New Employee Benefits Enrollment - Dow Corning
New Employee Benefits Enrollment - Dow Corning
New Employee Benefits Enrollment - Dow Corning
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
ACCIDENTAL DEATH & DISMEMBERMENT (AD&D)<br />
In the case of a death, a number of additional benefits are also provided through the plan. Some<br />
examples are:<br />
� Survivor benefit – in addition to any other benefits payable, provided the employee has a<br />
surviving spouse, domestic partner and/or surviving dependent children. The benefit will be one<br />
percent of the principal amount, per month for six months.<br />
� Child care benefit – to assist with the costs related to a surviving child’s enrollment in a<br />
qualified child care center. The benefit will be five percent of the principal amount (up to $5,000<br />
per year) for up to four years for each dependent child enrolled in a qualified child care center.<br />
� Education benefit – to assist with costs related to a surviving child’s enrollment in a qualified<br />
higher education program. The benefit will be five percent of the principal amount (up to $5,000<br />
per year) for up to four years for each surviving child enrolled in a qualifying higher education<br />
program.<br />
� Seat belt and air bag benefits – if the insured person dies in an automobile accident in which a<br />
seat belt was in proper use and the automobile was equipped with an airbag for that location in<br />
the car. The benefit will be 20 percent of the principal amount, up to $50,000.<br />
You should know…<br />
� If your spouse or domestic partner is an <strong>Employee</strong> or Retiree of <strong>Dow</strong> <strong>Corning</strong>, your spouse or<br />
domestic partner may enroll for coverage under your plan, you may enroll for coverage under<br />
your spouse’s or domestic partner’s plan or you may both enroll individually for the maximum<br />
amount of coverage. However, you may not enroll for coverage under both plans to receive<br />
double coverage. If you both enroll individually, children are covered under the parent with the<br />
highest level of coverage.<br />
Annual <strong>Employee</strong> Contribution for 2008<br />
AD&D <strong>Employee</strong><br />
$ 2.16 per $10,000 of coverage<br />
Waiver - $ 0<br />
AD&D Spouse or Domestic Partner*<br />
$ 2.16 per $10,000 of coverage<br />
Waiver - $ 0<br />
* Per IRS regulations, <strong>Dow</strong> <strong>Corning</strong> cannot withhold benefit premiums for a domestic partner on a pre-tax basis.<br />
19