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

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

201704114

page

100

UWHC,UWMF,

Benefits,

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

Benefit Information

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

Focus

Health and Dental Insurance

Medical and dental coverage ends on the last day of the month of your resignation. If you are actively enrolled in either group medical or dental insurance, you will be eligible for COBRA continuation of this coverage for an 18-month period. Other qualifying events may extend this coverage. You will receive information in regards to COBRA at your exit interview or through the mail.

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

If you have 10 years of service and are 55+ when you leave, employees are eligible to maintain medical coverage under COBRA until Medicare eligible. You will receive information in regards to COBRA at your exit interview or through the mail from Discovery Benefits

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

All spending accounts (Health Care Flexible Spending, Dependent Care Flexible Spending, Combination Flexible Spending and Health Savings Account) end on your last day of employment.

Short Term Disability

This will end on day of termination and no continuation is available. If you are currently collecting benefits from the Short Term Disability insurance company, coverage will continue past your term date until end of disability, or 13 weeks from date of disability.

LifeLock Identity Theft Protection

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

UWMF Employees 401(k) and Profit Sharing Plan

Fidelity will provide information regarding your 401(k)/profit sharing 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

Tuition Reimbursement

Individuals who have received tuition reimbursement from UWMF must complete one year of service at an FTE of 0.5 or greater. If an individual separates employment, any tuition reimbursement paid in the 12 months prior to the date of separation will be required to be repaid. 

Employees who separate employment with UWMF but remain with UW Health (UWHC or UWSMPH) will not be required to repay any tuition reimbursement. 

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.