Benefits Overview
Our benefits program covers your health, financial security, and work-life balance needs.
Hexcel is committed to supporting your total well-being with a comprehensive benefits package designed for you and your family.
The chart below provides an overview of the benefits available to you as a Hexcel employee. It explains who pays for benefits, the effective date of coverage, and who is eligible.
| Benefit | Who Pays? | Effective Date of Coverage | Who is Eligible |
|---|---|---|---|
| Medical/Pharmacy | Hexcel & You | First of the month following date of employment* | Full-time employees |
| Dental | |||
| Vision | |||
| Employee Assistance Program | Hexcel | Date of Hire | Full-time / Part-time employees |
| 401(k) | Hexcel & You | First of the month following three months of employment | Full-time / Part-time employees |
| Flexible Spending Account | You | First of the month following date of employment* | Full-time employees |
| Dependent Care Flexible Spending Account | |||
| Health Savings Account | Hexcel & You | ||
| Life & AD&D Insurance | Hexcel | First of the month following date of employment* | |
* If an employee’s start date is the first day of the calendar month, health insurance coverage is effective immediately.
Eligibility
To be eligible for all benefits, you must be an active, full-time employee scheduled to work 30 hours or more a week.
Dependents You May Cover
- Lawfully married spouses and dependent children up to age 26 regardless of student or marital status. Spouse does not include a person from whom an employee is divorced or legally separated or a common-law spouse.
- Unmarried disabled dependent children within 31 days after the date the child attains age 26. “Children” includes natural children, adopted children, stepchildren and children who the Plan has determined are covered under a “Qualified Medical Child Support Order” as defined by ERISA. For more information, contact your local HR representative.
Employees Who Are Married To Each Other
Only one employee of a married couple who works for the company may elect employee and spouse coverage. Additionally, if you are married to another company employee and you have children, employee and family coverage may be elected with immediate family members under only one employee’s name.
Spousal Premium
If your spouse has the option to enroll in medical coverage elsewhere but is enrolled in a Hexcel medical plan, you will pay a spousal premium of $30 per pay period (bi-weekly) in addition to the rate for your medical coverage.