If an employee loses his or her job and goes on COBRA, can they continue using their personal funding account?
HSA funds remain available to employees even after they have changed jobs, and may be used to pay COBRA premiums during the time they are unemployed. FSA funds remain available to employees until the funds are exhausted or the end of the plan year, whichever comes first. HRA funds will remain available for as long as the HRA plan is maintained under COBRA continuation coverage.
Related Questions
- If an employee’s position is reclassified to a different job classification, will they continue to be covered by the current MOU and/or represented by the same Union?
- I took over the job of an employee who left Yeshiva University and Ive been using their old email account, and it suddenly stopped working. Whats the problem?
- If an employee loses his or her job and goes on COBRA, can they continue using their personal funding account?
