Eligibility & Enrollment

You and your family have unique needs, which is why MarineMax offers a variety of benefits from which you may choose. Consider your spouse’s benefits through his or her place of employment and your dependents’ eligibility when weighing each option.

Eligibility

If you are a full-time Team Member of MarineMax who is regularly scheduled to work at least 30 hours per week, you are eligible to participate in the Medical, Dental, Vision, Life and Disability Plans, along with the Flexible Spending Accounts (FSAs) and additional benefits.

When Does Coverage Begin?

The elections you make are effective the first of the month following your 60th day of employment, and your enrollment window will remain open for 45 days after your start date.

Section 125 Plan Benefit

A Section 125 Plan is an IRS-regulated benefit that allows an employee to make certain contributions on a pre-tax, rather than an after-tax basis. Such plans permit Medical, Dental, Vision and FSA contributions by employees to be deducted from earnings before taxes are calculated. Team Members who are eligible and participate in MarineMax’s plans will automatically receive this benefit. Due to the Section 125 Plan IRS regulations, once you have made your choices for the 2022 Plan Year, you won’t be able to change your benefits until the next enrollment period unless you experience a Qualifying Life Event.

Eligible Dependents*

Dependents eligible for coverage in the MarineMax benefits plans include:

• Your legal spouse – Keep reading for specific restrictions on eligibility requirements for employed spouses.

• Children up to the age of 26 – includes birth children, stepchildren, legally adopted children, children placed for adoption, and children for whom legal guardianship has been awarded to you or your spouse.

• Dependent children, regardless of age, provided he or she is incapable of self-support due to a mental or physical disability, is fully dependent on you for support as indicated on your federal tax return and is approved by your Medical Plan to continue coverage past age 26.

Working Spouse Exclusion

If your spouse is employed and has access to health care coverage through their employer, they are not eligible for MarineMax coverage. If your spouse does not work, works only part time, is not eligible for coverage or has lost coverage as an active employee but has been offered COBRA, the spousal exclusion does not apply. If your spouse is covered by Medicare, the exclusion does not apply. If your spouse experiences a Qualifying Life Event (loss of job, etc.) during the year, he or she can be added to your MarineMax coverage within 30 days of the Qualifying Life Event.

Note: MarineMax reserves the right to verify whether or not your spouse is provided coverage elsewhere. Misrepresenting whether your spouse has access to Medical coverage outside of MarineMax may result in disciplinary action.

*Verification of dependent eligibility will be required upon enrollment.

Things to Consider

Take the following situations into account before you enroll to make sure you have the right coverage.

Does your spouse have benefit coverage available through another employer?

Did you get married, divorced, or have a baby recently? If so, do you need to add or remove any dependents and/or update your beneficiary designation?

Did any of your covered children reach their 26th birthday this year? If so, they are no longer eligible for benefits unless they meet specific criteria.

Additional details can be found in the Eligible Dependent section of this guide.

Qualifying Life Events*

When one of the following events occur, you have 30 days from the date of the event to request changes to your coverage.

• Change in your legal marital status (marriage, divorce, or legal separation).

• Change in the number of your dependents through birth or adoption or if a child is no longer an eligible dependent.

• Change in your spouse’s employment status resulting in a loss or gain of coverage.

• Change in your employment status from full-time to part-time, or part-time to fulltime, resulting in a gain or loss of coverage.

• Entitlement to Medicare or Medicaid.

• Your change in coverage must be consistent with your change in status. Please direct any specific questions regarding specific life events and your ability to request changes to your Benefits Administrator in the Human Resources Department.

Preparing to Enroll

MarineMax provides its Team Members the best coverage possible. As a committed partner in your healthcare, MarineMax absorbs a significant amount of the costs. Your share of the contributions for Medical, Dental, Vision, and FSA benefits is deducted on a pre-tax basis, which lessens your tax liability.

Please note that Team Member contributions for Medical, Dental and Vision coverage vary depending on the tier of coverage you select. In general, the more coverage you have, the higher your contribution will be.

Keep in mind that you may select any combination of Medical, Dental, Vision and other plan coverage categories. For example, you could select Medical coverage for you and your entire family, but select Dental and Vision coverage only for yourself. The only requirement is that you must elect coverage for yourself in order to elect any dependent coverage. You have the option to select coverage from the following categories:

• Team Member Only

• Team Member & Spouse

• Team Member & Children

• Team Member & Family

Be certain to have the Social Security numbers and birth dates for any eligible dependent(s) that you plan to enroll. You cannot enroll your dependent(s) without this information.

*Verification of a Qualifying Life event will be required.

How to Enroll

New Team Members

The new hire enrollment option enables newly hired individuals to elect benefits, such as health insurance, for the current plan year.

All health benefits listed in this guide are available to new Team Members effective the 1st of the month following the 60th day of employment. (For example: your hire date is September 14th, your benefits will be effective December 1st).

You will be prompted through UKG, MarineMax’s Human Resources Information System (HRIS), to make your elections and all instructions will be provided. Please refer to this guide when making your elections. You will be required to provide documentation to verify your dependents.

Open Enrollment

Team Members can elect or change benefit options available each year during a period referred to as Open Enrollment. Open enrollment dates vary and occur in October with benefits effective January 1st. The plan year begins January 1, 2023 and ends December 31, 2023. This is an opportunity for Team Members to make changes to their elections without a Life Event. If you make no changes during Open Enrollment, your coverage(s) from the prior Plan Year will continue “as is.”

You will have the opportunity to add or delete coverage and to add or remove dependents. Again, you will be required to provide documentation to verify any dependents that are added to your coverage.

Dual enrollment occurs when the Team Member’s New Hire period coincides with Open Enrollment. The Team Member will be prompted to complete their New Hire Enrollment prior to making any Open Enrollment elections. It is important that the Team Member complete both events.

Qualifying Life Event (QLE)

The Update My Benefits option enables team members to change their benefits outside of the open enrollment period due to a life event. A life event refers to a change in life circumstances such as getting married, divorced, having a baby or adopting a child. A birth, for example, may require medical plan coverage to change from single to family. It is important for employees to report the type of life event and date, so that the appropriate benefit changes are completed. You will be asked to provide documentation proving the life event.

You have a 30-day window from the date of the life event to request changes. Qualifying Life Event instructions are located in the Jostle Library.

How to Create a Qualifying Life Event.

Company Paid Life Insurance: MarineMax pays for a $50,000 life insurance and a $50,000 AD&D policy for each team member.

Company Paid Life Insurance only requires you to select the plan so you can assign your beneficiaries. Since this is provided at no cost to you, you are not able to decline Company Paid Life Insurance.

Tobacco/Nicotine Users

In order to encourage Team Members to be tobacco/nicotine free, MarineMax has implemented a Tobacco/Nicotine User Surcharge. Premiums for Tobacco/Nicotine Users are higher.

This surcharge is applicable to Team Members and eligible dependents. You will be asked to attest to whether or not you or your dependents are tobacco/nicotine users. If either you or your dependents are tobacco/nicotine users the increased premium will apply.

A Non-Tobacco/Nicotine User is defined as you and your insured dependent(s) are tobacco/nicotine free and will remain tobacco/nicotine free throughout the entire plan year. Smoking and/or use of tobacco/nicotine products means use of cigarettes, cigars, chewing/pipe tobacco, or any product containing nicotine such as patches, gum, e-cigarettes, vape, etc.