Medical premiums, life insurance, and disability benefits are based on your Benefits Annual Rate (BAR). The BAR reflects your total annual cash compensation, not just your annual base pay. Your BAR is calculated for you in Workday so the rates in annual enrollment reflect your individual BAR. Medical premiums, life insurance and disability benefits will be based on your BAR*, which is calculated as:
You’re eligible for benefits if you’re scheduled to work at least 20 hours per week and are classified as a “regular” teammate (not a temporary or contract teammate). New hires are eligible for benefits on the first day of the month following their date of hire. You can also enroll your eligible dependents, which include:
Get prepared to add dependents to your benefit plans by gathering their information, including Social Security number and date of birth. You’ll be required to enter this information into Workday during the enrollment process.
If you and your spouse/domestic partner are both employed by Truist, only one of you can cover a dependent child. In addition, you cannot elect to cover each other.