Welcome to your Benefits Guide!
This guide is about your benefits, but it's also about you and how to protect your health, your lifestyle, your future and the people who are important to you. You'll find details about your benefits, as well as tips on how to make the most of them. You will also discover the programs that Asset Living provides to help you save time and money when you have to manage life's challenges or balance your work and home life. Each year, we strive to bring you the highest quality plans at the lowest possible costs. In designing our benefits, we strive to provide affordability and above all, choice to all our employees!
You can enroll in benefits:
- As a new hire
- During the annual Open Enrollment
- Within 30 days of a qualified life event
If you miss the enrollment deadline, or do not notify Human Resources within 30 days of a Qualified Life Event (QLE), you’ll need to wait until the next Open Enrollment (the one time each year that you can make changes to your benefits for any reason).
Changing your benefits?
Outside of Open Enrollment, you may be able to enroll or make changes to your benefit elections if you have a qualifying life event (QLE). QLEs include but not limited to:
- Change in legal marital status
- Change in number of dependents or dependent eligibility status
- Change in employment status that affects eligibility for you, your spouse, or dependent child(ren)
- Change in residence that affects access to network providers
- Change in your health coverage or your spouse’s coverage due to your spouse’s employment
- Change in an individual’s eligibility for Medicare or Medicaid
- Court order requiring coverage for your child
- “Special enrollment event” under the Health Insurance Portability and Accountability Act (HIPAA), including a new dependent by marriage, birth or adoption, or loss of coverage under another health insurance plan
- Event allowed under the Children’s Health Insurance Program (CHIP) Reauthorization Act (you have 60 days to request enrollment due to events allowed under CHIP).
Generally, elections must be made within 30 days of the qualifying life event (QLE). You are responsible for notifying Human Resources or your benefit team and providing the necessary documentation of the event. Don’t forget! Newborns will not be automatically added to coverage; you must take action within 30 days of the birth.
Who is eligible for benefits?
Employees:
All employees who work at least 30 hours per week and their eligible dependents are eligible for the benefits outlined in this guide.
COMMUNITY MANAGER / CORPORATE EMPLOYEES:
All benefits.
PROPERTY LEVEL:
All benefits. Medical plan enrollment is required to receive employer-paid Basic Life / AD&D and LTD plan coverage.
FOR EMPLOYEES HIRED THROUGH A PROPERTY ACQUISITION: Your benefits will begin the first of the month following your takeover date, provided you have been on the property for more than 30 days
FOR NEW HIRES: Your coverage begins on the first of the month following 30 days of employment. After your initial enrollment, you will have the opportunity to enroll again during open enrollment each year. If your employment ends, your coverage will end on the last day of the month of your termination. Depending upon the circumstances of your termination, you may be able to continue coverage under COBRA.
Eligible dependents:
- Your spouse (unless legally separated)
- Your children to age 26 regardless of student, marital, or tax dependent status
- Your children of any age who are physically or mentally unable to care for themselves
When can you enroll?
You may enroll during your new hire benefits period, during Open Enrollment or within 30 days of a qualified life event.
