Pre-Tax Flexible Benefit Plan The Auto-Wares Group Flexible Benefit Plan enables all full-time employees to choose the benefits that best meet their financial security needs. Benefit options available under this plan include: • Medical and Prescription Drug Coverage • Dental Coverage • Voluntary Long-term Disability Income Coverage (post-tax as of January 1st, 2018) • Health Care Spending Account • Vision Coverage • Supplemental Accident, Hospital and Critical Illness Plan • Dependent Care Spending Account Eligibility for benefit coverage is the first day of the month following 60-days of continuous full-time employment. Details are available in the Benefit Plan documents on the Paycom Employee Self-Service under ‘Documents’ and then ‘Company Resources’. Health Care Benefits Auto-Wares Group makes available a health care plan for all full-time employees and their dependents. To be eligible, employees must complete sixty 60-days of continuous full-time employment, and coverage begins the first day of the month following that 60-day period. Upon eligibility, employees will be notified through Paycom to complete their electronic enrollment. If an employee or dependent does not wish to enroll at the initial time of eligibility, they may do so when there is a qualifying event or during the annual open enrollment period. Health care benefits coverage under the Auto-Wares Group plan terminates the day after an employee leaves employment. Details with respect to plan benefits, claim procedures, and limitations can be found in the summary plan description within Paycom. While an employee is receiving benefits under either Auto-Wares’ Disability Income Plans or Workers Compensation Insurance, the employer portion of the premium will be paid by Auto-Wares Group for a maximum of 26 weeks. After 26 weeks, insurance premiums are the responsibility of the employee. During the time away from work, the employee portion of the premium and the dependent coverage premium must be paid to the employer in order to continue coverage. If payment is not made to Auto-Wares Group, insurance coverage will be canceled. If employee or dependent health insurance coverage is terminated, those previously covered individuals will be provided an opportunity to continue coverage under COBRA. The employee or dependent will be responsible for the premium payment of that medical coverage.
15 Auto-Wares Group of Companies Handbook
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