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This document serves as the Summary Plan Description (SPD) for the New York University Medical Plan, detailing the health benefits available to adjunct faculty and pre-65 retirees, including coverage
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How to fill out New York University Medical Plan for Adjunct Faculty and Pre-65 Retirees Summary Plan Description
01
Obtain the New York University Medical Plan for Adjunct Faculty and Pre-65 Retirees Summary Plan Description document.
02
Review the eligibility criteria to ensure you qualify for the plan.
03
Fill out personal information including your full name, address, and contact details.
04
Provide necessary identification information such as your employee ID or Social Security number.
05
Select the appropriate coverage options based on your needs and any dependents.
06
Review the premium costs associated with your selected coverage options.
07
Sign and date the form to confirm accuracy and understanding of the plan.
08
Submit the completed form to the designated HR or benefits office as instructed in the document.
Who needs New York University Medical Plan for Adjunct Faculty and Pre-65 Retirees Summary Plan Description?
01
Adjunct faculty members at New York University who are eligible for medical benefits.
02
Pre-65 retirees of New York University seeking health care coverage options.
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People Also Ask about
What is a summary plan description for health insurance?
A Summary Plan Description (SPD) is a document that employers must give free to employees who participate in Employee Retirement Income Security Act-covered retirement plans or health benefit plans. The SPD is a detailed guide to the benefits the program provides and how the plan works.
What is the summary plan description for FSA?
How the plan works. You contribute up to the IRS limit each year ($3,200 in 2025) to use for qualifying health expenses. Your FSA contributions are deducted from your paycheck before taxes are withheld, which reduces your taxable income and saves you money on taxes (depending on your situation).
What type of plan is the NYU retirement plan?
The Plan is a “defined contribution” plan, which means that the Plan's legal document specifies how much you can contribute (within applicable IRS limits). You make contributions to the Plan through salary deferrals.
What is a health plan summary plan description?
A summary plan description (SPD) gives employees an in-depth overview of the benefits plans they're enrolled in with their employer, including health insurance or retirement plans.
What is a summary program description?
A summary plan description (SPD) is a required document for any benefits or retirement plan covered by the Employee Retirement Income Security Act (ERISA). SPDs use simple, plain language to provide an overview of a plan's most important details (e.g., claims processes, calculation methods, vesting periods, etc.)
What is a retiree medical plan?
Retiree health coverage is health insurance that some employers, unions and trusts may offer to retiring employees and their spouses. Typically, it is group health insurance similar to plans offered to active employees. Eligibility, enrollment, coverage and other rules are specific to each employer's retiree plan.
What is a summary plan description for a retirement plan?
The Employee Retirement Income Security Act (ERISA) requires plan administrators to give to participants and beneficiaries a Summary Plan Description (SPD) describing their rights, benefits, and responsibilities under the plan in understandable language. The SPD includes such information as: Name and type of plan.
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What is New York University Medical Plan for Adjunct Faculty and Pre-65 Retirees Summary Plan Description?
The New York University Medical Plan for Adjunct Faculty and Pre-65 Retirees Summary Plan Description is a document that outlines the benefits, coverage options, and services available to adjunct faculty and pre-65 retirees participating in NYU's medical plan.
Who is required to file New York University Medical Plan for Adjunct Faculty and Pre-65 Retirees Summary Plan Description?
Typically, the plan administrator is required to file the Summary Plan Description with the Department of Labor and ensure that eligible participants receive it.
How to fill out New York University Medical Plan for Adjunct Faculty and Pre-65 Retirees Summary Plan Description?
To fill out the Summary Plan Description, participants need to provide necessary personal information, details about their employment status, and relevant medical plan selections as specified in the form.
What is the purpose of New York University Medical Plan for Adjunct Faculty and Pre-65 Retirees Summary Plan Description?
The purpose of the Summary Plan Description is to inform participants about their rights and obligations under the health plan, including coverage details, benefits, and claim procedures.
What information must be reported on New York University Medical Plan for Adjunct Faculty and Pre-65 Retirees Summary Plan Description?
The Summary Plan Description must include information such as eligibility requirements, benefits provided, exclusions, limitations, claim procedures, and the rights of participants under the Employee Retirement Income Security Act (ERISA).
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