IQVIA Benefits Handbook
HOW TO ENROLL
Actively At Work
You will be considered to be "actively at work" if you are performing the material duties of your job on a regularly scheduled workday. You will be considered actively at work on a scheduled non-working day if you were actively at work on your last scheduled working day.
Basic Coverage
You are automatically enrolled in basic coverage when you are both eligible and actively at work.
Optional Coverage
How you enroll in optional coverage depends on when you are enrolling, as described in the following sections.
Enrolling for Coverage
You can enroll in the Life Insurance Plan online at the IQVIA Benefits Marketplace website from any computer that has internet access.
Generally, your elections remain in effect for the entire plan year (January 1 through December 31).
When First Eligible
The enrollment email you receive after you are hired will contain the information and materials you need to enroll in optional coverage for yourself and your eligible dependents. You will have 30 days from your date of hire to enroll.
If you don't enroll in optional life insurance coverage within this 30-day period, you will be enrolled in basic coverage only. However, you will have additional enrollment opportunities during open enrollment or if your needs change, as described in the following sections.
During Open Enrollment
Each year during the fall, IQVIA holds open enrollment. During this period, you can change your options and/or level of coverage for the coming plan year. Elections made during open enrollment generally take effect on the following January 1 and remain in effect until December 31 of that same year.
Mid-Year Enrollment Changes
After you enroll, your coverage under the Life Insurance Plan will remain in effect for the remainder of the calendar year. Generally, you can make changes only during the open enrollment period. However, because your needs may change when you experience certain life events (such as marriage, divorce, birth or adoption of a child, death of a dependent, etc.), you may be allowed to make mid-year enrollment changes in certain situations in accordance with Internal Revenue Code and as permitted by the plan administrator.
Changes to your coverage must be consistent with the qualified change in status. Depending on the status change, you may be able to enroll, change or drop optional life insurance coverage for yourself, your spouse or your eligible dependent child(ren).
Before a change in optional coverage can be approved, Lincoln may require you and/or your eligible dependents to satisfy certain evidence of insurability (EOI) requirements. (See "Evidence of Insurability (EOI)" for details.) Your coverage will begin on the first day of the month after Lincoln approves your EOI. In addition, you must be actively at work on the effective date of your coverage.
Designating a Beneficiary
When you enroll in the Life Insurance Plan, you must name a beneficiary for your benefit in the event of your death. You may name any person (or persons) you wish to be the beneficiary who receives the benefit payment. Visit the IQVIA Benefits Marketplace website to review or change your beneficiary. You may change your beneficiary at any time.
If, at the time of your death, there is no named or surviving beneficiary, Lincoln will pay the benefits to the executor or administrator of your estate. Lincoln may, at its option, pay the benefits to a surviving relative in the following order: spouse, child, parent, sibling. Such payment will release Lincoln of all further liability to the extent of payment.
When you enroll your spouse and/or dependent children in optional coverage, you are automatically the beneficiary. If you and your eligible dependents die at the same time (or within 24 hours of your death), benefits under the Life Insurance Plan will be paid to your estate.
If the plan is required to distribute funds to a beneficiary without the legal capacity to receive payment, Lincoln may pay up to $2,000 to the person or institution that has assumed custody or provides support for the beneficiary.
Evidence of Insurability (EOI)
In some cases, you may be required to provide Evidence of Insurability (EOI) to obtain optional life insurance coverage. EOI is proof of good health for you and/or your eligible dependents. Because your basic life insurance coverage is paid by IQVIA, EOI isn't required.
EOI is required for the following types of optional coverage:
  • For yourself, EOI is required if:
    • During your initial open enrollment (when you are first eligible): The total requested amount of your optional coverage is greater than $500,000.
    • During subsequent open enrollments:
      • You enroll more than 30 days after your initial eligibility date.
      • You are re-enrolling in optional coverage after voluntarily cancelling coverage at an earlier date.
      • You elect to increase your coverage by more than one level.
  • For your spouse, EOI is required if:
    • During your initial open enrollment (when you are first eligible): You enroll or increase your spouse coverage above $70,000.
    • During subsequent open enrollments:
      • You enroll more than 30 days after your initial eligibility date.
      • You are re-enrolling your spouse in optional coverage after voluntarily cancelling coverage at an earlier date.
      • You elect to increase your spouse's coverage by more than one level.
When you apply for a type of coverage that requires EOI, Lincoln will contact you. Your coverage will become effective on the day your EOI is approved.