Life and Accidental Death & Dismemberment Insurance-AE

Our Life, Accidental Death & Dismemberment and Long-term Disability Insurance carrier will change to Aetna Life Insurance Company in 2018..  All current coverage and beneficiary designations remain the same.

Employer paid life insurance in excess of $50,000 is subject to tax under IRS guidelines.  See the Imputed Income Explanation for details.  Any additional taxable income will be calculated automatically beginning in January.  Note, if your Basic Life Insurance is less than $50,000 there is not taxable income.

There have been a few minor changes in rates for the Employee Voluntary Life and spouse /partner age brackets  as listed below.  There has been no change in dependent child life rates and AD&D rates.  If you or a covered spouse/partner changed age brackets you will see an increase in costs.  The age brackets and rates are listed below (changes are in bold):

                        2017 Spouse   2017 Employee  2018 Spouse  2018 Employee
Age              Monthly Rate per $10,000            Monthly Rate per $10,000
Under 25             $0.80             $0.60                     $0.60                      $0.60
25 – 29                  $0.60           $0.60                       $0.60                      $0.60
30 – 34                 $0.70           $0.80                       $0.70                      $0.80
35 – 39                 $0.90           $0.90                       $0.90                      $0.90
40 – 44                 $1.50           $1.22                       $1.50                      $1.20
45 – 49                 $2.40           $1.94                       $2.40                      $1.90
50 – 54                 $4.30           $3.25                       $4.30                      $3.30
55 – 59                 $6.90           $5.40                       $6.90                      $5.40
60 – 64                 $8.10           $6.60                       $8.10                      $6.60
65 – 69                 $13.80         $12.70                    $13.80                    $12.70
70+                      $37.40         $30.29>                   $37.40                    $30.30

To make any changes to your Life or AD&D coverage for your self or your dependents for January 1, 2018, please contact Human Resources during the Annual Enrollment Period – November 6th through November 21st.

(Instructions for making changes to your 2018 benefit elections)