Domestic Partners Domestic partners and children of domestic partners are eligible to enroll as a dependent in some of Nordea Bank plans. You and your partner must meet specific criteria to qualify for domestic partner coverage. Tax consequences of providing health benefits to a domestic partner are subject to the guidelines of the Internal Revenue Code and may result in additional taxable income. An Affidavit will need to be completed. See People NY for more information/paperwork.
Changing Your Benefits (Qualifying Life Events) Per Internal Revenue Service (IRS) rules, employees enrolled in pre-tax benefit plans may only make elections or changes to their plans once per year with the exception of the following Qualifying Life Events:
• Marriage
• Birth, adoption or placement for adoption of an eligible child
• Divorce, or annulment of marriage
• Loss of spouse’s job or change in work status
(when coverage is maintained through spouse’s plan)
• A significant change in your or your spouse’s health coverage that is attributable to your spouse’s employment
• Death of spouse or dependent
• Loss of dependent status
• Employer-directed transfers to facilities out of the benefits network
• Becoming eligible for Medicare or Medicaid during the plan year
30 Days Qualifying Life Events allow you to make plan changes outside of the annual enrollment period. For any allowable changes, you must inform Human Resources within 30 calendar days of the qualifying event. Benefit changes that are requested due to a ‘change of mind’ cannot be allowed until the next annual enrollment period. For additional information concerning plan changes, please contact Human Resources.
2024-2025 Benefit Summary
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