Terminated Employees and COBRA

When you terminate employment with the University, you may elect to temporarily continue to participate in certain University sponsored benefits or to convert certain coverage to an individual policy directly with the sponsoring insurance company.

Status of Benefit Programs Upon Termination of Employment

Continue health, dental, vision and your health care flexible spending account (FSA):

• Under Federal law, you have the right to temporarily continue health , dental , vision and FSA health care account participation.
  
• COBRA Frequently Asked Questions
  
• You pay the total monthly health, dental or vision premium plus a 2% administrative fee. You may be eligible for subsidized premiums under the American Recovery and Reinvestment Act (ARRA)
  
• To continue the health care FSA you must continue to make your regular monthly contributions after-tax.

Continue life insurance:

• To convert or port the life insurance plan complete the Group Life Conversion Application or the Group Life Portability Form and submit it to the Benefits Division within 31 days of termination. Contact your benefits counselor if you would like information concerning converting your life insurance coverage.

Some benefits may not be continued:

• Tuition benefits may be continued through the end of the term of study only.
  
• Contributions to your 403(b) savings plan ceases upon termination. To discuss conversion or distribution of your 403(b) accounts please call TIAA-CREF (800) 842-2776 or Fidelity (800) 343-0860 directly.

Monthly COBRA Premiums

Medical

Dental

Vision