varies based on Varies based on Vision plans.
Biweekly Rates amount selected and amount selected and + Wellness and Tobacco-Free Credits.
age on 1/1/15 age on 1/1/15
Age on 1/1/2015 Rate per $1,000: Rate per $1,000: + Employer-paid benefits, such as Basic Life/Accidental
Less than 30 $0.028 $0.028 Death & Dismemberment, Disability, and the Employee
30-34 $0.032 $0.032 Assistance Program.
35-39 $0.042 $0.042
40-44 $0.060 $0.060 + Health Care and Dependent Care FSAs administered
45-49 $0.097 $0.097
50-54 $0.166 $0.166 through PayFlex.
55-59 $0.300 $0.300
60-64 $0.448 $0.448 + Employee Stock Purchase Plan.
65-69 $0.928 $0.928 *Changes to the Post Properties, Inc. 401(k) Plan effective January 1,
70 & over $1.320 $1.320 2015 will be communicated separately.
New Rate for MetLaw
The rate for the MetLaw program – group legal
services provided through Hyatt Legal Plans –
will be increasing from $9 to $9.69 per payroll.
Enhancements to the Dependent Life Plan
More coverage is available for spouses and children in 2015!
Under the Basic Life plan, Post automatically provides eligible full-time associates with life insurance coverage equal to 2x your
base salary and prior year’s bonus, rounded to the next $1,000. If you enroll in the Optional Employee Life plan, you are eligible to
elect life insurance coverage for your spouse and children under the Dependent Life plan. These plans are provided through Liberty
Mutual.
Your coverage options for each plan, along with the rates, are summarized in the following charts:
Optional Employee and Spouse Life Optional Child Life
PLAN FEATURE EMPLOYEE SPOUSE PLAN FEATURE EMPLOYEE Additional Benefits Information
$5,000 increments, not Amount of Insurance $5,000 increments, not to exceed
benefit election or $15,000
50% of the employee’s
covered children)
Amount of Insurance 1x, 2x, or 3x base to exceed the lesser of (Amount will be the same for all the lesser of 50% of the employee’s
annual salary
benefit election or
$50,000. Evidence of Insurability Not required
(Health Statement)
Guaranteed Issue $300,000 $20,000 Portability Included
Biweekly Rate
Required for late (for 1 or more children) $.055 per $1,000 of amount selected
entrants, amounts over Required for late
Guaranteed Issue,
Evidence of Insurability and annual enrollment entrants and amounts
increases greater than over Guaranteed Issue
1x the current level.
Accelerated Death 50% to a maximum of 50% to a maximum of
Benefit $500,000 $25,000
Ages 65-69: to 65% Ages 65-69: to 65%
Reduction Schedule Ages 70 & up: to 50% Ages 70 & up: to 50%
Conversion Included Included What is Not Changing for 2015*
Portability Included Included + Coverage and rates for the Cigna Dental PPO and VSP
Varies based on Varies based on Vision plans.
Biweekly Rates amount selected and amount selected and + Wellness and Tobacco-Free Credits.
age on 1/1/15 age on 1/1/15
Age on 1/1/2015 Rate per $1,000: Rate per $1,000: + Employer-paid benefits, such as Basic Life/Accidental
Less than 30 $0.028 $0.028 Death & Dismemberment, Disability, and the Employee
30-34 $0.032 $0.032 Assistance Program.
35-39 $0.042 $0.042
40-44 $0.060 $0.060 + Health Care and Dependent Care FSAs administered
45-49 $0.097 $0.097
50-54 $0.166 $0.166 through PayFlex.
55-59 $0.300 $0.300
60-64 $0.448 $0.448 + Employee Stock Purchase Plan.
65-69 $0.928 $0.928 *Changes to the Post Properties, Inc. 401(k) Plan effective January 1,
70 & over $1.320 $1.320 2015 will be communicated separately.
New Rate for MetLaw
The rate for the MetLaw program – group legal
services provided through Hyatt Legal Plans –
will be increasing from $9 to $9.69 per payroll.
