The IRS allows you to make certain benefit contributions through pre-tax salary reductions, which lowers your taxes and saves you money. Because of these tax savings, the IRS allows you to make benefits elections and changes only during certain times of the year:
- Within 30 days of your hire date for a new employee. (See the New Employee section for information on full-time benefits enrollment and part-time benefits enrollment.)
- During the annual open enrollment period.
- Certain changes are permitted within 30 days of a qualifying life or family status event.
- Supporting documentation is required when adding dependents to your coverage. It must be submitted within 30 days of their enrollment date, or they will be removed from your coverage.
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