When your benefit ends
Coverage for yourself and your dependent(s) will end on your last day of employment. However, you may be able to continue coverage under COBRA for you and/or your dependents. In addition to COBRA, you may want to visit HealthCare.gov to learn about the medical plans available in your state through the Affordable Care Act. Different plans may be available to you at different costs. Depending on your income, you may be eligible for a government subsidy.
You and/or your eligible depedent(s) may be able to continue your medical, dental, and vision coverage through COBRA, at your own expense, if you:
- Have coverage on your last day of employment at Walmart (or last day prior to a leave of absence if you don't return to work), and
- Want to keep the same coverage you currently have.
Government regulations and your individual circumstances determine the length of time you're eligible for COBRA coverage.
If you're currently enrolled in one of our HMO plans, you may be able to convert your coverage to an individual policy when your COBRA coverage ends. Contact your HMO for details.
Generally within 30 days of your termination of employment, Walmart will notify WageWorks, the Plan's COBRA administrator, of your right to elect COBRA continuation coverage.
WageWorks will mail you a COBRA notice and election form within 14 days after they receive notification of your termination. If you don't receive the notice, call WageWorks at 1-800-570-1863.
To elect COBRA continuation coverage, return the completed form to WageWorks within 60 days of the notice. If you make this election and pay the required premiums, COBRA coverage will be effective on the day after your Walmart coverage would end. See the Associate Benefits Book for more information.
If you don't elect COBRA coverage within the 60-day eligibility period, you'll lose the right to elect COBRA coverage. You may cancel COBRA coverage at any time by ceasing to pay the premiums.
Note that conditions and restrictions apply to COBRA continuation coverage. For more information, see the Associate Benefits Book.
Contact WageWorks at 1-800-570-1863 or vist MyBenefits.WageWorks.com.
If you have a Health Savings Account, the funds in your account belong to you, but all fees associated with your account will become your responsibility after you leave the company.
Contact HealthEquity, the Health Savings Account custodian at 1-866-296-2860.
If you have a Health Savings Account you can keep it, but you'll have to pay the monthly account fee. If you don't wish to maintain it, you can close your account by contacting HealthEquity, the Health Savings Account custodian, at 1-866-296-2860. Keep in mind that if you're under 65, you'll have to pay taxes and a penalty on any account funds paid out to you.
