Open Enrollment for Health Plans - July 6th through July 17th
This is the time of year when you can make changes to your medical, dental and vision coverage, which are effective August 1st.
For this new plan year, we've made two enhancements to plan design.
- Vision: Increased frame allowance to $145 from $120.
- Life Insurance: Increased benefit to $50,000 from $20,000. If you're enrolled in the group medical or dental plan, you're automatically enrolled in the Company-paid basic life insurance plan at no additional cost. Now is a good time to designate or update your beneficiary form.
- All other plan benefits remain the same.
These changes, effective August 1, 2015 through July 31, 2016, are posted, click on "Open Enrollment" tab. An Open Enrollment package was also sent to your home using the most current address we have on file.
Only those of you who want to enroll, cancel, add or delete dependents, switch plans or make any other changes to your current medical, dental or vision coverage need to take action during Open Enrollment. Otherwise, your current elections will remain in place until 7/31/16.
If you want to participate, please make sure to send us the Open Enrollment Form no later than July 17, 2015 by scan attachment to email, fax to (818) 972-8992 or mail to Benefits, 3500 W. Olive Avenue #1000, Burbank, CA 91505.
COMING SOON IN THE NEXT FEW MONTHS - New Voluntary Benefits: You'll be able to elect certain voluntary benefits at group rates to supplement your current coverage (for example, permanent life insurance and pet insurance). If you choose to enroll, you'll be billed directly and pay the carrier for the full cost of coverage (not payroll deductions). The plans are portable so you can continue with these plans at the same cost even if your employment ends.