Originally Posted by
KnightFlyer
Help me translate the FDX MEC Life Plan email and what the best game plan is.
If you have the current CBA Option Life (Pilot) $300k + $50k spouse and want to keep the same coverage, you can enroll in the FDX MEC Life plan and receive the same coverage but pay less monthly and avoid taxes on imputed income.
In order to not have both coverages, you need to dis-enroll from the CBA Optional Life plan nlt Nov 8th (at fedex.ehr.com) and then enroll in the FDX MEC plan after that (Nov 10th thru Jan 10th).
Is that how you read it?
Almost. But, you don't need to dis-enroll from the CBA Optional Life plan by Nov. 8th. From the .ehr.com enrollment info(on its home page, under "2011 changes" click on "Make Changes to My Life Insurance/AD&D Elections" and you'll find this:
"Optional Life Insurance - You can newly elect, increase or decrease coverage anytime throughout the year. Evidence of Insurability (EOI) is required to newly elect coverage or increase the coverage amount."
So, you should wait to dis-enroll in that, the CBA Optional Life plan, until you've enrolled in the FDX MEC plan, effective Nov 10th. That way you'll be covered in case you die on Nov 09th.
And, just so our cavemen can understand it...This only pertains to the
OPTIONAL Life Plans.