Benefits Administration
Eligibility
Making Changes
Eligibility
If you are a regular full-time employee working at least 30 hours per week, you and your eligible dependents may participate in Monkey Sports benefits program. Your eligible dependents include:
- Legally married spouse
- Registered domestic partner (as defined by California state law)
- Children under the age of 26, regardless of student or marital status
Enrollment
As an eligible employee, you may enroll at the following times:
- As a new hire, you may participate in the company’s benefits program on the first day of the month following 30 days of continuous work
- Each year, during open enrollment
- Within 30 days of a qualifying event as defined by the IRS
Making Changes During the Year
Our benefit plans are effective January 1st through December 31st of each year except for the flexible spending account (see FSA section on page 18). There is an annual open enrollment period each year, during which you can make new benefit elections for the following January 1st effective date. Once you make your benefit elections, you cannot change them during the year unless you experience a qualifying event as defined by the IRS. Examples include, but are not limited to the following:
- Marriage, divorce, legal separation or annulment
- Birth or adoption of a child
- A qualified medical child support order
- Death of a spouse or child
- A change in your dependent’s eligibility status
- Loss of coverage from another health plan
- Change in your residence or workplace (if your benefit options change)
- Loss of coverage through Medicaid or Children’s Health Insurance Program (CHIP)
- Becoming eligible for a state’s premium assistance program under Medicaid or CHIP
Coverage for a new dependent is not automatic. If you experience a qualifying event, you have 30 days to update your coverage.