Prevea Health

Life insurance

 
Life insurance

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Prevea Health automatically enrolls eligible employees under life and accidental death and dismemberment (AD&D) coverage through Prudential, at no cost to you. You can also purchase additional optional life and AD&D insurance for yourself, your spouse and/or dependents. Coverage is contingent on all those covered, meeting the plan’s eligibility requirements. Coverage may be subject to Evidence of Insurability and benefit amounts reduce starting at age 65. Please see below and your Certificate of Coverage for more information.

Employee life and AD&D insurance
  • 100% employer-paid
  • Base annual earnings are rounded to the next higher $1,000
  • Full-Time Employees working 30 or more hours per week:1 x base annual earnings up to $50,000 (minimum of $20,000)
  • Part-Time Employees working 20-29 hours per week:½ x base annual earnings up to $50,000 (minimum of $20,000)
  • Employee AD&D coverage will mirror employee’s Base Life Insurance coverage amount.
  • New hires please refer to the Benefit Memo given during new hire orientation (if applicable) &/or your amounts can be found on ADP

No evidence of insurability required

Employee voluntary life and AD&D insurance
  • 100% employee-paid
  • Can elect increments of $10,000 to a maximum of $500,000*
  • Voluntary Employee AD&D may also be elected at the same coverage levels as applies to Optional Employee Life Insurance

*Evidence of insurability required above $200,000

Dependent voluntary life insurance and AD&D
  • 100% employee-paid
  • Spouse: $10,000 increments to maximum of $250,000*
  • Child(ren): $500 – birth to 6 months, $10,000 – 6 months to age 19 (25 if a full-time student)
  • Optional Dependent AD&D may also be elected at the same coverage levels as applies to Optional Dependent Life Insurance

*Evidence of insurability required above $30,000
  
Life Insurance Coverages and Prevea Health’s Annual Open Enrollment
During Prevea Health’s annual open enrollment period, employees may be able to increase existing voluntary life insurance coverage. Dependent on the level of coverage requested, Evidence of Insurability may be required.  The cost of voluntary life insurance coverages can be found on my.adp.com. Please refer to your Certificate of Coverage or contact Human Resources for more information.