Page 4 - Skechers 2022 Benefits Guide

YOUR 2022 BENEFITS PROGRAM
Where you live, learn, work and play, you are at your best when you take care of yourself. That means different things to different people, such as staying fit, eating right, relaxing or doing the things you love to do. When it comes to your benefits, however, taking care of yourself and your family starts with one thing...taking the time to enroll in the options that are right for you.
SUMMARY OF BENEFITS AND COVERAGE (SBC), SUMMARY PLAN DESCRIPTION (SPD), SUMMARY ANNUAL REPORT (SAR)
Federal law requires Skechers to include SBCs, SPDs, and SARs for Skechers medical plans. You will find the documents on the online enrollment site at skechersbenefits.com in the Reference Center. This Skechers Benefit and Enrollment Guide provides a general overview
of available benefits to eligible employees effective January 1, 2022. It also includes enrollment instructions for how to make or change benefit elections.
CONSIDER YOUR NEEDS FOR 2022
Taking time to “do the math” may result in hundreds if not thousands of dollars of savings and benefits. Start by asking yourself these questions.
Do I have access to other group medical insurance? If yes, review and compare your Skechers medical insurance options and employee contributions to that of any other group medical insurance you may have access to. Keep in mind that plan limitations can and do limit the amount of coordination between plans.
Do I have enough health, life insurance and disability insurance to protect my family in the event of the unexpected? Not sure? Then use the tools and resources available to you to compare your options and determine which coverage is right for you.
MAKE INFORMED DECISIONS
Once you’ve reviewed your benefit options, reviewed the costs, and gathered your dependents’ information (Social Security numbers, dates of birth and addresses), make your benefit elections for 2022. See “Enrollment” section of this benefits guide for further instruction.
INVEST SOME TIME, GET THE RIGHT BENEFITS
Spend some time reviewing this expanded e-guide. Think of it as the smart store specialist who summarizes the key
product features, asks probing questions, and offers you advice as you make your decisions.
TAKE ACTION
We recommend that you review all of your benefits to make sure you have the right coverage. Remember you cannot change your benefits mid year, unless you have a qualified family status event. A qualified status change can include (but not be limited to) any of the following:
• Birth or adoption of a dependent
• Change in employee status
• Death of a dependent
• Marriage/domestic partner status/divorce/legal separation
• Change in employment status of spouse or domestic partner
• Loss of other coverage
• Enrolled child turning age 26
• Change in your employment status (FT PT & PT FT)
4 SKECHERS