New Life Insurance Brochures and Payroll Reminder

New brochures that reflect the 2021 enhancements to the basic life, spouse and child life plans are now available on the NRECA Employee Benefits website, but only on the BA Guide pages for the corresponding life insurance plan. An updated rate sheet is also available. These updates will not be available on the participant page until December to avoid confusion.

A reminder to those cooperatives that utilize a payroll system to deduct premiums from employees’ paychecks for life insurance premiums: You may need to update those systems to reflect the plan changes for 2021. Depending on your co-op’s elections and how it covers premiums for spouse and child life, updates may be needed to account for:

• A basic life benefit maximum of $1.5 million (if elected by the co-op)
• Additional spouse life coverage options of $150,000 and $200,000
• Additional child life coverage option of $20,000

To find the brochures, go to cooperative.com > My Benefits > BA Guide > Life Insurance & BTA > Active Employees, then navigate to the appropriate page for the brochure you wish to download. They are also available to order from the Member Contact Center at 866.673.2299 7 am to 7 pm, Central time, Monday through Friday, or at contactcenter@nreca.coop.