Employee Matters

This column is prepared by staff from the Office of Human Resources. E-mail questions to benefits@ohr.wisc.edu or call 262-5650. For more information, visit http://www.bussvc.wisc.edu/ecbs/ecbs.html.

Termination and benefits

I’m terminating employment with UW–Madison. Can I maintain any of my benefits?

Please contact a benefits specialist who will review the plans in which you are enrolled, provide detailed information as well as the necessary continuation or conversion application forms.

If I don’t continue or convert my benefit plans, when does my coverage terminate?

Each plan has a different date for which premiums have been paid that determines when the coverage will end. For example, if you terminate employment in early May, your health insurance coverage will be paid through July 31. Contact our office for assistance.

How much does it cost to continue each plan?

Generally, your premium could increase. If a plan has a “continuation” provision, you are entitled to maintain the same coverage that you had as an active employee. Contact OHR’s Benefits Services for continuation rates. Some plans offer only “conversion” coverage. The coverage may differ from what you had as an active employee. Conversion rates differ by plan and must be obtained directly from the benefit plan administrator.

How do I learn about benefits available to me if I retire?

A meeting with a benefit specialist to review benefit and insurance plans is strongly recommended at least six months in advance of retirement. Schedule an appointment with a benefits specialist by e-mailing benefits@ohr.wisc.edu or by calling 262-5650.

How do I update my address and bank information if I am moving at the time of termination?

Complete and submit an Employee Information Form (UW1035) to your payroll office if you will change your address. This will help to ensure that you receive any year-end tax statements from the university. If you participate in direct deposit and you are not closing your account before your last payroll, no action is required. If you are closing your account before your last payroll, complete a Direct Deposit Authorization Form (UW1032) to direct your check to the proper account. If you do not participate in direct deposit, you must provide our office with a self-addressed stamped envelope so your final check can be sent to you.

Questions?

Visit the OHR Web site at http://www.bussvc.wisc.edu/ecbs/ecbs.html for additional information, to make an appointment or to obtain forms. You may e-mail us at benefits@ohr.wisc.edu, or call 262-5650.