For Medical, Dental, Voluntary Life Insurance, and Voluntary Accidental Death & Dismemberment coverage, you can cover:
- Yourself
- Your legal spouse or Domestic Partner
- Your children including:
- Biological children
- Stepchildren who reside with you
- Children under legal guardianship and
- Adopted children
Dependent children must be under age 26. Disabled children may be covered beyond age 26.
Adding Dependents to Coverage
If you are adding a dependent to your coverage for the first time you must do it within 60 days of your dependent becoming eligible for coverage. Thereafter, you may only add or remove dependents when you experience a Qualifying Status Change such as birth, marriage or divorce or during the annual enrollment period.
Verifying Dependents
Verification is required any time you add a dependent to coverage in a medical plan. If you enroll a dependent for coverage, you will be required to verify your dependents’ eligibility by providing a copy of a valid marriage certificate, birth certificate or court order.
A week after you enroll, there will be a "Dependent Verification" link on your account at YourTransoceanBenefits.com where you can upload the required documents. This link will walk you through the verification process and will provide information about the approved documents accepted for each dependent. You will also receive instructions by mail for providing the required documentation. After you provide documentation for your dependents, the Dependent Verification team will either confirm that your dependents are successfully verified or request additional documentation for verification. You will have 45 days to submit the required documents and verify your dependents. If you do not complete and return the requested documents, your dependents will be ineligible for coverage and dropped from Transocean benefits.
Why do we need to ensure only eligible dependents are covered?
As a self-insured medical plan, Transocean is responsible for paying the claims submitted by members in the plan, including covered dependents. That’s right; Transocean pays the claims submitted by each of us as members in the plan. For example, if you go to the doctor and your statement says, “Insurance paid $200,” that is $200 paid by Transocean to the cost of your medical care.
The claims submitted and paid by Transocean are a direct contributor to the amount you pay for insurance premiums. The more claims experienced and paid by the company, the larger future annual premiums will be. As a plan sponsor, Transocean is responsible for ensuring claims are paid appropriately (utilizing MSH) and only eligible claims expenses for eligible dependents are paid, to ensure costs for all plan participants are managed.