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Places for People, Inc.
2016 Annual Enrollment
2016 Page 8
Basic Life and Accidental Death & Dismemberment
As an employee of Places for People, Inc. you are provided a $50,000* Basic Life and Accidental Death &
Dismemberment benefit. Effective January 1, 2016, this benefit will be administered by Anthem. (* An age
reduction schedule applies.)
Now is a great time to ensure that Places for People has the most up to date beneficiary information on file for
you. You will be asked for this information during the enrollment process outlined on page 12.
Places for People will continue to pay this benefit on your behalf and it equates to approximately $76 per
employee per year.
Voluntary Term Life
Places for People will continue to offer Voluntary Term Life insurance to all eligible employees effective
January 1, 2016, through Anthem. You must first purchase coverage on yourself in order to purchase
additional coverage for your dependents.
IMPORTANT!
If you did not enroll in the voluntary life program when you were first eligible and you have not
been previously declined for coverage, you can do so now for $10,000 of coverage without answering
medical questions! For any amount over $10,000 you will be required to completed a medical questionnaire.
If you elected at least $10,000 of additional coverage when you were
first eligible, you have the opportunity to increase your existing amount
of coverage by one increment without having to answer medical
questions, so long as you or your spouse have not been previously
declined for coverage. Your additional coverage will automatically be
approved.
Below is a reminder of the maximum coverage levels and Guarantee
Issue amounts.
EMPLOYEE COVERAGE
Employees may elect coverage in increments of $10,000 up to 5 x
Salary or a maximum of $500,000 whichever is less. The Guarantee
Issue amount for newly eligible employees is $150,000.
SPOUSE COVERAGE
Spousal coverage is available in $5,000 increments not to exceed 50%
of the employee amount up to a maximum of $250,000. The
Guarantee Issue amount for newly eligible spouses is $20,000.
CHILDREN
Coverage is available at a maximum of $10,000 for children who are 6
months and older. The monthly cost is $2.00 per $10,000 of coverage.
Age reductions apply to all employee and spouse benefit amounts
beginning at age 65. Spouse rates are based on the employee’s age.
VOLUNTARY LIFE
EMPLOYEE MONTHLY
CONTRIBUTION
Age Band
Employee
Rate per
$1,000
Spouse
Rate per
$1,000
Under 24
$0.07
$0.07
25-29
$0.07
$0.07
30-34
$0.11
$0.11
35-39
$0.15
$0.15
40-44
$0.19
$0.19
45-49
$0.29
$0.29
50-54
$0.521
$0.521
55-59
$0.988
$0.988
60-64
$1.279
$1.279
65-69
$3.821
$3.821
70-74
$3.821
$3.821
75+
$3.821
$3.821