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BENEFITS PROGRAM

The following is a brief summary of available benefits effective January 1, 2024 through December 31, 2024. Please refer to the actual plan documents for additional details specific to each plan. If there is a discrepancy between these summaries and the actual plan document, the plan document will govern.

Allianz Trade Benefit Philosophy
Allianz Trade is committed to providing associates and their families with a comprehensive benefits package that offers high quality healthcare and encourages individual responsibility for maintaining good health.

2024 Plan Year Enrollment
All eligible new hires will be able to enroll in benefits effective first of the month following first 30 days of employment. Open Enrollment will take place from October 30, 2023 through November 10, 2023. This will be your only opportunity to elect and enroll in the benefit plans offered by Allianz Trade. Once Open Enrollment has ended, you may not enroll or make changes to your 2024 benefit elections without a qualifying life changing event. A qualifying life changing event is defined by any type of change of lifestyle such as birth and/or adoption of a child, marriage, divorce, death of a spouse or child, or termination of employment of a spouse. If a change of lifestyle event occurs you must notify Human Resources within 30 days of the change to make any changes to your coverage.
 
2024 Benefit Package Highlights

Given the rising healthcare costs, and our continued commitment to improving the health and well-being of our associates, Allianz Trade is happy to maintain a rich benefit package with minimal changes to coverage and cost. Effective January 1, 2023:

  • The in-network deductible has increased to $1,600 for an individual and $3,200 for a family due to IRS guidelines.
  • Allianz Trade has increased the funding for associates’ HSAs by contributing $800 for individuals and $1,600 for families. Employer contributions will be prorated for new hires based on benefits eligibility date.
  • Beginning in 2024, Cigna and Delta Dental ID cards will be digital. VSP does not distribute ID cards. Associates can request a hard copy of their medical ID card on myCigna.com if necessary.
  • Associates waiving coverage in the Allianz Trade medical plan will receive a $50 per pay waiver credit.
  • Allianz Trade is offering a new Parking and Transit benefit option through WEX to Home Office employees. Associates will be given the option to contribute to either Parking or Transit and will receive an employer contribution from Allianz.