What is the impact of layoff on the employees insurance benefits?
Medical, dental and optical coverage ends on the last day of the period for which the employee has an eligible appointment and premiums are paid. For example: if the layoff date is June 30, the final July 1 paycheck will pay premiums for the month of July, and coverage would end July 31. The employee and/or the eligible family members may be eligible to continue UC-sponsored coverage under COBRA continuation. There is a very limited time to take advantage of COBRA continuation: the employee should refer to the COBRA Continuation of Group Insurance Coverage notice. Coverage end dates and conversion privileges vary for Life, Dependent Life and AD&D insurance plans. Disability coverage ends on the employee’s last day of active employment and is not available for continuation or conversion. Please refer to the Indefinite Layoff Benefits Checklist for additional information about any of these insurance plans.
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- What is the impact of layoff on the employees insurance benefits?
- What is the impact of layoff on the employee’s insurance benefits?