Benefits Status Change When You TERMINATE Your CMU Employment

An information series from Central Michigan University's Benefits Department

Medical, Prescription Drugs, Dental, and Vision Plans

All medical, prescription drug, and/or dental coverages end on the date that you terminate employment with CMU. You may need to be added to your spouse's insurance plan through his or her employer. This applies to all employee groups except regular faculty. Fixed-Term faculty (1/2 time or more) and Regular faculty members need to see Benefits in Brief for actual termination dates. Medical, prescription drug, and/or dental claims will be paid as set forth by the plans through the date of termination. If you are carrying medical, prescription, and/or dental coverage at termination, CMU will offer you the option of maintaining these coverages for up to 18 months through COBRA if you are not eligible for coverage through another insurance plan.

Life Insurance & Disability Plans

All Life Insurance and Disability Plan coverages stop on the date that you terminate employment with CMU. This applies to all employee groups except regular faculty. (Regular faculty and Fixed-Term faculty, 1/2 time or more, members need to see Benefits in Brief for termination date of benefits.)

Other changes you may need to make:

To continue coverage on all or part of your current benefits through COBRA

To make adjustments to your Flexible Spending Account(s)

Flexible Spending Accounts

If you are enrolled in the Health Care Flexible Spending Account, your contributions will cease and claims incurred up through the date of termination will be eligible for reimbursement. Any claims made after the date of termination will not be eligible for reimbursement from the account. If you are enrolled in the Dependent Day Care Account, your contributions will cease but eligible expenses incurred through the date of termination are eligible for reimbursement. You may choose to continue to contribute to your flexible spending accounts through COBRA, however, these contributions will be continued on a post-tax basis.

Retirement and Tax Deferred Investment Plans

Since they are based on salary paid to you, University contributions to your retirement and your contributions to a tax deferred investment will cease on the date of termination.

Be Sure to Make Changes with the Benefits Office at 774-3661 within 30 days of the termination of your employment.

**Read: Guide for Qualifying Status Change Events before filing a status change forms.

This summary is not designed to serve as your reference for the details of these benefits. There is a Summary Plan Description for each benefits plan, which is available from the Benefits Office and which contains more complete information about the plan, including important details about limitations on benefits and your legal rights. The actual provisions of each benefit plan will govern if there is any inconsistency between this summary and Central Michigan University's formal plans or contracts. This summary does not constitute a contract for any benefit.?

CENTRAL MICHIGAN UNIVERSITY

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Phone: 989-774-4000

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