UPHS_Enrollment_Guide_FINAL
UPHS_Enrollment_Guide_FINAL
UPHS_Enrollment_Guide_FINAL
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Print this <strong>Guide</strong><br />
Human Resources/<br />
Benefits Locations<br />
Making Changes<br />
During the Year<br />
Contact<br />
Information<br />
Search this<br />
Document<br />
><br />
Welcome What’s New Cost for Coverage Plan Highlights<br />
Carewise Health<br />
Programs<br />
Medical<br />
Behavioral Health<br />
Prescription Drug<br />
Vision<br />
Dental<br />
Flexible Spending<br />
Accounts (FSAs)<br />
Life Insurance<br />
Dependent Life<br />
Insurance<br />
AD&D Coverage<br />
Disability<br />
Legal Notices<br />
Welcome > Life Insurance<br />
Life Insurance<br />
The cost for life insurance is based on your coverage option, base pay and your<br />
age. If you leave <strong>UPHS</strong>, you may convert your coverage to an individual policy<br />
within 30 days of your termination date.<br />
Your Coverage Options:<br />
Core Coverage<br />
• All benefit-eligible employees may elect <strong>UPHS</strong>-provided Core Coverage of 1x<br />
your base pay at no cost to employees.<br />
• You can elect to opt out of Core Coverage.<br />
Supplemental Coverage<br />
• You can also choose employee-paid Supplemental Coverage of 1x, 2x, or 3x<br />
your base pay. However, you must elect Core Coverage to elect<br />
Supplemental Coverage.<br />
• Premiums for Supplemental Coverage will be deducted from your paycheck<br />
on an after-tax basis.<br />
Combined maximum employee life insurance coverage amount (<strong>UPHS</strong>-provided<br />
Core Coverage plus Supplemental Coverage) is $1,000,000.<br />
Imputed Income for<br />
Core Coverage<br />
Under IRS rules, you must<br />
pay taxes on the premium<br />
value of <strong>UPHS</strong>-paid Core<br />
Coverage over $50,000.<br />
This is called imputed<br />
income and will be shown<br />
on your pay stub. The IRS<br />
determines the amount of<br />
this tax. Note that imputed<br />
income rules do not apply<br />
to AD&D, supplemental<br />
and dependent life<br />
insurance benefits.
Change language