You are rehired

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.

Welcome back to BP! We’re glad to have you back. If you return within the same plan year (April – March), certain benefit elections that were in effect before you left will be reinstated. Others will not (see below). However, if you were not re-employed by BP during the same plan year, you will be treated like a new hire and must re-enroll in all benefits

If you are rehired within the same plan year
Benefit Available Changes Deadline Other Things to Consider
  • Medical
  • Dental
  • Vision
Your previous enrollment elections will be reinstated. However, if you experienced a qualified status change during the time you were not employed with BP, you may make appropriate updates to your elections.

Note: Special rules on switching between the HCFSA and the HSA mid-year may limit your available medical options if you change medical plans. See the Benefits Handbook for more details.
Within 30 days of returning to work
 
N/A
  • Health Care Flexible Spending Account
  • Dependent Care Spending Account
Your previous enrollment elections will be reinstated. However, if you experienced a qualified status change during the time you were not employed with BP, you may make appropriate updates to your elections. Within 30 days of returning to work If your rehire date is close to the end of the plan year (March 31), you may not want to change your elections until the new plan year takes effect.
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 returning to work 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.
  • Any previous beneficiary designation is no longer valid; you will need to make a new beneficiary designation.
  • You may make or change your beneficiary designation for all or a portion of your life insurance plan benefits.
N/A You can update your beneficiary at any time by accessing the BP Benefits Center online.
Group Universal Life (GUL) Any prior coverage in which you participated will not be reinstated. If you ported GUL coverage when you left the company, you can continue that coverage by paying premiums directly to MetLife.

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 by contacting MetLife.
At any time, but if you enroll or increase your own coverage within 30 days of the life event, EOI may not be required 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.

If you maintained your LTC coverage, you could continue to pay John Hancock directly to maintain that coverage, or you could have John Hancock restart payroll deductions for the coverage.

N/A N/A

Call John Hancock to have payroll deductions resume for existing coverage.
  • 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 N/A
 
Next Steps
Review
  • Your beneficiary designations to determine if you need to make changes.
  • 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).
  • The BP Benefits Center at 1-800-890-4100 to enroll in or make changes to your other benefits.


 

© 2000-2019 BP Corporation North America Inc. All Rights Reserved. | Legal disclaimer | Privacy statement | PrintPrint this page