BNY Mellon Benefits Guide
If You Miss the Enrollment Deadline
The following chart shows the default coverage you will receive for 2018 if you do not enroll by the deadline provided with your enrollment information.
COVERAGE YOU WILL RECEIVE
 
Newly Benefited Employees, Those Hired After October 1, 2017, or Those Without Applicable BNY Mellon Coverage for 2017
If You Have Applicable BNY Mellon Coverage for 2017
Medical
No coverage
Your 2017 plan election and coverage level will remain in effect.
HSA Contributions (available only if you enroll in Plan HSA)
No employee contributions. You may change your HSA contribution amount monthly throughout the year.
2017 HSA contribution amounts are not carried over. You may change your HSA contribution amount monthly throughout the year.
Dental
No coverage
Your 2017 election will remain in effect.
Vision
No coverage
Your 2017 election will remain in effect.
LTD Insurance
BNY Mellon-paid coverage equal to 60% of base pay
Your 2017 election will remain in effect.
Life Insurance/Supplemental Life Insurance
BNY-Mellon-paid coverage equal to your base pay, up to $500,000
Your 2017 election will remain in effect.
Spouse/Domestic Partner Life Insurance
No coverage
Your 2017 election will remain in effect.
Child Life
Insurance
No coverage
Your 2017 election will remain in effect.
AD&D Insurance/Supplemental AD&D Insurance
BNY Mellon-paid coverage equal to your base pay, up to $500,000
Your 2017 election will remain in effect.
Health Care FSA
No participation
No participation
Limited Purpose FSA
No participation
No participation
Dependent Care FSA
No participation
No participation
Flex Vacation
No participation
No participation
If you do not enroll by the deadline and you are automatically re-enrolled in your 2017 elections, payroll deductions for coverage will be at the 2018 level. If you do not want to incur these deductions, be sure to change your elections by November 10, 2017.
When Coverage Becomes Effective and Terminates
The benefits you choose during Open Enrollment will become effective on January 1, 2018, and remain in effect through December 31, 2018, or until the last day of the month you transition to a status that is ineligible for benefit coverage.
If you are newly eligible for benefits during 2018, the choices you make when you enroll remain in effect from the date of your eligibility through December 31, 2018 (or until the last day of the month you transition to a status that is ineligible for benefit coverage or until you leave BNY Mellon, if earlier), provided you enroll within 31 days of your benefit-eligibility date.
Once you are covered, coverage for a new spouse or children born, adopted or placed with you for adoption during the year begins on the date of marriage, birth, adoption or placement.. For new domestic partners, because of the six-month cohabitation/codependence requirement, the domestic partner will be covered on the first day of the month following the date on which he/she became eligible (see "Domestic Partner Definition"). In all cases involving newly eligible dependents, you must notify the BNY Mellon Benefit Solutions Service Center within 31 days of the date the dependent became eligible for coverage.
BNY Mellon holds an Open Enrollment period every year in the fall. After you enroll, except for changes in HSA contributions, you will be able to make changes to your benefit selections ONLY if you have a qualified life event during the year or one of the special enrollment rights applies. For more details, review the Changing Coverage section. Your next opportunity to make changes will be during Open Enrollment for the 2019 plan year.