FAQs
I have a question
What is benefits open enrollment?
Each year, current employees who are eligible for Spitzer benefits have the chance to make changes to their benefits. This period is called benefits open enrollment.
In 2024, benefits open enrollment will go from May 20 – June 14.
I don’t want to make any changes. Do I still have to participate?
Even if you don’t want to make changes to your benefits, open enrollment is a good time to review your beneficiary information. Your beneficiary is the person you choose to receive your Spitzer benefits in the event of your death.
In addition, if you want to participate in a Health Savings Account (HSA), you have to actively enroll in that program each year. Current contributions will not continue after June 30, 2024, if you do not enroll in the HSA during open enrollment.
This year we are introducing three new benefits that are only available during Open Enrollment:
- Critical Illness insurance
- Accident insurance
- Hospital Indemnity insurance
If you don’t enroll in these benefits now, you will have to wait until next year’s Open Enrollment to choose these benefits.
When do my new benefit choices go into effect?
Benefit choices made during open enrollment will be in effect from July 1, 2024, until June 30, 2025.
What happens to my Life Insurance coverage once I leave the company? Can I take it with me?
Your coverage ends on the date of termination. You can choose to move or convert your coverage before your termination date so that there is no gap in your coverage.
Some plans may only allow you to move or change your coverage. Contact your plan provider to find out more.
Do I have to elect the same tier of coverage on all plans?
No. For example, if you choose to elect a medical plan with Employee plus Spouse, you are not then required to choose Employee plus Spouse for Dental or Vision.
You are free to enroll your dependents in any or all of the Health plans you elect.
When can I enroll for or make changes to my benefits?
Existing employees can enroll for or make changes to their benefits during open enrollment, usually during May each year. New employees can first enroll for benefits during their waiting period. Any employee may make changes to their benefits at another time if they experience a qualifying life event. Read more about Enrollment.
What happens to my HSA if I leave the company?
The dollars in your HSA are always yours, including those contributed by Spitzer Industries, even if you leave the company. You will be able to manage your HSA online at myaccounts.hsabank.com.
When does my deductible start over?
On January 1 each year.
What information do you need to enroll a dependent?
You will need the following information when you wish to enroll a dependent:
- Marriage License or Common Law Certificate (filed at a Courthouse)
- Birth Certificate, Adoption Records, Child Support Order, Medical Support Order, etc.
- Other legal documentation may be accepted, please see HR
- Original documentation must be provided, HR will photocopy and return the original
What are qualifying life events?
A qualifying life event includes:
- Marriage or divorce.
- Birth or adoption of a child.
- Change in a dependent’s eligibility status.
- Change in employment status for you or your dependents resulting in the loss/gain of coverage.
- A significant change in the cost or coverage of your dependent’s benefits.
- Change in the cost of dependent care
- Death of a dependent.