Page 49 - SPM Employee Handbook
P. 49

Employee Handbook
Schultes Precision Manufacturing, Inc.
Health Insurance
SPM provides its regular full-time employees who have completed 60 days of employment with the option to elect for health insurance. Employees have the option of dependent coverage at their own expense. Medical plan benefits for eligible employees and their dependents are described in detail in the Summary Plan Description-SPM prepared by Human Resources that is available to all eligible employees. These benefits may be canceled or changed at the discretion of the Company, unless otherwise required by law.
The Company maintains health benefits during Family and Medical Leave Act (FMLA) leaves on the same terms as if the employee continued to work. Please contact Human Resources for clarification. In such circumstances, arrangements must be made by eligible employees to pay their share of the health insurance premium on a monthly basis to maintain insurance coverage. Please contact the Payroll Department to determine the amount of your contribution. The Company's obligation to maintain health benefits stops when:
• An employee informs the Company of an intent not to return to work at the end of the leave period; or
• An employee fails to return to work when the FMLA entitlement is exhausted; or
• An employee's premium contribution is past due.
Where appropriate, arrangements will need to be made for employees taking unpaid FMLA leave to pay their share of health insurance premiums. For example, if the group health plan involves co-payments by the Company and the employee, an employee on unpaid FMLA leave must make arrangements to pay his or her normal portion of the insurance premiums to maintain insurance coverage, as must to the Company. Such payments may be made under any arrangement voluntarily agreed to by the Company and employee.
The Company will be entitled to recover premiums paid to maintain health insurance coverage for an employee who fails to return to work from leave.
Please understand that plan eligibility does not necessarily mean coverage for all medical treatments or procedures. In addition, under changed circumstances you may be responsible for contributing to the cost of increased premiums. This benefit, as well as other benefits, may be canceled or changed at the discretion of the Company, unless otherwise required by law.
If you or a dependent become ineligible for benefits due to a change in work hours or through a life event, or you leave employment with SPM, you may have the right to continue your medical benefits under the Consolidated Omnibus Budget Reconciliation Act (COBRA). The Company will mail you information about your COBRA rights.
49






















































































   47   48   49   50   51