2024 New Hires & Life Events

As a New Hire, you have access to a wide range of competitive benefits covering your physical, emotional, and financial health. Explore this site to learn about all the plans and programs Apple Bank has to offer.

Full-time employees working a minimum of 30 hours per week are eligible for benefits. New employees become eligible for benefits on the first of the month following their date of hire unless otherwise noted.

Dependent Eligibility

When you enroll yourself in the benefits program, you may also enroll your eligible dependents in benefits including medical, dental, vision, and voluntary life insurance.

You will be required to submit supporting documentation when you are adding newdependents to the plans.

Eligible dependents include your:

  • Your legal spouse (the person recognized as a covered employee’s husband or wife under the laws of the state where the covered employee lives.)
  • Your children up to age 26, regardless of marital, employment or student status
  • Children age 26 or older who are unmarried, disabled and financially dependent on you
  • Children include:
    • Natural and adopted children and children placed with you for adoption
    • Children of your current spouse
    • Children for whom you are the legal guardian
    • Children named in a Qualified Medical Child Support Order

Dependent Children are covered under the medical, dental, and vision plans until the end of the month in which they turn age 26. For voluntary child life coverage, a child is covered until the end of the month in which they turn age 20, or until age 26, if a full-time student.

You will be required to submit supporting documentation when you add any dependents to any plan.

The benefit choices you make during new hire enrollment remain in effect for the entire year. You can only make changes to your benefits during annual enrollment or if you have a qualifying life event.

If you have a qualifying life event, you have 31 days to add or remove your dependent(s). Any change you make must be consistent with the qualifying life event. You will be required to submit documentation that supports your life event. You will also be required to submit dependent documentation if you are adding a new dependent to the plan(s).

As defined by the IRS, a qualifying life event includes:

  • Birth, adoption, or placement of a child for adoption
  • Marriage, divorce, legal separation, annulment or death of your spouse
  • Employment changes that cause you or a dependent to gain or lose eligibility for benefits, such as starting or leaving a job, changing from part-time to full-time employment, and starting or returning from an unpaid leave of absence
  • An event that causes your child to no longer be eligible for coverage, such as reaching age 26
  • Any change in your home or work location that affects your eligibility for coverage — for example, moving out of the medical plan’s network area
  • You, your spouse, or your child becoming enrolled in Medicare or Medicaid

Dependent Children are covered under the medical, dental, and vision plans until the end of the month in which they turn age 26. For voluntary child life coverage, a child is covered until the end of the month in which they turn age 20, or until age 26, if a full-time student.

Contact benefits@applebank.com with questions.

NOTE: Enrollment through the ACA Exchanges does not count as a Qualifying Life Event.

ENROLLMENT DEADLINE
You must complete online enrollment by the required deadline date.
  • New employees: You have 30 days from your initial date of hire to enroll in benefits or waive your elections.
  • Changes due to Qualifying Life Events: It is your responsibility to add or remove your dependent(s) within 31 days of the date of the qualifying event.

How to Enroll

Please be sure you’ve carefully reviewed all materials provided as you consider your benefit needs. This is your one opportunity to select your benefits for the 2024 plan year, unless you experience a qualified life event (marriage, divorce, birth etc.).

Benefit enrollment takes place online at Workday. Once logged in, navigate to your Workday inbox, click “New Hire Benefit Enrollment Task”, then click “Let’s get started.”

Reminder!

  • Make all elections with 30 days of your date of hire.
  • Changes to most plans are only allowed only during open enrollment unless you have a qualifying life event.
  • Year-round changes permitted for commuter/parking plan, HSA contributions and 401(k) contributions.
  • All elections must be submitted through Workday except the 401(k) plan (Vanguard) and MetLife pet insurance.
  • Log into Vanguard to waive the “auto-enroll” feature within 30 days to decline contributions at this time and/or to make changes to your election.
  • Be prepared with your dependent(s) documentation when enrolling.
ENROLLMENT HELP
READY TO ENROLL?
Visit Workday to complete your benefit enrollment for 2024.
2024 COST OF COVERAGE
Apple Bank pays a portion of the cost of your health coverage. Your contributions for your coverage are based on your plan selection, coverage tier elections, and your salary. Premiums will be deducted from your pay on a pre-tax basis.
2024 Cost of Coverage – Contributions
ADDING DEPENDENTS?
You must include dependent documentation as required by federal law.
 
2024 Pre-tax IRS Maximum Contribution Limit Changes
Benefit Amount
Health Savings (HSA) Single Coverage $4,150*
Health Savings (HSA) Family Coverage $8,300*
Health Savings (HSA) Catch-up Over Age 55 $1,000
Transit Commuter (monthly) $315
Parking Commuter (monthly) $315
401(k) Traditional & Roth (combined) $23,000
401(k) Traditional & Roth Catch-Up (combined) $7,500
Medical Flexible Spending $3,200
* Includes employer contributions of: $600 individual / $1,200 family
QUESTIONS?
For questions about your benefits or enrollment you may contact our third-party benefits help desk:
Phone: 877-373-6535 from 8 a.m.–8 p.m. ET,
Monday through Friday
Email: BenefitsHelpDesk@epicbrokers.com.
After hours, you can leave a voice mail message — your call will be returned within 24 hours (or on Monday, if received during the weekend).
You may also contact the Apple Bank Benefits Department directly at:
Email: Benefits@applebank.com
Phone: (212)643-5598