Benefits After Employment

When an employee's employment ends, no matter the circumstance, their benefits will cancel at midnight on the last day of employment. It is important to know that even though benefits with the company cancel, the former employee does have options to continue coverages for some of their benefit options. See below on which benefits have contuation of coverage options.

Medical, Dental, Vision & Health Savings Plan (HSA)

Within 60 days after employment ends, the former employee can continue their current medical, dental and/or vision coverage for themself and any dependents they were covering for up to 18 months, by electing COBRA coverage. For more information about COBRA options, click here.

Flexible Spending Account (FSA)

Within 60 days after employment ends, the former employee can continue their current Health Care FSA and/or Dependent Care FSA coverage through the end of the current plan year, by electing COBRA coverage. For more information about COBRA options,  click here.

401K Retirement Savings

Generally, if you terminate your employment with your Employer and all Related Employers, you may elect to receive a distribution of your vested Account balance from the Plan. For information on how your vested balance is determined, review the plan summary document by clicking here.

Life Insurance

Former employee's have the option to continue their Life Insurance coverage through MetLife. Click here for more information.

Voluntary Benefits (Critical Illness, Accident & Hospital Indemnity)

Within 60 days after employment ends, the former employee can continue their current critical illness, accident and/or hospital indeminity insurance coverage for themself and any dependents they were covering through MetLife. Within a couple weeks after employment ends, MetLife will mail the former employee a portability letter explaining the continuation of benefit option.

Disability Insurance

Disability insurance coverage is not available to continue after employment ends, unless the employee has a current active approved claim. If an employee has a current active approved claim when their employment ends their claim will continue as long as the disability is ongoing and the coverage period has not yet ended.

Reminder:

Medical premiums taken out of each pay check are for  coverage during the pay period that is being processed. When employment ends there will be a prorated amount for medical premiums based on this, and coverage will end effective midnight the date of termination.