Other benefit considerations: What happens to your other benefits at retirement?
Benefit
Ends at Retirement
Option to Continue
Company-Sponsored Basic Life Insurance
Yes
Yes Can convert active coverage to an individual policy
Short-Term Disability (STD)
Yes
No
Long-Term Disability (LTD)
Yes
No
Optional Life Insurance
Yes
Yes Can convert or port active coverage to an individual policy.
Business Travel Accident (BTA) Insurance
Yes
No
Voluntary Accidental Death & Dismemberment (VADD) Insurance
Yes
No
Critical Illness Insurance
Yes
No
Hospital Indemnity Insurance
Yes
No
Accident Insurance
Yes
No
Group Legal Services
Yes
No
Flexible Spending Accounts (FSAs)
Yes1
No2
Identity Theft Protection
Yes
Yes Can establish direct payment for coverage with carrier
Pet Insurance
Yes
Yes Can establish direct payment for coverage with carrier
Auto and Homeowners Insurance
Yes
Yes Can establish direct payment for coverage with carrier
Commuter Benefit Program
Yes
No
1 The deadline to file FSA claims for eligible expenses is March 31 of the year following your retirement.
2 If you have an underspent Health Care FSA, you may continue coverage through the remainder of the current plan year by electing COBRA continuation coverage for the Health Care FSA.
Note: You and your family members may continue to use the Employee Assistance Program (EAP) for 18 months if you elect COBRA. EAP coverage is automatically included, at no additional cost, if you elect COBRA.