Summary Plan Description

Loss of Eligibility

Your dependents are no longer covered by this plan if you (the participant) no longer satisfy the eligibility requirements of the plan or as described below.

Spouse and Stepchildren

Eligibility for your former or legally separated spouse and stepchildren ends on the last day of the month in which the legal separation or dissolution of marriage becomes final. You must provide the following documentation:

  • A complete copy of the divorce decree.

Your former or legally separated spouse and stepchildren may elect to continue coverage under COBRA Coverage.

Children

Most dependent children lose eligibility at the end of the month in which they attain age 26. No documentation is required when a dependent child loses eligibility because he or she attained age 26. Legally placed children lose eligibility before age 26 if they marry or fail to meet the residency and support requirements described under Eligible Dependents. A child also loses eligibility at the end of the month in which parental rights are legally terminated.

Your dependent children may elect to continue coverage under COBRA Coverage.

Death of A Dependent

You should notify Carpenters Trusts if a spouse or a dependent child dies. Carpenters Trusts will provide you with the information necessary to submit a life insurance claim (please see Life Insurance Benefits).

Death of A Participant

If you die, someone in your family should notify Carpenters Trusts. Your surviving dependents are covered under this plan until your dollar bank eligibility is exhausted, if they continue to meet the eligibility requirements of this plan. When your dollar bank eligibility is exhausted, COBRA Coverage may be available to your dependents. In certain circumstances, your dependents may qualify for Retiree Coverage (please see Surviving Dependents). When Carpenters Trusts is notified of your death, your life insurance beneficiary will receive the information necessary to submit a life insurance claim (please see Life Insurance Benefits). A surviving spouse who remains enrolled under this plan must also complete a Life Insurance Beneficiary Designation form naming a new life insurance beneficiary.