Life
Events and Your Schlumberger Benefits
Once
your spouse has enrolled in Schlumberger benefits upon hire, transfer
to
the US or during annual enrollment, you might think that’s the last
time
you’ll need to think about your benefits coverage for another
year.
Not so! Changes in your personal or professional life may mean
changes
in your eligibility for Schlumberger benefits.
From
a benefits perspective, “life events” are any changes in an employee’s
personal life that affect eligibility for benefits coverage. Life
events
may affect the employee’s eligibility under the plans and/or that of
his
or her dependents. Some events, such as marriage, trigger new
eligibility
under the plans while others trigger a loss of eligibility.
The Schlumberger Automated Benefits Link (SABL) can help
employees plan for these life events in advance and see the impact they
will have on their benefits. Once an event has taken place, SABL
will allow the employee to make online updates to Health, Life & You
benefit elections based on the type of event that has occurred.
Life
Events that Add Eligibility
Marriage, birth of a child and loss of coverage under a
Schlumberger coverage option or another employer's plan are examples of
life events that create new eligibility under the plans. When one
of these events occurs, your spouse will have 31 days from the date of
the event to log onto the Life and Career Events pages on SABL to
enroll or increase coverage. Once the deadline passes, coverage
cannot be changed until the next annual enrollment.
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Life Events that Cause a Loss of
Eligibilty
Some life events, such as divorce, legal separation, or a
dependent child reaching age 19, may trigger a loss of eligibility
under the plans. In these cases, your spouse will have 31 days
from the date of the event (or the date coverage is lost, whichever is
later) to notify the Company or log onto SABL to make the appropriate
changes to existing coverage.
If you or an eligible dependent lose coverage as a result of
one of these life events, you will have a 60-day window to elect to
continue your own medical and dental coverage under COBRA. A
delay in reporting these life events could cause you and/or your
children to forfeit rights to certain continuation coverage under COBRA.
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Don't
Miss the Deadlines!
Only employees can enroll, so be sure to remind your spouse
to log onto SABL any time a life event occurs that affects your
family’s eligibility for coverage under the Health, Life &
You plans.
