/pay/,/pay/life-events/,/pay/life-events/life-events-physicians-uwmf/,/pay/life-events/life-events-physicians-uwmf/leaving-uwmf/,/pay/life-events/life-events-physicians-uwmf/leaving-uwmf/benefit-information/,

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Pay & Benefits,Life Events,Life Events (Physicians) (UWMF),Leaving UWMF

Benefit Information

Benefit Information - Pay & Benefits, Life Events, Life Events (Physicians) (UWMF), Leaving UWMF

Focus

Information below is specific to what happens to your benefits with UW Medical Foundation if you resign. For information regarding your UWSMPH benefits, please contact Employee Services at (608) 262-5650.

Dental Insurance 

Dental coverage ends on the last day of the month of your employment. If you are actively enrolled in dental insurance, you will be eligible for COBRA continuation of your coverage for an 18-month period. Other qualifying events may extend this coverage. You will receive information in the mail regarding COBRA.

If you elect COBRA coverage, you are eligible for the dental insurance as offered to employees each year and are responsible for paying the entire COBRA premium.

Life Insurances and Long Term Disability

These insurances end on your last day of work. The insurance company provides a 31-day grace period beyond your date of resignation, during which you can convert the policy to individual coverage paid directly by you. In order to obtain a conversion quote, please call Buchholz Planning at (608) 274-8989.

Flexible Spending Accounts

Health Care Flexible Spending ends on your last day of work. If you are actively enrolled in health care flexible spending, you will be eligible for COBRA continuation of this coverage through the end of the calendar year. You will receive information in regard to COBRA in the mail.

If you elect COBRA, you are eligible for the health care flexible spending account offered to employees and are responsible for paying the entire COBRA premium. 

LifeLock Identity Theft Protection

LifeLock Identity Theft coverage ends at the end of the month in which you terminate employment.

UWMF Physicians Retirement Plan

Fidelity will provide information regarding your Physicians Retirement Plan after your last check is issued. This information includes your choices to:

  1. Leave your balance in the plan until age 70 ½, provided you have a $1,000 balance at the end of your employment
  2. Rollover your funds to another qualified retirement plan
  3. Rollover your funds to an IRA
  4. Disburse your funds to yourself - penalties and taxes may apply

Please contact Fidelity for specific information:

Fidelity Retirement Benefits Line
1-800-343-0860 or www.fidelity.com/atwork

Paid Time Off

All accrued paid time off will be paid out on your last check if all appropriate notice regulations are met (see above). Please check with your supervisor or Human Resources if you have questions.

You must work during your notice period. If you give more than the required notice, time off may be taken providing you work the equivalent of the notice period as outlined above. Time off must be pre-approved by your supervisor.

Paid time off is not considered earned until the completion of six months of employment. No paid time off will be paid out on the last check. Employees who terminate prior to the completion of six months who have borrowed time will be have used paid time off deducted from their final paycheck.