You become newly eligible for benefits (as a new hire, transfer to participating employer, change in employment classification or rehire in a subsequent plan year)

Note: To help you understand how life events may impact your benefits, examples have been included in this section. However, eligibility for plan benefits (be it retirement, medical or the other benefits listed here) is based on the terms of the particular plans, and a benefit being listed under the Life events tab does not mean that you are eligible for that particular benefit. For plan eligibility questions, please refer to the Benefits Handbook.

As an employee who is newly eligible for benefits, you may enroll yourself in the BP benefits that are available to employees in your employee classification. 

Benefit Available Changes Deadline Other Things to Consider
  • Medical
  • Dental
  • Vision
You may enroll yourself and/or your eligible dependents. Coverage is effective the date you became newly eligible. Within 30 days of your eligibility date While coverage is effective on the date you become eligible, it may take a couple of pay periods for payroll deductions for benefits to begin. The first time benefit contributions are deducted, all contributions due from the beginning of your eligibility will be taken.
 
  • Health Care Flexible Spending Account
  • Dependent Care Spending Account
You may enroll. Within 30 days of your eligibility date If you enroll during the middle of a plan year, your contributions will not be prorated.

Additionally, you may only be reimbursed for expenses incurred from the time of your enrollment in the account(s) through the end of the plan year in which you participate. 

If your initial eligibility date is near the end of a plan year, you may not wish to make a full year’s election.
Short-term Disability (STD) You are automatically covered on your eligibility date/hire date/transfer date if you are actively at work. N/A N/A
Long-term Disability (LTD) Basic LTD: You are automatically covered on your eligibility date/hire date/transfer date if you are actively at work.

Optional LTD: You may elect optional coverage without providing evidence of insurability (EOI) if you enroll within 30 days of your eligibility date/hire date/transfer date.

Within 30 days of your eligibility date If you purchase optional coverage or increase the amount of your optional LTD coverage at a later date, you may be required to submit evidence of insurability (EOI) before coverage is effective. You will be notified of any EOI that may be required.
  • Basic Life
  • Accidental Death and Dismemberment (AD&D)
  • Occupational Accidental Death (OAD)
  • You are automatically covered on your eligibility date.
  • No action is required.
  • You may change your beneficiary designation for all or a portion of your life insurance plan benefits at any time. Note that your beneficiary for OAD benefits is the same as for your basic life/AD&D insurance benefits. You may name a separate OAD beneficiary by completing the OAD designation form.
N/A You can update your beneficiary at any time by accessing the BP HR & Benefits Center online.
Group Universal Life (GUL) You may:
  • Purchase coverage for yourself.
  • Purchase coverage for your spouse/domestic partner.
  • Purchase $10,000 in coverage for each of your eligible dependent children, if you purchase coverage for yourself and/or your spouse/domestic partner.
  • Make or change your beneficiary designations for all or a portion of your GUL benefits at any time by contacting MetLife.
At any time, but if you enroll within 30 days of your eligibility date, EOI may not be required for certain amounts If you enroll more than 30 days after you are initially eligible or you are electing coverage in excess of certain amounts, you will have to provide evidence of insurability (EOI). MetLife will inform you if any EOI is required.

In some states, GUL coverage cannot be offered to domestic partners due to state regulations. Call MetLife for more information. 
 
Long-term Care (LTC) No action is required. The LTC Plan is closed to new enrollments.
 
N/A N/A
  • BP savings plan
  • BP retirement plan
BP savings plan

You will be automatically enrolled in the BP savings plan at 7% on a before-tax basis as soon as administratively possible starting with your first paycheck on or after your 30th day of employment. Unless you choose a different investment option, your savings plan account will be invested in the Target Date Fund that most closely matches the year in which you would turn age 65.

You may choose to:
  • Enroll in the BP savings plan earlier if you don’t want to wait for automatic enrollment.
  • Change your contribution percentage to any whole percentage from 0% – 80%. (If you elect 0% within the first 30 days, contributions will not be deducted from your pay.)
  • Roll over your eligible tax-deferred and after-tax accounts from your previous employer(s).

BP retirement plan

If eligible, you are automatically a participant in the BP Retirement Accumulation Plan (the BP retirement plan) on your employment date.

Any time
Don’t forget to name your BP savings plan and BP retirement plan beneficiaries. Contact Fidelity for information on how to change these designations.

If you need help rolling over a qualified benefit from another employer, contact Fidelity.

Next Steps
Review
  • Your benefit options and allowable changes to determine what changes, if any, you'll make to your BP benefits.
  • Your W-4 income tax withholding to determine if you should make changes. If you need to make additional changes, complete a new form available from BP HR Services (accessible online only by employees logged into the BP network).
Remember
  • You must make allowable changes to your medical, dental, vision and spending account participation within 30 days of the life event, otherwise you'll have to wait until the next annual enrollment.
  • You may make changes to income protection and survivor benefits, such as long-term disability, Group Universal Life and long-term care insurance at any time. However, you may be required to provide additional documentation before coverage is effective. See each plan summary for specific information on when you may be required to provide evidence of insurability (EOI).
  • The Employee Assistance Program (EAP) is available 24 hours a day, seven days a week to help you and your family with any issues that may arise. For information, contact BP Care at 1-800-409-3687. You and your dependents who live with you are eligible for EAP services.
  • You'll need your dependents' personal information including date of birth and Social Security number when enrolling.
  • You may make changes to your BP savings plan at any time. Generally, you may add or change a beneficiary for the BP savings plan or BP retirement plan at any time.
Go to or call
  • John Hancock at 1-800-482-0022 to make changes to your LTC participation.
  • BP Retirement Services at Fidelity at 1-877-272-3334 to make changes to your savings plan or to add or change a beneficiary for the BP savings plan or BP retirement plan (as applicable).


 

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