wfn.org | Enrollment window opens for Board of Pensions Optional Death

[PCUSA NEWS <PCUSA.NEWS@ecunet.org>]

Note #6753 from PCUSA NEWS to PRESBYNEWS:

Benefits program
13-July-2001
01238

Enrollment window opens for Board of Pensions Optional Death Benefits
program

New additions include spouse and dependent coverage and tobacco-free
discount rates

by Jerry L. Van Marter

PHILADELPHIA - The Presbyterian Church (U.S.A.) Board of Pensions (BOP) has
created an open enrollment period of Oct. 1-Nov. 15 for its newly expanded
Optional Death Benefits program.

Effective Jan. 1, 2002, the program will add:

* Higher coverage levels - $150,000 and $200,000; 
* Coverage for spouses at $25,000 or $50,000; 
* Coverage for dependent children at $5,000 or $10,000; and
* Lower rates for participants who don't use tobacco products 

This program is in addition to the other death benefits under the Benefits
Plan of the Presbyterian Church (U.S.A.).

During the open enrollment period, eligible members and their spouses may
enroll for the minimum level of coverage without providing evidence of
medical insurability. Similarly, currently participating members may also
increase their level of coverage one level without providing evidence of
medical insurability.

The waiving of the medical underwriting requirement for one level of
coverage applies only to this open enrollment period. It is a one-time
offer.

During this open enrollment, all members, including those currently
enrolled, will be asked to declare whether or not they use tobacco products.
Members who do not use tobacco products can take advantage of the new lower
tobacco-free rates starting Jan. 1.

Members who use tobacco products now, but quit and remain tobacco free for
12 months, may move to the tobacco free rates after they notify the Board.
Current participants who use tobacco have a two-year window at the 2001
rates (2002 and 2003), then the tobacco-user rates apply starting January 1,
2004.

Dues are also based on the member's age. In the first year of participation
in the program, the annual charges are based on the participant's age on the
date the coverage begins. In subsequent years, the charges are recalculated
annually based on the member's age on January 1 of that year.
All eligible dependent children, no matter how many in a family, are covered
by the same rate.

(Information furnished by Karen Babik, BOP director of communications,
public relations and marketing)

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