Life and AD&D
Life and AD&D coverage, through MetLife, helps protect your loved ones in the event of your death or serious injury. Even if you’re single, your beneficiary can use your Life insurance benefits to pay off your debts, such as credit cards, mortgages, and other final expenses.
Basic Life and Accidental Death & Dismemberment (AD&D)
Eligibility
You become eligible for Basic Life and AD&D after working a minimum of 1,000 hours in the previous calendar year.
Coverage Amount
BAYADA provides Basic Life and AD&D insurance coverage at no cost to you, and you will be automatically enrolled once you meet the eligibility requirements. Your Basic Life and AD&D coverage is a fixed amount of $15,000. The AD&D benefit provides coverage in the event of your accidental death, dismemberment, or paralysis.
Imputed Income
Under current tax laws, imputed income is the value of your Basic Life insurance that exceeds $50,000 and is subject to federal income, Social Security and state income taxes, if applicable. This amount will be included in your paycheck and reported on your W-2.
Voluntary Life
You may purchase additional Voluntary Life insurance at group rates after 90 days of employment. Coverage is available in $10,000 increments up to $300,000. You pay the full cost of this coverage, and your cost depends on your age and the amount of coverage you elect.
Guaranteed Issue and Evidence of Insurability
Evidence of Insurability is documentation or a statement of good health showing that you are eligible for your Voluntary Life election.
Employees who elect Voluntary Life coverage when they are first eligible can elect up to the Guaranteed Issue (GI) amount without Evidence of Insurability (EOI). If the amount requested is more than GI, you will need to provide EOI before the amount over GI becomes effective. If you previously waived coverage when you were first eligible or if you wish to increase your Voluntary Life coverage amount, you will be required to provide EOI.
Beneficiaries
Your beneficiary is the person you choose to receive the cash benefit if you experience a covered incident. In some states, your spouse must be named as your beneficiary unless they sign a waiver. Take a moment to review your beneficiary information in Workday and remember to keep it up to date.
Age Reduction
Benefit amounts are subject to age reduction when a covered person reaches or exceeds age 65. Refer to the plan document for full details.
MetLife Contacts
Life and AD&D Insurance
1-800-638-5433
1-800-638-6420 (Prompt #2)
Claims