8

Say I give my two weeks notice on a Monday, let's say the first of the month. I have a doctor appointment on that Friday. Will my medical benefits still be active to help pay for the appointment? Also, what if I'm called in for jury duty during my last weeks, will that impact anything?

  • 2
    The terms you use(and your history) make me think US so I have tagged this question as such. Please correct if I am wrong. – IDrinkandIKnowThings Oct 19 '12 at 20:08
10

You should still have benefits for the duration of your employment unless your employer informs you otherwise. You should also be eligible for COBRA Coverage in the event that your employer terminates your benefits.

Jury Duty will depend on your employer. Most Jury summons come with a phone number that you can call if you would be unable to serve during the scheduled period. If you are summoned during your notice I would call that number and ask them to reschedule you for a time after you have settled into your new job. My wife was summoned shortly after she stared her job and used this number. They were happy to push the summons back 3 months.

  • +1. I've had similar experience with jury duty in my last week of work at a company – enderland Oct 20 '12 at 4:01
11

Typically, in the US, your medical benefits are valid until the end of the month in which your employment ends. So, if you submit your 2 weeks notice on October 19th, for a final day of employment on November 2nd, your medical benefits are in place until November 30th. This is usually defined between the Employer and the Insurance company and may not apply if the company is self-insured or has less than 20 employees. Obviously, a precise answer can be provided by your HR department.

However, if you are in your notice period and still working, then you are still insured. Chad has the Jury Duty question covered.

  • Every time I have left a job with medical insurance that was company paid the insurance ended immediately upon termination unless I signed up for COBRA. – IDrinkandIKnowThings Oct 21 '12 at 15:23
  • It doesn't appear that these provisions are governed by any insurance law that I can find. My last three job changes had benefits covered through the end of the month containing my final day. – Jacob G Oct 21 '12 at 19:03
  • I am not disputing that but I do not think that it is typical. – IDrinkandIKnowThings Oct 22 '12 at 2:54
  • It's typical in my experience for US employers with typical health insurance plans. What many people (including hiring managers) don't realize is that the corollary is also very often the case: your insurance coverage does not start until the 1st of the month following your start date so if you start on the 2nd of June you are not covered by the new company's policy until the 1st of July (the assumption being that you are covered by your previous employer's policy until that date). Obviously there are many circumstances in which this logic fails so watch those start dates! – Perry Mar 7 '14 at 18:49
4

The actual day that coverage ends is dependent on the company. It could be the end of the month or it could be on your last day of work. I even knew of one company that covered you for a few weeks because they owed vacation pay.

Keep in mind that other benefits will end at the same time such as transportation / parking. Make sure you submit everything quickly so you can get reimbursed as quickly as possible.

Pay attention to the balance in your medical and child care savings account. You don't want to leave money on the table, and you don't want to overdraw. The last day of coverage will be the last day of work. Though you will be able to submit bills for a few weeks after your last day.

They should continue the 401K match for the last paycheck, and may even apply it to any vacation hours they pay. You might want to adjust your contribution rate depending on the program of your new employer. Remember that the maximum contribution counts all your contributions across all employers.

  • 1
    401k match is often done in a lump sum at set points in the year. So if you terminate before that date you do not get your match for the time between the last match and your term date. This is not always the case but it is quite common. – IDrinkandIKnowThings Oct 21 '12 at 15:25

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.