What happens to my benefits if I leave my job?

When an employee leaves their job, the impact on benefits can vary based on the specific benefits offered by the employer and the policies in place. Typically, health insurance coverage may end on the last day of employment or at the end of the month in which the employee leaves. Many employers offer COBRA continuation coverage, which allows former employees to maintain their health insurance for a limited time by paying the full premium. Retirement benefits, such as those contributed to a 401(k) plan, usually remain with the employee until they choose to withdraw or roll over the funds into another qualified retirement account. Depending on the company policy and the employee's tenure, there may also be provisions for vesting, which means employees might keep some or all of their employer contributions if they have reached a certain period of service. Other benefits, such as paid time off or stock options, may also be affected by job termination. Therefore, employees should review their specific benefit plans and consult with the human resources department to fully understand their options and any actions that need to be taken regarding their benefits after leaving the job. It is advisable to check the current web page for detailed information relevant to individual circumstances.