IQVIA Benefits Handbook
COST OF COVERAGE
Your cost under the Life Insurance Plan depends on the type of coverage you select:
- Basic life insurance: IQVIA pays the cost.
- Optional life insurance: You pay the cost for yourself and/or your eligible dependents. You can purchase coverage at group rates on an after-tax basis through payroll deductions. The amount of your cost depends on the type of optional coverage you elect (for you, your spouse, and/or eligible dependent children) and the covered amount.
Any contributions you make for optional coverage start when your approved coverage begins or the first pay cycle following your enrollment, whichever is later. Your contributions are automatically deducted from your pay in equal installments.