Page 3 - Kagan Benefit Guide Out of CA.pub
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Enrollment Information
Who May Enroll
If you are a regular full‐ me team member working at least 30 hours per week, you may par cipate in Kagan’s benefits program
and if you enroll, you may also enroll your eligible dependents. Your eligible dependents include:
Legally married spouse
Registered domes c partner
Children under the age of 26, regardless of student or marital status
When You Can Enroll
As an eligible team member, you may enroll at the following mes:
As a new hire, you may par cipate in the company’s benefits program on the first day of the month following the comple on
of 60 days of full‐ me employment
Each year, during open enrollment
Within 30 days of a qualifying event as defined by the IRS (see Changes to Enrollment below)
Current team members may enroll in voluntary life and AD&D and disability insurance at any me, subject to proof of good
health and carrier approval. New team members may enroll when first eligible and bypass health ques ons up to the
guaranteed issue amounts.
Paying For Your Coverage
The $10,000 Principal life insurance and $25,000 Anthem life insurance benefits are provided at no cost to you and are paid
en rely by Kagan. You and the company share in the cost of the medical, dental and vision benefits you elect. Kagan contributes
80% to your cost and 55% to the dependent cost of these plans. Any disability or addi onal life insurance benefits you elect will be
paid by you at discounted group rates. Your medical, dental, and vision contribu ons are deducted before taxes are withheld
which saves you tax dollars. Paying for benefits before‐tax means that your share of the costs are deducted before taxes are
determined, resul ng in more take‐home pay for you. As a result, the IRS requires that your elec ons remain in effect for the
en re year. You cannot drop or change coverage unless you experience a qualifying event.
Changes to Enrollment
Marriage, divorce, legal separa on or annulment Change in your residence or workplace (if your benefit
Birth or adop on of a child op ons change)
A qualified medical child support order Loss of coverage through Medicaid or Children’s Health
Death of a spouse or child Insurance Program (CHIP)
A change in your dependent’s eligibility status Becoming eligible for a state’s premium assistance
Loss of coverage from another health plan program under Medicaid or CHIP
Coverage for a new dependent is not automa c. If you experience a qualifying event, you have 30 days to update your coverage.
Please contact Becca immediately following a qualifying event to complete the appropriate elec on forms as needed. If you do not
update your coverage within 30 days from the qualifying event, you must wait un l the next annual open enrollment period to
update your coverage.
Online Carrier Resources
Take advantage of the online resources available through our insurance carriers. You can
locate network providers, manage your claims, obtain health and wellness informa on, and
much more!
Insurance carrier website addresses are located on page 10 of this guide.
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