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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