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| WHAT IF I...? |
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Leave Valassis
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Here's what you need to do:
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Submit a letter of resignation to your manager which states
your last day of work.
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Consider termination of benefits. If you leave
Valassis, your benefits coverage will end on your last day of the
month of employment (unless noted otherwise as indicated below)
for:
- Medical, dental and vision benefits (coverage ends on the last
day of the month in which you terminate)
- Basic Life,AD&D, Dependent Life and Voluntary Life Insurance
(date of termination)
- Health Care Spending Account (date of termination)
- Dependent Care Spending Account (date of termination)
- Retirement Savings Plans (date of termination)
- Consider portability or converting your insurance coverage.
You can elect the portability option which means you can take this
important coverage with you at a reasonable group rates when you leave
Valassis or you can convert your Basic and Voluntary Life Insurance
to an individual policy. You will need to complete a Notice
of Conversion Privilege and submit it directly to Sun Life. There
is additional information regarding the converstion process here.
Please click here for more
information regarding these options.
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Consider electing COBRA coverage.
Benefits terminate the end of the month in which you terminate employment.
You will receive notification of your rights to continue your medical,
dental, vision and prescription benefits and the Health Care Spending
Account through the provisions of COBRA.
Notification will arrive about mid month following your benefit
termination date. The cost for COBRA continuation is 102% of the
full premium rate.
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Review unused vacation days. You will be paid
for any vacation days you have accrued but not taken.
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Consider Retirement Savings Plans options. Review
the guide
to your retirement plan options when you leave Valassis and contact
JPMorgan at 800-345-2345 for assistance.
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