Page 26 - Guide
P. 26
2017 New Hire Guide
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 the end of the month
in which you terminate, provided premiums have been paid prior to
your termination of employment
Under federal law, if you, your spouse, and/or covered dependents
lose coverage under this plan, then you, your spouse, and/or your
covered dependents may be entitled to continuation of healthcare
coverage through the Consolidated Omnibus Budget Reconciliation
Act (COBRA); additional information about your continuation
coverage rights is provided at the time of, or shortly after,
termination
You will still be able to request reimbursement 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
You may elect to continue your participation in the health lexible
spending (reimbursement) plan for the remainder of the plan year;
if you do so, you must continue to make any required contributions
to the plan; if you do not wish to continue participating, your
participation will cease and no further salary contributions will be
contributed on your behalf
If your participation in the health lexible spending (reimbursement)
plan ceases, you will be able to submit claims for healthcare
expenses incurred prior to your date of termination; you must make
requests for reimbursement no later than 60 days after your date of
termination
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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 the end of the month
in which you terminate, provided premiums have been paid prior to
your termination of employment
Under federal law, if you, your spouse, and/or covered dependents
lose coverage under this plan, then you, your spouse, and/or your
covered dependents may be entitled to continuation of healthcare
coverage through the Consolidated Omnibus Budget Reconciliation
Act (COBRA); additional information about your continuation
coverage rights is provided at the time of, or shortly after,
termination
You will still be able to request reimbursement 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
You may elect to continue your participation in the health lexible
spending (reimbursement) plan for the remainder of the plan year;
if you do so, you must continue to make any required contributions
to the plan; if you do not wish to continue participating, your
participation will cease and no further salary contributions will be
contributed on your behalf
If your participation in the health lexible spending (reimbursement)
plan ceases, you will be able to submit claims for healthcare
expenses incurred prior to your date of termination; you must make
requests for reimbursement no later than 60 days after your date of
termination
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