Benefits Enrollment
The IRS allows employees to make certain benefit contributions through pre-tax salary reductions, which lowers their taxes and saves them money. Because of these tax savings, the IRS allows you to make benefits elections and changes only during certain times of the year:
- Within 31 days of your benefits-eligibility date for a new hire.
- During an annual open enrollment period.
- Certain changes are permitted within 31 days of a qualifying life or family status event.
Benefits that may only be selected upon your hire, during open enrollment or with life changes include:
- Medical Insurance
- Prescription Insurance
- Dental Insurance
- Vision Insurance
- Spending Accounts
- Life and AD&D Insurance
- Dependent Life Insurance
- Enhanced Long-Term Disability Insurance
Benefits that may be selected throughout the year or are automatically granted when you become eligible include:
- Tuition benefits
- Retirement savings
- Paid Time Off and Leaves of Absence
- Child Care Benefits
- Transportation Benefits
- Financial Benefits
- Mandated Benefits (workers' compensation, unemployment, social security)
- LifeWorks EAP