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WELCOME TO VERSA-TAGS,
INC.
As a benefit eligible employee, you are offered a benefit
package which includes medical, life, long-term care, and
voluntary benefits where you can add dental, vision,
additional life, critical illness, cancer, accident, and
disability insurance for yourself, spouse, and/or children
where applicable.
Versa-Tags, Inc. offers you the choice of three medical
plans. The Base Plan has the lowest employee
contribution along with the lowest offered benefits. As
benefits increase in the Buy-Up and Enriched plans, you
will notice an increase in the contribution. Please pay
particular attention to the benefits offered under each plan
as there can be significant differences. Consider how you
and your family utilize medical care to determine which
plan is best for you.
As an eligible employee, you are also provided basic life
insurance. This protection provides a benefit of $20,000
for employees with 3 to 6 months of service; $50,000 for
employees with 6 to 12 months of service; and $100,000
for employees with 12 or more months of service. The life
benefit is provided at no cost to you.
Long-Term Care is also offered. Versa-Tags, Inc.
provides a base benefit at no cost to eligible
employees. You may elect additional coverage,
however, you will pay the additional cost. The cost is
based upon your coverage and your age at the time
you enter the plan.
Our dental and vision plans are voluntary. If you elect
these benefits, you are required to pay the full cost.
Versa-Tags, Inc. also provides the opportunity for
employees to purchase additional worksite benefits.
These benefits include Accidental, Critical Illness,
Cancer and Disability Insurance and are explained in
more detail in the following pages.
Voluntary life is an election you should consider during
your initial enrollment period. If you do not elect this
coverage when you are first eligible, you will be required
to provide evidence of insurability if you want to enroll at a
later time.
During your initial enrollment period you have the
opportunity to participate in each of the benefit plans. If
you elect to participate in the medical, dental, and vision
plans, the elections you make cannot be changed during
the benefit year (October 1, 2016 through September 30,
2017) unless you experience a major life event such as a
marriage, death, divorce, or birth/adoption of a child.
Please review all the benefit information. If you have any
questions, contact Carrie Myers in Human Resources.
WHAT’S INSIDE
This brochure provides a summary of your benefit options
and is designed to help you make your choices and enroll
for your coverage. If you have any questions after
enrolling, please call the benefit plan providers directly or
log on to their websites for more details.
Get the most out of your insurance
by using in-network
providers.