Page 6 - Example
P. 6
Eligibility and Enrollment
Who is eligible for beneits?
If you are a full-time employee of GLG or an intern (following 90 days of continuous employment for medical
beneits only) regularly scheduled to work at least 30 hours per week, you are eligible for coverage under the
GLG beneit plans described in this Beneits Guide.
If you qualify for beneits, you may also enroll your eligible dependents for applicable plans. Eligible
dependents include:
> Your spouse;
> Your domestic partner (Domestic partner coverage is available for same-sex couples and opposite sex
couples. In order for a domestic partner to be covered, you must complete an afidavit conirming your
eligibility. Contact HR Support for a copy of the afidavit.);
> Your child(ren) through age 26. The term child includes any of the following: natural child, stepchild,
disabled child, legally adopted child, a child placed for adoption, and a child for whom legal guardianship
has been awarded; and;
> New York State Residents: Coverage Continuation through age 29
• Parent must be enrolled on an active or COBRA policy
• Dependent must be unmarried
• Dependent does not have to live with a parent
• Dependent does not have to be inancially dependent on a parent
• Dependent does not have to be student
• Must not be eligible for coverage under any other group plan
• Dependent must have access to service area
Who pays for your beneits? How you’ll save money on your premiums
For most of your beneits, the cost will be shared between you and GLG. The premiums you pay for
medical, dental and vision coverage are deducted from your paycheck on a pre-tax basis. This means that
your premium is deducted from your paycheck before all federal and state income taxes are calculated.
Consequently, you will not pay taxes on the amount of these premiums, which saves you money.*
* Note: Since you don’t pay Social Security taxes on your contributions, your contributions may reduce your wages reported for Social Security taxes.
The medical premium for a Domestic Partner is treated as having been purchased with after-tax dollars.
When coverage begins for new employees
If you are a full-time employee, coverage for you and your dependents becomes effective on your date of
hire. If you are an Intern regularly scheduled to work at least 30 hours per week, medical only coverage for
you and your dependents becomes effective after 90 days of continuous employment.
When coverage ends
If your employment with GLG ends, your coverage will end on the last day of the month in which you
terminate. Depending upon your circumstances of your departure, you may be eligible to continue coverage
under COBRA.
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Who is eligible for beneits?
If you are a full-time employee of GLG or an intern (following 90 days of continuous employment for medical
beneits only) regularly scheduled to work at least 30 hours per week, you are eligible for coverage under the
GLG beneit plans described in this Beneits Guide.
If you qualify for beneits, you may also enroll your eligible dependents for applicable plans. Eligible
dependents include:
> Your spouse;
> Your domestic partner (Domestic partner coverage is available for same-sex couples and opposite sex
couples. In order for a domestic partner to be covered, you must complete an afidavit conirming your
eligibility. Contact HR Support for a copy of the afidavit.);
> Your child(ren) through age 26. The term child includes any of the following: natural child, stepchild,
disabled child, legally adopted child, a child placed for adoption, and a child for whom legal guardianship
has been awarded; and;
> New York State Residents: Coverage Continuation through age 29
• Parent must be enrolled on an active or COBRA policy
• Dependent must be unmarried
• Dependent does not have to live with a parent
• Dependent does not have to be inancially dependent on a parent
• Dependent does not have to be student
• Must not be eligible for coverage under any other group plan
• Dependent must have access to service area
Who pays for your beneits? How you’ll save money on your premiums
For most of your beneits, the cost will be shared between you and GLG. The premiums you pay for
medical, dental and vision coverage are deducted from your paycheck on a pre-tax basis. This means that
your premium is deducted from your paycheck before all federal and state income taxes are calculated.
Consequently, you will not pay taxes on the amount of these premiums, which saves you money.*
* Note: Since you don’t pay Social Security taxes on your contributions, your contributions may reduce your wages reported for Social Security taxes.
The medical premium for a Domestic Partner is treated as having been purchased with after-tax dollars.
When coverage begins for new employees
If you are a full-time employee, coverage for you and your dependents becomes effective on your date of
hire. If you are an Intern regularly scheduled to work at least 30 hours per week, medical only coverage for
you and your dependents becomes effective after 90 days of continuous employment.
When coverage ends
If your employment with GLG ends, your coverage will end on the last day of the month in which you
terminate. Depending upon your circumstances of your departure, you may be eligible to continue coverage
under COBRA.
2
