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  • Dependent

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    Bing Perania
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    The document outlines the dependent health benefits program provided by Sterling Bank. It states that the bank will cover two eligible dependents, prioritizing a legal spouse and children for married employees, and a parent and siblings for single employees. Additional dependents can be enrolled if they are eligible and the employee pays an annual premium of P8,700 that will be deducted from their salary in monthly installments.

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    The document outlines the dependent health benefits program provided by Sterling Bank. It states that the bank will cover two eligible dependents, prioritizing a legal spouse and children for married employees, and a parent and siblings for single employees. Additional dependents can be enrolled if they are eligible and the employee pays an annual premium of P8,700 that will be deducted from their salary in monthly installments.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    4 views1 page

    Dependent

    Uploaded by

    Bing Perania
    The document outlines the dependent health benefits program provided by Sterling Bank. It states that the bank will cover two eligible dependents, prioritizing a legal spouse and children for married employees, and a parent and siblings for single employees. Additional dependents can be enrolled if they are eligible and the employee pays an annual premium of P8,700 that will be deducted from their salary in monthly installments.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    DEPENDENTS HEALTH BENEFITS PROGRAM

    A Savings Bank WHO ARE MY ELIGIBLE DEPENDENTS? a. Married Legal spouse 65 years old and below Children 3 months to 21 years of age b. Single Parents 65 years old and below Siblings 3 months to 21 years of age 2. HOW MANY DEPENDENTS WILL BE COVERED UNDER THIS PROGRAM? STERLING BANK WILL COVER TWO (2) ELIGIBLE DEPENDENTS FOLLOWING THE HEIRARCHY OF DEPENDENTS AS FOLLOWS: 1.

    a. Married legal spouse must be enrolled first, followed by the eldest to the youngest child b. Single - First to be enrolled is the mother, followed by the father and then the siblings eldest to youngest) c. Single Parents with Children - Either children or parents 3.

    (from

    WOULD THE BANK ALLOW ME TO ENROLL ADDITIONAL DEPENDENTS? The bank allows you to enroll additional dependents provided they are eligible under the program and the premium cost is for your personal account. The annual premium cost of P8, 700 shall be deducted from your salary in 6 equal monthly installments (every 15th payroll). Please indicate your intention to enroll them by checking the box under optional enrollment.

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