WELCOME YOUR BENEFITS GUIDE
Your benefits are an important part of your overall compensation. We are
Inside Cost of Benefits . . . . . . . . .
pleased to offer a comprehensive array of valuable benefits to protect your health, your family & your way of life. This guide answers some of the basic questions you may have about your benefits at Wolter. Please read it carefully, along with any supplemental materials you receive.
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Medical Plan . . . . . . . . . . . . .
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When Coverage Begins ▶ New Hires: You must complete the enrollment process within 30 days of your date of hire. If you enroll on time, coverage is effective on the first of the month following thirty days after your date of hire. If you fail to enroll on time, you will NOT have benefits coverage (except for company-paid benefits). Eligibility You are eligible for benefits if you work 30 or more hours per week. You may also enroll your eligible family members under certain plans you choose for yourself. Eligible family members include: ▶ Your legally married spouse ▶ Your children who are your biological children, stepchildren, adopted children or children for whom you have legal custody (age restrictions may apply). Disabled children age 26 or older who meet certain criteria may continue on your health coverage.
Making Changes To make changes to your benefit elections, you must contact HR within 30 days of the qualified life event (including newborns). Be prepared to show documentation of the event such as a marriage license, birth certificate or a divorce decree. If changes are not submitted on time, you must wait until the next Open Enrollment period to make your election changes. during the year. Following are examples of the most common qualified life events: ▶ Marriage or divorce ▶ Birth or adoption of a child ▶ Child reaching maximum age limit ▶ Death of a spouse or child ▶ You lose coverage under your spouse’s plan ▶ You gain access to state coverage under Medicaid or CHIP Choose Carefully! Due to IRS regulations, you cannot change your elections until the next annual Open Enrollment period, unless you have a qualified life event
Dental Plan . . . . . . . . . . . . . .
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Vision Plan . . . . . . . . . . . . . .
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Life and AD&D . . . . . . . . . .
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Disability Insurance . . . . .
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Critical Illness . . . . . . . . . . .
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EMPLOYEE CONTRIBUTIONS SUMMARY
Accident . . . . . . . . . . . . . . . .
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Pet Insurance . . . . . . . . . . .
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Paid Time Off . . . . . . . . . . .
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Cost of Benefits Your contributions toward the cost of benefits are automatically deducted from your paycheck before taxes. The amount will depend upon the plan you select and if you choose to cover eligible family members. Please refer to the chart below for your contributions.
Additonal Perks & . . . . . . . Incentives
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Contact Information . . . . .
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Employee Only
Employee + Spouse
Employee + Child(ren)
Benefit
Family
Medical
$135.73
$267.83
$256.35
$411.48
Enrollment Complete your enrollment on-line through Maxwell Health. www.member.maxwellhealth.com
Dental
$26.74
$52.86
$94.46
▶ Open Enrollment: Changes made during Open Enrollment are effective from January 1 to December 31, 2024.
Vision
$7.04
$14.08
$14.37
$21.41
Voluntary Life
see page 9
Required Information—When you enroll, you will be required to enter a Social Security number (SSN) for all covered dependents. The Affordable Care Act (ACA), otherwise known as health care reform, requires the company to report this information to the IRS each year to show that you and your dependents have coverage. This information will be securely submitted to the IRS and will remain confidential.
Voluntary AD&D
see page 9 of Unified Example
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