Free Employee Benefit Plan Explanation Letter

If you work in human resources, then it is a must for you to make use of our available Employee Benefit Plan Explanation Letter allows you to give an explanation for a new hire regarding the benefits they will receive in being employed with the company. Whether it is for medical insurance, life insurance, disability insurance, and retirement plans, you can easily place details regarding each asset because this is highly customizable and easy to edit. This is because of its compatibility with a variety of file formats that are available and popular on the market today. So don’t wait! Don’t pass up this amazing opportunity and experience convenience now by downloding this versatile template!

EMPLOYEE BENEFIT PLAN EXPLANATION LETTER

[DATE]

Dear [RECIPIENT NAME]:

Welcome to [YOUR COMPANY NAME]! We are delighted to have you on our team as [POSITION]. 

For you to be able to be familiar with the benefit plan, we would like to provide an explanation on your eligibility for the employee’s health insurance. In order to be covered for the benefit plan, there is a required number of hours/ days of work per month for such coverage.

As a new employee, you are required to work at least [NUMBER] hours per day, and [NUMBER 1]        of days for a month. To be eligible for the coverage of the health benefits, you should render a total of at least [NUMBER 2]hours or [NUMBER 3] days a month from the first day of employment. The hours of work that is counted for the eligibility of the benefit plan shall include the actual hours of work rendered, and the hours for which the employee is paid while on vacation leave, sick leave or holidays.

If an average [NUMBER 4]hours are rendered by the employee, then you will be eligible for the benefit plan. However, you shall be the one who will select the coverage of your own benefit plan and the amount of money that shall be paid for the premium of the benefit plan. In order to be able to enjoy the insurance, you shall be required to work as an employee of our company for [NUMBER 5]year/s.

Below is the detailed portion of the employee for the benefit plan:

Cost per Pay Period
Cost per Month
Supplemental Life Insurance
$00.00
$00.00
Dependent Life Insurance
$00.00
$00.00
Medical Insurance
$00.00
$00.00
Dental Insurance
$00.00
$00.00
[SPECIFY OTHERS]
$00.00
$00.00
TOTAL COST
$00.00
$00.00

Should you have any questions or clarifications as regards the benefit plans and its coverage, please contact me at [YOUR PHONE NUMBER] or email me at [YOUR EMAIL ID].

Once again, Welcome to our Team.

Regards,

[YOUR SIGNATURE]

[YOUR NAME]