Page 26 - Fontbonne 2021 New Hire Guide
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What Happens If I Terminate Employment?
If you terminate your employment with Fontbonne University during the plan year, your right to beneits will be
determined in the following manner.
You will remain covered by insurance up to You may elect to continue your participation in
the end of the month in which you terminate, the health lexible spending (reimbursement)
provided premiums have been paid prior to your plan for the remainder of the plan year; if you
termination of employment do so, you must continue to make any required
Under federal law, if you, your spouse, and/ contributions to the plan; if you do not wish to
or covered dependents lose coverage under this continue participating, your participation will
plan, then you, your spouse, and/or your covered cease and no further salary contributions will be
dependents may be entitled to continuation of contributed on your behalf
healthcare coverage through the Consolidated If your participation in the health lexible
Omnibus Budget Reconciliation Act (COBRA); spending (reimbursement) plan ceases, you will
additional information about your continuation be able to submit claims for healthcare expenses
coverage rights is provided at the time of, or incurred prior to your date of termination; you
shortly after, termination must make requests for reimbursement no later
You will still be able to request reimbursement than 60 days after your date of termination
for qualifying dependent care expenses for the
remainder of the plan year from the balance
remaining in your dependent care account at the
time of termination of employment; however, no
salary contributions will be made on your behalf
after you terminate
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If you terminate your employment with Fontbonne University during the plan year, your right to beneits will be
determined in the following manner.
You will remain covered by insurance up to You may elect to continue your participation in
the end of the month in which you terminate, the health lexible spending (reimbursement)
provided premiums have been paid prior to your plan for the remainder of the plan year; if you
termination of employment do so, you must continue to make any required
Under federal law, if you, your spouse, and/ contributions to the plan; if you do not wish to
or covered dependents lose coverage under this continue participating, your participation will
plan, then you, your spouse, and/or your covered cease and no further salary contributions will be
dependents may be entitled to continuation of contributed on your behalf
healthcare coverage through the Consolidated If your participation in the health lexible
Omnibus Budget Reconciliation Act (COBRA); spending (reimbursement) plan ceases, you will
additional information about your continuation be able to submit claims for healthcare expenses
coverage rights is provided at the time of, or incurred prior to your date of termination; you
shortly after, termination must make requests for reimbursement no later
You will still be able to request reimbursement than 60 days after your date of termination
for qualifying dependent care expenses for the
remainder of the plan year from the balance
remaining in your dependent care account at the
time of termination of employment; however, no
salary contributions will be made on your behalf
after you terminate
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