BENEFIT INFORMATION
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CHOOSING YOUR BENEFITS
You are required to actively choose any benefits paid for by AAPL or that you pay for or share in the cost of. Your part of the cost is automatically taken out of your paycheck. There are two ways that the money can be taken out:
WHY DO I PAY FOR BENEFITS WITH BEFORE-TAX MONEY?
There is a definite advantage to paying for some benefits with before-tax money:
• BEFORE YOUR TAXES ARE CALCULATED – Medical, Dental, and Vision
Taking the money out before your taxes are calculated lowers the amount of your pay that is taxable. Therefore, you pay less in taxes.
• AFTER YOUR TAXES ARE CALCULATED – Life and Disability
MAKING CHANGES MAKING CHANGES
Generally, you can only change your benefit choices during the annual benefits enrollment period. However, you may be able to change your benefit choices during the plan year if you have a change in status including:
Your marriage
• Change in your work status that affects your benefits
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Your divorce or legal separation
• Change in residence or work site that affects your eligibility for coverage
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• Birth or adoption of an eligible child
• Change in your child’s eligibility for benefits
• Death of your spouse or covered child
• Receiving Qualified Medical Child Support Order (QMCSO)
• Change in your spouse’s work status that affects his or her benefits
If you fail to notify Human Resources within 30 days of a
family status change, you will be required to wait until the
next annual enrollment period to make benefit changes
unless you have another family status change.
WHEN COVERAGE ENDS
Coverage will stop on the last day of the month in which employment with the company ends.
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