Enrollments & Deadlines
New Hire Enrollment
This is the time when new Waters employees — or existing employees who have just become eligible for benefits due to a change in their job status — enroll in benefits for the first time.
The enrollment window lasts 30 days, starting from:
A new hire’s first day of work
An existing employee’s first day as a benefits-eligible employee
During New Hire enrollment, you will have the option to enroll in any benefits.
You’ll automatically be enrolled in basic employee life and AD&D coverage policies, short-term disability and long-term disability coverage, and business travel protection services.
For most benefits, your coverage becomes effective your first day of work. This is true even though you might not actually go through enrollment until days after your start date. Some of the Voluntary Plans, like Colonial’s/Paul Revere’s Critical Illness Plan, will use an effective date of the day you complete your enrollment in the plan.
For Example
Hannah started at Waters on Monday, June 1st. A couple days later (on June 3rd), Hannah went to see her doctor. But she didn’t complete enrollment until her 15th day on the job. (Things were very busy in Hannah’s department.)
Once Hannah’s enrollment in a medical plan was complete, it retroactively went into effect from her first day on the job, and she was able to submit a claim for that June 3rd doctor visit to her new coverage provider. (The “effective date” of her new coverage was her start date, June 1st.)
If Hannah had also seen the doctor sometime in May, before her June 1st start date, that visit would NOT be covered by her new medical plan. (Which shouldn’t be that surprising, considering she didn’t even work at Waters yet.)
If you miss the New Hire deadline…and don’t complete enrollment in your benefits by the end of your first 30 days at Waters, you’ll automatically:
Be auto-enrolled in these plans, at no cost to you (they’re paid for by Waters):
Basic Short-Term and Long-Term Disability
Basic Life
Basic AD&D
Business Travel Accident Insurance
Be auto-enrolled in the Waters 401(k) retirement plan, at a contribution level of 3% of your salary (before taxes). Your contribution level will then automatically increase by 1% a year, until you reach 10% of your salary, but you can increase/decrease your contribution amount at any time during the year, at www.401k.com.
Waters matches up to 6% of your salary in contributions.
WAIVE all other plans.
Jump to this related content
Benefits Eligibility: Learn which Waters employees are eligible for benefits.
Waters Retiree Health Care Reimbursement program: Over 50? You can set aside money to pay for health expenses in retirement.
Identity Theft Protection: Protect yourself from others assuming your identity.
Legal Plan: Get access to legal advice and representation at reduced rates.
Critical Illness: Get a lump sum of cash in the event you come down with any of the illnesses on a pre-determined list.
Accident Insurance: Get a lump sum of cash in the event you suffer injuries from an accident.
College Tuition Benefit: Earn discounts off of tuition at participating colleges/universities for your children, grandchildren, godchildren, nieces, and/or nephews.
401(k): A way to save money for retirement with a bunch of tax advantages.
Basic Employee Life: Coverage that pays out to your beneficiaries in case of your death.
Whole Life Insurance with Long Term Care: Life insurance that you can take with you, even if you leave Waters, that will also pay out to cover costs of care, if you suffer from a long term illness or disability.
AD&D: Coverage that pays out in the event of your death or a permanent loss related to injury.
Short-term Disability: A way to cover a percentage of your paycheck if you’re out of work for a short while from an illness or injury.
Long-Term Disability: A way to cover a percentage of your paycheck if you’re out of work for a long while from an illness or injury.
Business Travel Protection Services: If you’re traveling for work, there’s assistance available.