Kyndryl’s Annual Benefits Protect your family with these benefits from MetLife
Kyndryl provides company paid and voluntary insurance benefits through MetLife. Employee-paid coverages include: Dental, Accident, Critical Illness, Hospital Indemnity, Long-Term Disability (LTD), a legal assistance plan (MetLife Legal Plans), and a voluntary Optional Term Life (OTL) plan which includes term life insurance and Accidental Death & Dismemberment (AD&D) insurance for yourself and your dependents.
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Enrollment dates: 10/29 - 11/12/2024
Elections (enrollments or changes) for these MetLife administered benefits can only be made during the Annual Enrollment, as a new hire or during a qualifying live event period:
- Long-term disability benefits (under the Kyndryl Long-Term Disability Plan)
- Legal Plan benefits under the MetLife Legal Plans
- Dental benefits (under the Kyndryl Dental Basic Plan and Dental Plus Plan)
Elections (changes or enrollments) for these MetLife administered benefits can be made at any time during the year:
- Optional Term Life (OTL) (under the IBM Group Life Insurance Plan)*
- Accidental Death & Dismemberment (AD&D) (under the IBM Group Life Insurance Plan)
However, enrollments in OTL may be subject to completing a medical review.
*Exception: -During Annual Enrollment each year, Kyndryl employees currently enrolled in OTL for themselves can increase their OTL insurance by 1 level of coverage, up to the lesser of 3 times annual base pay or $750,000, without having to complete a medical review.1,2
How it works
Financial confidence goes well beyond health coverage, which is why we have made various benefits available to you through MetLife. You can enjoy the same feeling of confidence provided by health insurance in other aspects of your life. Together, the benefits you choose can help insure what matters most to you.
Explore the options available to you below.
AVAILABLE PRODUCTS
These materials are intended to provide an overview of certain Kyndryl plans and programs in which you may be eligible to participate. These materials are not an official Summary Plan Description and do not provide full details. The formal plan documents are the complete and exclusive statement of the company’s obligations under the Plan. The official Plan documents shall govern in the event of a conflict between the terms of the Plan documents and information contained in these or any other documents and statements. The Plan Administrator retains exclusive authority and discretion to interpret the terms of the Kyndryl benefit plans and programs described herein.
MetLife Legal Plans is not sponsored or administered by Kyndryl or the Kyndryl Plan Administrator. Group legal plans provided by MetLife Legal Plans, Inc., Cleveland, Ohio. In certain states, group legal plans are provided through insurance coverage underwritten by Metropolitan Property and Casualty Insurance Company and Affiliates, Warwick, RI. Some services not available in all states. Please see your plan description for details. MetLife® is a registered trademark of Metropolitan Life Insurance Company, New York, NY. No service, including consultations, will be provided for: 1) employment-related matters, including company or statutory benefits; 2) matters involving the employer, MetLife and affiliates and plan attorneys; 3) matters in which there is a conflict of interest between the employee and spouse or dependents in which case services are excluded for the spouse and dependents; 4) appeals and class actions; 5) farm and business matters, including rental issues when the participant is the landlord; 6) patent, trademark and copyright matters; 7) costs and fines; 8) frivolous or unethical matters; 9) matters for which an attorney-client relationship exists prior to the participant becoming eligible for plan benefits. For all other personal legal matters, an advice and consultation benefit is provided. Additional representation is also included for certain matters.
Life insurance benefits available under the Kyndryl Group Life Insurance Plan are provided under MetLife group life insurance policies which, like most group insurance policies, contain certain exclusions, limitations and requirements for maintaining coverage in force. Any such exclusions, limitations and requirements will be described in the insurance certificate and/or the Kyndryl Group Life Insurance Plan formal plan documents.