IQVIA Benefits Handbook
ANSWERS TO FREQUENTLY ASKED QUESTIONS
How much life insurance coverage is available under the plan?
There are two types of life insurance coverage under the plan—basic coverage and optional coverage.
IQVIA provides basic coverage to you at no cost. This amount is equal to two times your annual base salary, to a maximum of $1,000,000.
You pay for any optional coverage you elect with after-tax dollars deducted from your paycheck. The maximum optional coverage you can elect varies. If the optional coverage is for:
  • You, purchase from one to five times base annual salary up to $2,000,000.
  • Your spouse, his or her maximum is 100% of your total coverage or $250,000, whichever is less.
  • Your dependent children, the maximum is $20,000 per child.
Optional coverage for your spouse can be increased or decreased in increments of $10,000. Optional coverage for your dependent children can be increased or decreased in increments of $5,000. Please note that you can only elect optional coverage for your spouse or dependent children if you also elect optional coverage for yourself.
How is my annual base salary determined, and what happens if it changes at some point during the year?
Your annual base salary is your annual rate of pay (regular salary or wages), before taxes and before any deductions are made. Your annual base salary does not include commissions, incentive pay, bonuses, overtime pay or any other fringe benefit, shift differential or extra compensation.
If your annual base salary changes at any point during the year, your basic coverage amount will automatically increase or decrease as a result. This will be effective the same day as your salary change (if you are actively at work on that day) or the date you return to active work.
If I leave IQVIA or retire, are the conversion and portability features automatic or do I have to enroll?
No, both conversion and portability are not automatic. To continue coverage through conversion and portability, you must complete the appropriate forms (mailed to you by Lincoln) and submit them along with your premium payment within 31 days of the date your IQVIA coverage ends.
If I elect to increase my optional life insurance and the increase is denied, will I lose the coverage I had in place before my increase request?
No. If your election to increase coverage is denied, your coverage will revert to the amount in place before your request.
Will coverage continue for my child age 26 or over who became disabled while covered under the plan?
Coverage will be continued for a child age 26 or over who became physically or mentally disabled while covered under the plan provided:
  • The disability was acquired before the child's coverage would have ended;
  • The child is incapable of self-sustaining employment;
  • The child is institutionalized because of mental or physical disabilities;
  • You are the main source of support and maintenance.