Page 4 - Parsons and Parsons Corp ODD EE Guide 1 1 17_FINAL 11.1.16
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Enrollment Information
Who May Enroll Paying For Your Coverage
Eligible employees include: Benefit cost information can be found on bswift. Please refer
• Regular full-time or part-time employees who work at to the information on bswift to determine your benefits
least 17.5 hours per week in an employment category payroll deductions. Your Medical, Dental, and Vision
that is eligible for healthcare coverage - Medical, Dental, contributions will be deducted from your paychecks before
Vision, Employee Assistance Program, Flexible Spending taxes are withheld which saves you tax dollars. Paying for
Accounts, Basic Life, Business Travel Accident, benefits before-tax means that your share of the costs are
International SOS, Personal Accident, Short Term deducted before taxes are determined, resulting in more take-
Disability, Long Term Disability, Commuter Benefits, home pay for you. As a result, the IRS requires that your
Critical Illness, Hospital Indemnity and Group Legal elections remain in effect for the entire year. You cannot drop
Program or change coverage unless you experience a qualifying event.
• Employees who work at least 30 hours per week on
average during a 12-month period in an employment Please note that unless your domestic partner qualifies as
category that is not eligible for healthcare coverage - your tax dependent for health care purposes under the
Medical Internal Revenue Code, Federal Tax Law treats the value of
• Employees must be actively working on the coverage the health coverage provided to domestic partners and his or
effective date. her dependents, if any, as income to you, the employee.
• All employees – Group Variable Universal Life, Long Term Employees are advised to review the consequences of electing
Care, Auto and Home Insurance, Hyatt Legal and Pet this benefit with your tax advisor. The premium cost for your
Insurance domestic partner and his/her children will be deducted from
• Employees can participate in the 401(k) administered by your paycheck on a pre-tax basis. The value of the premium
Wells Fargo. You can contact them directly at (800) 728- will result in “Imputed Income” to you. This amount will be
3123 or at www.wellsfargo.com. included as an additional wage paid to you on your pay stub
for the cost of the domestic partner’s premium on which you
Eligible dependents include: will pay Federal Taxes.
• Legally married spouse - Medical, Dental, Vision,
Employee Assistance Program, Personal Accident, Critical Changes To Enrollment
Illness, Hospital Indemnity, Long Term Care
• Registered domestic partner - Medical, Dental, Vision, Our benefit plans are effective January 1st through December
Employee Assistance Program, Personal Accident, Critical 31st of each year. There is an annual open enrollment period
each year, during which you can make new benefit elections
Illness, Hospital Indemnity, Long Term Care
• Children under the age of 26, regardless of student or for the following January 1st effective date. Once you make
marital status – Medical, Employee Assistance Program, your benefit elections, you cannot change them during the
year unless you experience a qualifying event as defined by
Long Term Care
• Children under the age of 23 - Dental, Vision, Personal the IRS. Examples include, but are not limited to the following:
•
Accident, Critical Illness, Hospital Indemnity • Marriage, divorce, legal separation or annulment
• Parents, Grandparents, Adult Children, Adult Siblings - • Birth or adoption of a child
Long Term Care A qualified medical child support order
• Death of a spouse or child
When You May Enroll • A change in your dependent’s eligibility status
As an eligible employee, you may enroll at the following • Loss of coverage from another health plan
times: • Change in your residence or workplace (if your benefit
• As a new hire, you may participate in the company’s options change)
benefits program on the first day of the month following • Loss of coverage through Medicaid or Children’s Health
date of fulltime employment. Insurance Program (CHIP)
• As a new hire, you are covered for Business Travel • Becoming eligible for a state’s premium assistance
Accident Insurance on your date of hire program under Medicaid or CHIP
• As a new hire, you will be covered for Basic Life the first
day of the month coinciding with or following 90 days of Please note that coverage for a new dependent is not
hire. automatic. If you experience a qualifying event, you have 31
• Each year, during open enrollment days to update your coverage. You may login to bswift to
• Within 31 days of a qualifying event as defined by the IRS update your dependent information as needed. bswift login
(see Changes To Enrollment) information is located on page 5 of this guide. If you do not
• You must be actively working on coverage effective date update your coverage within 31 days from the qualifying
in order to be eligible for Parsons’ benefit plans. event, you must wait until the next annual open enrollment
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