How to Enroll If Your TACC is $60,000 or more
If your TACC in effect for a plan year is $60,000 or more and you meet the requirements outlined under "Eligibility" and you don't want to make any changes, you do not need to take action during Annual Enrollment.
If you'd like to change your Group LTD coverage election during Annual Benefits Enrollment, you'll receive information about the choices available to you and their costs at that time. You need to review your available choices carefully and enroll in the option that best meets your needs. You can make your elections through the Benefits Web Center on My Health or through HR Answers.
Please Note: Evidence of Insurability (EOI) will be required if you increase your coverage amount, see "Evidence of Insurability." If your EOI is approved by Prudential, your new coverage amount is effective as of January 1, assuming it has been approved as of that date. This coverage amount will remain in effect unless you elect to change it during a subsequent annual benefits enrollment (a future election to increase your coverage level would also be subject to EOI).
If you are increasing coverage, until you are approved, LTD benefits will be paid at the original (lower) coverage level you had before making your election increase.
If you do not enroll for LTD coverage when you are first eligible and then later choose to elect and are approved for coverage, you will not be covered for a claim due to a condition that predates your coverage effective date (see "Pre-Existing Condition Exclusion").
If you've just joined JPMorgan Chase, or you are newly eligible due to a work status change, your TACC is $60,000 or more and you are enrolling during your initial eligibility period, you can make your elections through the Benefits Web Center on My Health or through HR Answers. You must meet the actively-at-work definition in "Defined Terms" and the requirements outlined under "Eligibility", No Evidence of Insurability is required in these situations.
Your coverage effective date depends on whether you are a full-time or part-time employee. If you are a full-time employee, you need to make your choices within 31 days of your date of hire. If you are a part-time employee, you need to make your choices within 31 days before becoming eligible.
- If you are a full-time employee (regularly scheduled to work 40 hours per week), you may receive information about benefits enrollment after accepting a position with JPMorgan Chase but before your hire date. Your coverage will begin on the first of the month after your hire date, as long as you enroll before your hire date or within 31 days after your hire date.
- If you are a part-time employee (regularly scheduled to work at least 20 but less than 40 hours per week), your eligibility/coverage date will begin on the first of the month following your 60-day waiting period, and you will receive your enrollment materials within 31 days before becoming eligible for coverage. You need to enroll within 31 days before your eligibility date.
You can access your benefits enrollment materials online at My Health > New Hire Information.
During the 31-day election period, your Group LTD coverage is guaranteed and no health-related questions will be asked. Your next opportunity to enroll will be during Annual Benefits Enrollment and you will be required to submit evidence of insurability if you did not initially enroll or if you increase your coverage level.
If you are hired after October 1, you will be required to complete your newly eligible benefits enrollment elections for the current calendar year before making your enrollment elections the subsequent calendar year. The election for the current calendar year will be considered your first eligible period and no EOI will be required.