Health Insurance
The Plan provides comprehensive hospital and major medical insurance coverage. Participants can choose to go to PPO or non-PPO providers of medical services. When using a PPO provider, participants will pay a lower percentage of the co-insurance, a lower deductible, and a lower annual maximum co-insurance amount.
Once your application for insurance has been accepted, coverage will become effective on the first day of the month following two calendar months of affiliation with the Company. (For example, with a start date of February 14, coverage becomes effective May 1.)
The Company provides a prescription drug card plan as part of the health benefit program.
Owner/Operators have up to 31 days from the date they receive a safety clearance from the Company Safety Department in which to elect health coverage. Once made, the election is generally fixed until the next open enrollment period as designated by the Company. However, if undergoing a family status change (as defined in the Plan document), the participant may make a mid-year change in coverage (for example, the participant may change coverage from individual to family or from family to individual, add or delete dependents or revoke coverage), provided this is done within 31 days from the date of the change in family status. It is the participant's responsibility to contact the Company's Benefits Representative to determine if a family status change qualifies under the Plan document and IRS regulations and to make a change in coverage.
Dental Insurance
Participants will pay a percentage of the co-insurance and deductible based on the type of procedure performed.
Once your dental coverage application has been accepted, coverage will become effective on the first day of the month following two calendar months of your affiliation with the Company. (For example, with a Safety Department clearance date of February 14, coverage becomes effective May 1.)
Owner/Operators have up to 31 days from the date they receive a safety clearance from the Safety Department in which to elect dental coverage. Once made, the election is generally fixed until the next open enrollment period as designated by the Company.
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Vision Insurance
Participants have nationwide access to numerous vision care providers. It is to the participant's advantage to use a designated provider of services to receive maximum benefits.
Once your application has been accepted, coverage will become effective on the first day of the month following two calendar months of your affiliation with the Company. (For example, with a Safety Department clearance date of February 14, coverage becomes effective May 1.)
The Owner/Operator is automatically provided the annual examination benefit and does need to sign an application form. However, Owner/Operators desiring additional coverage for themselves or dependents, as described in the Plan Description, have up to 31 days from the date they receive a safety clearance from the Company Safety Department in which to elect additional vision coverage. Once made, the election is generally fixed until the next open enrollment period as designated by the Company.
Life Insurance
Owner/Operators purchase life insurance coverage with a face value of $20,000 up until the first month following one year of service, at which time the coverage will increase to $50,000. Premiums will increase with the increase in the policy face value. This Plan also offers an accelerated life benefit, payable in the event of a terminal illness and the ability to purchase additional voluntary life insurance for themselves or dependents.
Once your life insurance application has been accepted, coverage will become effective on the first day of the month following two calendar months of your affiliation with the Company. (For example, with an affiliation date of February 14, coverage becomes effective May 1.)
Owner/Operators must complete the insurance application form in order to purchase and receive group life insurance. Owner/Operators wishing to purchase additional voluntary life insurance through a payroll deduction should apply during the first 31 days of affiliation with the Company to guarantee coverage. Purchasing it on a later day may require medical underwriting.
Short-Term Disability Insurance
Disability coverage is for non-work related sickness or injury. The Short-Term Disability Plan has a maximum benefit period for a limited number of weeks, subject to a 30-day elimination period. The weekly benefit amount is generally 60 percent of the participant's weekly wage equivalent subject to a maximum weekly limit.
Owner/Operators must complete an enrollment application for Short-Term Disability benefits and pay the monthly premium. If elected, benefits become effective the first day of the month following one year of service.
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