BENEFIT INFORMATION
Benefit
Who pays the cost?
MicroLumen pays 100% of the cost of medical coverage. MicroLumen reimburses up to $3,500 of the deductible, after you pay the first $500. MicroLumen offers dental coverage on a voluntary basis. You are responsible for 100% of the cost. MicroLumen reimburses employees up to $400 per year for dental bills.
Medical Insurance
YOUR BENEFITS PLAN
MicroLumen offers a variety of benefits allowing you the opportunity to customize a benefits package that meets your personal needs. In the following pages, you’ll learn more about the benefits offered. You’ll also see how choosing the right combination of benefits can help protect you and your family’s health and finances – and your family’s future.
Dental Insurance
MicroLumen provides vision coverage on a voluntary basis. You are responsible for 100% of the cost.
Vision Insurance
Basic Life Insurance
MicroLumen pays 100% of the cost for Basic Life coverage.
MicroLumen provides you the option to purchase additional life insurance for yourself, spouse, and child(ren). This is offered on a voluntary basis. You are responsible for 100% of the cost.
Voluntary Life Insurance
Short & Long Term Disability
MicroLumen pays 100% of the cost for employee disability coverage.
MicroLumen offers a variety of voluntary worksite benefits for you to choose from. You are responsible for 100% of the cost. Please refer to page 10 for product overview.
Worksite Benefits
ELIGIBILITY
All Regular full-time employees are eligible to join the MicroLumen Benefits Plan on the 1st of the month following 30 days. “Regular Full-Time Employees” must be regularly scheduled and working at least 30 hours per week.
You may also enroll your dependents in the Benefits Plan when you enroll.
Eligible dependents include:
Your legal spouse
•
• Your married or unmarried natural children, step- children living with you, legally adopted children and any other children for whom you have legal guardianship, who are:
WHEN CAN YOU ENROLL?
You can sign up for Benefits at any of the following times:
► Under 26 years of age;
• After completing your initial eligibility period; • During the annual open enrollment period; • Within 30 days of a qualified family- status change. If you do not enroll at one of the above times, you may enroll during the next annual open enrollment period.
► A dependent who is older than 26 years of age, but less than 30 years of age may be eligible for medical benefits. To be eligible, a Dependent must:
• Be unmarried and not have dependents of his or her own; AND
Be a resident of Florida or a student; AND
•
Not have coverage of their own, or covered under any other plan, including Medicare
•
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