Hourly Enrollment Guide - Pitney Bowes Project

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Life, Accident, Disability and Critical Illness Insurance If the unthinkable happens—like a sudden illness or death—you can protect yourself financially with Life, Accident, Disability and Critical Illness Insurance coverage. FREE Basic Coverage for all these plans is free Basic Coverage Your Pitney Bowes Flex$ cover basic coverage under these plans at no cost to you: Basic Life Insurance Pays a benefit if you die while employed by Pitney Bowes equal to 1 times your annual base pay. Business Travel Accident Insurance Pays a benefit if you have an accident or die while traveling on approved company business equal to 10 times your annual earnings, with a minimum benefit of $250,000 and a maximum benefit of $2 million. Short-Term Disability (STD) Replaces part of your income if you have to temporarily be away from work due to an injury or illness. Benefits begin after a set waiting period. Before you can receive a benefit, you must use some of your own time off first. The specific details of your STD Plan depend on which business unit you are in: Level One, Call Center, PBMS and PBGS employees are not eligible for STD benefits during your first year of service; PBI employees are eligible for STD payments up to 26 days, if approved, during your first year of service. After 21 weeks, this coverage either ends or your long-term disability (LTD) coverage begins. Long-Term Disability (LTD) Replaces 50% of your income if you are unable to work for a long period of time due to a non-work-related illness or injury. You determine if you want coverage paid with pretax or after-tax dollars. • Coverage paid with pretax dollars? You’ll pay taxes on the amount of your benefit, reducing the amount you receive. • Coverage paid with after-tax dollars? You pay taxes on the cost of coverage, which will be lower than the taxes on your benefit. Do you need more than basic coverage? 20 Supplemental Coverage For additional coverage, you can purchase the following: Supplemental Life Insurance For you: 1–5 times your pay; up to a maximum of $2 million. For your spouse/domestic partner: Up to $250,000 in $10,000 increments. For your children: $10,000 or $20,000
Supplemental Accidental Death and Dismemberment (AD&D) Insurance Accidental Death and Dismemberment (AD&D) Insurance protects your family financially if you or a covered dependent dies or loses a limb, eye or hearing in an accident. For you: 1–5 times your pay; up to a maximum of $2 million For your spouse/domestic partner: Up to $250,000 in $10,000 increments For your children: $10,000 or $20,000 Choosing Supplemental Life Insurance or AD&D? You may be required to submit proof of good health before your new coverage becomes effective. This process can involve urine and blood tests (screenings), along with a physical exam, to be scheduled by a physician. Supplemental Long-Term Disability Increase the 50% income replacement you already receive through basic LTD to 66 2 /3% of your monthly pay. You can choose to pay for coverage with pretax or after-tax dollars. Supplemental LTD is not available to Buffer employees. Critical Illness Insurance Critical Illness Insurance through MetLife complements your medical and disability income coverage. If you or a covered family member becomes critically ill, you receive a lump-sum benefit that you can use for anything—medical expenses, household expenses, rent/mortgage payments, child care and more. You can elect Critical Illness Insurance if you’re eligible for benefits, but you do not have to be in a Pitney Bowes medical plan. There’s no waiting period for coverage to begin. Coverage is optional and you pay the full cost. You can purchase coverage for yourself, your spouse or domestic partner and your child(ren) at a level of $10,000 each. Do you want financial help if you or a family member becomes seriously ill? Benefits are paid to each covered person as a percentage of the amount of coverage you elect up to the $30,000 maximum. You receive payment for the first incident of an illness. And for certain conditions (heart attack, coronary artery bypass graft surgery and cancer), if you face the illness again, you can receive a 50% reoccurrence benefit. There are also certain conditions such as cystic fibrosis and multiple sclerosis for which each covered person can receive a one-time benefit of 25%. And, if you receive a major organ transplant, you will receive 100% of your elected benefit amount. Critical Illness Insurance benefits are subject to lifetime maximum—$30,000 total benefit amount plus the $10,000 major organ transplant benefit. Once you reach the lifetime maximum, your coverage will end. Guaranteed issue No proof of good health is required when you purchase coverage for 2013. See www.pbprojectliving.com > U.S. Benefits > Financial for more details about Critical Illness Insurance. 21
Page 1: 2013 Benefits Enrollment Guide FOR
Page 4 and 5: The Basics: Eligibility, Whom You C
Page 6 and 7: Your Path to Good Health Our health
Page 8 and 9: Medical Plan Options All of our med
Page 10 and 11: Medical Plan: Highlights This chart
Page 12 and 13: Health Accounts A Health Account ca
Page 14 and 15: How the Health Accounts Work with Y
Page 16 and 17: PB Healthy Rewards Incentive Progra
Page 18 and 19: Dental Coverage Dental coverage hel
Page 22 and 23: More Pitney Bowes Benefits Pitney B
Page 24 and 25: More Pitney Bowes Benefits 401(k) P
Page 26 and 27: How to Enroll and Important Reminde
Page 29 and 30: Benefits Contact Information When y

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