Eligibility
Employee Eligibility
You are eligible to participate in the Principia benefits plan if you’re an active Principia employee working at least 20 hours per week in an eligible position (excludes on-call, contract, and student employees).
Dependent Eligibility
The following dependents are eligible for coverage:
Your legally married spouse.
Children up to age 26, regardless of their dependent status. “Children” includes natural, legally adopted, step, and foster children, children who are dependent on you during the waiting period before adoption, and children for whom you have legal guardianship.
By enrolling your dependents in a Principia benefit plan, you acknowledge they are eligible as defined above. If your dependent is no longer eligible, it is your responsibility to notify Principia by submitting a Life Event change in ADP within 31 days.
Loss of Eligibility
Certain life events provide you a 31-day window to elect benefits or change your covered dependents.
If you lose benefits eligibility due to termination of employment, a status change to “non-benefits eligible,” or another qualifying reason, your health, dental, and vision benefits will continue through the end of the month that you lose benefits eligibility. Short- and Long-Term Disability and Life Insurance benefits end on your last day.
If your child is turning 26, your child’s coverage will automatically be terminated at the end of the month in which they turn 26.
If your spouse or dependent child loses coverage under the plan because they no longer meet the plan’s definition of “dependent,” complete a Life Event on ADP within 31 days. Your spouse and children may be eligible for continued coverage under COBRA.
Sun Life Port Convert
Open Enrollment is October 28 th- November 14 th 2025
This is your once-a-year opportunity to pick your plans or make changes to your existing coverage. The choices you make during Open Enrollment will become effective on January 1, 2026 and remain in effect through December 31, 2026.
When you enroll you can:
- Change your current coverage, if needed
- Enroll in benefits for the first time, if newly hired or newly eligible for benefits
- Update your dependent information
- Update your beneficiary information
New Employees
When your coverage begins
Your benefits coverage begins on the first of the month following your hire, rehire, or status change to benefits-eligible date, or on that date if it is the first of the month. The only exceptions are Life, Short- and Long-Term Disability insurance, which are in place on your date of hire.
Health, Dental, Vision and other Voluntary Benefits
Enroll in your benefits within 31 days of the date you were hired or became benefits-eligible by following the instructions below. If you do not complete the enrollment process by the deadline, you will be enrolled by default into required plans only (Basic Life and Accidental Death & Dismemberment, Disability, and Employee and Family Assistance Program); you will have no health, dental, or vision coverage. After 31 days, you will not be able to make changes until the next Open Enrollment period unless you have a qualifying life event.
Qualifying Life Event
Certain life events provide you a 31-day window to elect benefits or change your covered dependents.
What is a Qualifying Life Event? If you experience any of the scenarios below, you may be eligible to update your benefit elections mid-year:
- Marriage, divorce, or legal separation
- Birth or adoption of a child
- Commencement or termination of adoption proceedings
- Change in child’s dependent status
- Death of a dependent
- Loss or gain of other health coverage for you and/or dependents
- Change in employment status
- Change in Medicaid/Medicare eligibility for you or a dependent
- Receipt of a Qualified Medical Child Support Order
Remember, dependent verification will be required.
If you have questions about your eligibility or enrollment process, check with your plan administrator.
