IUEC Voluntary Income Protection (VIP) Plan
2024 Enrollment Guide
Eligibility
Open enrollment is ongoing throughout 2024, and the sooner you enroll the sooner your coverage will begin. There are three (3) enrollment windows and coverage effective dates this year as shown below. Each enrollment window lasts for approximately 60 days. If you miss out on an enrollment window, you can enroll during the next window.
Enrollment Coverage Effective Dates
There are three (3) enrollment coverage effective dates throughout 2024. To ensure your coverage starts on the specific date below, you must enroll by 11:59PM HST on the date indicated in the month prior to the effective date.
The specific effective dates are:
September 1st - ENDED
Enroll by
August 23rd
November 1st
Enroll by
October 23rd
January 1st
Enroll by
December 19th
How Enrollment Works
Enrollment Deadline
There are three (3) enrollment coverage effective dates throughout 2024. To ensure your coverage starts on the specific date below, you must enroll by 11:59PM HST on the date indicated in the month prior to the effective date.
Late Enrollment
If you enroll after the designated deadline, your coverage will become effective on the first day of the month following the next enrollment period.
Example: If you enroll after the current enrollment window closes, your coverage will not begin immediately, but rather on the first day of the month following the next enrollment window.
Coverage Effective Date
It’s important to note that your coverage begins on the effective date, not the date you submit your enrollment.
Act Now for Faster Coverage
The sooner you enroll, the sooner your income protection begins. Don’t delay – secure your coverage early!
IUEC VIP
2024 Enrollment and Effective Date Schedule
Important information about this plan
IMPORTANT: The monthly cost for coverage is based on your age at the start of the coverage and will increase on the policy anniversary date after you move into a new age bracket. This benefits guide is tailored for IUEC Members aged 18-70+.
Participation in this program is voluntary, and the decision to enroll rests solely with the Members. Members are responsible for bearing all associated costs. A $2 technology fee is included in all listed monthly costs for the following coverages: Short-Term Disability and Long-Term Disability. A $1 technology fee is included in all listed monthly costs for the following coverages: Member Life and Spouse Life.
IMPORTANT: If you depart from the IUEC, opt-out of paying dues, or retire, you must notify the IUEC Service Center at (224) 487-5030. Not doing so within 90 days could delay or negate your eligibility for a refund. Members have 30 days to notify us of their retirement if they wish to port or convert their Life Insurance.
We encourage enrolled Members to thoroughly review the complete policy booklet, which can be requested by email to info@IUECVIP.com.
This program is administered by Union One Benefits Administration.
This voluntary benefit plan is classified as a Safe Harbor plan and, as such, is not subject to the Employee Retirement Income Security Act of 1974 (ERISA). The IUEC does not contribute to the premiums for this plan on behalf of its Members, does not endorse the plan, and does not require Members to enroll in the plan. Furthermore, the Union receives no financial or other consideration in connection with the administration or promotion of this program.
For STD & LTD: These policies provide disability income insurance only and do NOT provide basic hospital, basic medical, or major medical insurance as defined by the New York State Department of Financial Services.
Group Insurance coverages are issued by New York Life Insurance Company, New York, NY. All Rights Reserved. NEW YORK LIFE, and the NEW YORK LIFE Box Logo are trademarks of New York Life Insurance Company.
