Page 11 - NextCare Holdings 2022 Benefits Guide
P. 11
2022
NextCare Holdings Benefits Guide
BASIC AND VOLUNTARY LIFE
Life insurance coverage is ofered through New York Life.
Life Insurance (NextCare Paid Voluntary Life Insurance
Benefit) Supplemental life insurance is ofered to employees,
which gives you the opportunity to buy life
NextCare provides a life insurance beneit in the insurance coverage for yourself, your spouse, or your
amount of one times your annual salary to a dependent children in addition to the life insurance
maximum of $250,000 (subject to age limitations). NextCare provides.
This coverage comes with an accidental death and
dismemberment beneit. NextCare pays for the Employee Benefit
premium of this beneit, therefore you have no
payroll deduction. Please elect a beneiciary for this $10,000 increments to a maximum of ive times
plan. A full summary of this beneit can be found on your annual salary (cap $500,000 and subject to age
the NextCare Intranet. limitations).
Dependent Benefits
Once you elect coverage for yourself, you can elect
coverage for your spouse and/or children.
X Spouse—$5,000 increments (cap $250,000 and
subject to age limitations)
X Children 2 weeks to 6 months—$100
X Children 6 months to 26 years (if student)—Flat
$10,000
The maximum the employee can purchase is
$150,000 without having to complete a personal
health application and the maximum the employee
can purchase for spouse coverage is $30,000 without
having to complete a personal health application.
An employee can elect voluntary child life without
electing voluntary spouse life. The voluntary spouse
or voluntary child amounts elected cannot exceed
50% of the voluntary employee beneit amount. The
cost of this coverage is determined by your age.
Please see the NextCare Intranet beneits page for
more details.
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NextCare Holdings Benefits Guide
BASIC AND VOLUNTARY LIFE
Life insurance coverage is ofered through New York Life.
Life Insurance (NextCare Paid Voluntary Life Insurance
Benefit) Supplemental life insurance is ofered to employees,
which gives you the opportunity to buy life
NextCare provides a life insurance beneit in the insurance coverage for yourself, your spouse, or your
amount of one times your annual salary to a dependent children in addition to the life insurance
maximum of $250,000 (subject to age limitations). NextCare provides.
This coverage comes with an accidental death and
dismemberment beneit. NextCare pays for the Employee Benefit
premium of this beneit, therefore you have no
payroll deduction. Please elect a beneiciary for this $10,000 increments to a maximum of ive times
plan. A full summary of this beneit can be found on your annual salary (cap $500,000 and subject to age
the NextCare Intranet. limitations).
Dependent Benefits
Once you elect coverage for yourself, you can elect
coverage for your spouse and/or children.
X Spouse—$5,000 increments (cap $250,000 and
subject to age limitations)
X Children 2 weeks to 6 months—$100
X Children 6 months to 26 years (if student)—Flat
$10,000
The maximum the employee can purchase is
$150,000 without having to complete a personal
health application and the maximum the employee
can purchase for spouse coverage is $30,000 without
having to complete a personal health application.
An employee can elect voluntary child life without
electing voluntary spouse life. The voluntary spouse
or voluntary child amounts elected cannot exceed
50% of the voluntary employee beneit amount. The
cost of this coverage is determined by your age.
Please see the NextCare Intranet beneits page for
more details.
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