Posted on behalf of Sheryl Gordon
MetLife is the PEBB Program’s new life insurance carrier in 2017
The Health Care Authority (HCA) recently partnered with MetLife to provide increased life insurance benefits to eligible Public Employees Benefits Board (PEBB) Program members starting January 1, 2017.
Concurrent with the PEBB Program’s open enrollment, MetLife will hold a special, one-time open enrollment opportunity that will allow many PEBB Program subscribers to enroll in or increase their supplemental life insurance or supplemental accidental death and dismemberment (AD&D) insurance from November 1-30, 2016.
Some of the benefit changes for 2017 include:
- Employer-paid, basic life insurance for employees will increase from $25,000 in 2016 to $35,000 in 2017. Accidental death and dismemberment (AD&D) insurance will remain at $5,000. This increase is at no cost to the employee;
- Many PEBB members will be able to enroll in or increase their amount of life insurance during MetLife’s Open Enrollment (up to $500,000) without health questions and/or medical exams;
- Eligible employees can apply for amounts over $500,000 up to $1,000,000 with health questions and/or medical exams;
- Also changes in supplemental life insurance options for children and for retirees.You will receive much more information in your PEBB Program “For Your Benefit” newsletter which PEBB will send out on September 13th to all PEBB Program members.
You will receive much more information in your PEBB Program “For Your Benefit” newsletter which PEBB will send out on September 13th to all PEBB Program members
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