The SIHRA offers employees, spouses, and eligible dependents with access to qualifying alternate group medical and prescription drug coverage 100% reimbursement for eligible medical expenses covered by that alternate plan.

 

You will be reimbursed for eligible co-pays, co-insurance and deductibles incurred through your alternate medical plan, up to the SIHRA annual maximums of $12,000 for single coverage and $24,000 for family coverage. Laitram may also provide a monthly reimbursement toward the cost of alternate coverage. Catilize calculates your reimbursement based on the cost of your alternate coverage and Laitram coverage. The amount you receive may not equal the full difference in cost.

 

SIHRA enrollment is available to employees and their spouses and eligible dependents who are currently enrolled in Laitram’s medical plan and are moving to qualifying alternate group coverage. A spouse who is not currently enrolled in Laitram’s medical plan is not eligible to enroll in the SIHRA unless eligibility results from an applicable Qualifying Life Event (QLE), such as marriage or the birth of a child. Enrollment is also available to newly hired or newly benefit-eligible employees with qualifying alternate coverage.

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To view a SIHRA overview presentation by Laitram HR Director Franck LaBiche, visit our Benefits Resource Hub.