Benefits Enrollment & Reference Guide - Harford County Public ...

Basic Life Insurance and Accidental Death and
Dismemberment (AD&D) Insurance
A group life and accidental death and dismemberment
insurance program is available to all benefit eligible
employees of Harford County Public Schools through
ReliaStar Life Insurance Company ING as a financial
resource to protect their families.
Basic Life and AD&D insurance allows an employee
to purchase a benefit equal to one times their annual
earnings (rounded up to the nearest $1,000), minimum
of $8,000 up to a maximum of $300,000. AD&D
provides financial protection for you and your family
against expenses associated with accidental death or
injury. A reduced benefit is payable should you become
dismembered as a result of an accident.
Supplemental Life Insurance
Supplemental Life Insurance allows you to purchase an
additional amount of life insurance on yourself equal
to 1x your salary (for a total of 2x salary, minimum
$16,000 up to a maximum of $300,000.
Eligibility
You will be eligible for coverage on the first day of the
month following your date of hire.
If you do not enroll within 31 days after becoming eligible
the following limitations will apply to a later enrollment:
1.You must submit Evidence of Insurability; and
2. You may not enroll until an Annual Open
Enrollment Period.
If you apply for coverage during an Annual Open Enrollment
Period the coverage will start the later of the date ReliaStar
Life/ING approves your Evidence of Insurability or July 1st
following the Annual Enrollment Period.
Cost of Coverage
The Board pays 90% of the cost of Basic Life & AD&D
Insurance. The employee is responsible for 100% of the
cost of Supplemental coverage. The current monthly
cost of Basic Life & AD & D is $0.22 cents per thousand
dollars of coverage. Supplemental is $0.24 per thousand
dollars of coverage.
The value of life insurance coverage in excess of
$50,000 is considered imputable taxable income which
is reported on your W-2 form at the end of the year.
Harford County Public Schools – Benefits Enrollment & Reference Guide 57