Congratulations on moving on to life’s next challenge for you.
Coverage Period After Retirement
When you are leaving Palmetto Health or you unenroll in coverage due to a qualifying life event, your medical, dental and vision benefits will continue until the end of the pay period in which you work. Once your coverage ends, you will be eligible to continue coverage by enrolling in COBRA coverage and paying the full premium.
See the chart below for a complete list of when the various plan coverages end.
|Type of Coverage||Coverage Ends|
|Medical – HRA Plan||End of pay period in which you work|
|Medical – HSA Plan||End of pay period in which you work|
|Dental – Delta Dental||End of pay period in which you work|
|Vision – BCBS of South Carolina||End of pay period in which you work|
|Life and Accidental Death and Dismemberment||End of pay period in which you work|
|Short-Term Disability||Date of termination or once you no longer meet the definition of disabled|
|Long-Term Disability||Date of termination or once you no longer meet the definition of disabled|
|Employee Assistance Program – E-CARE||End of pay period in which you work|
|Group Legal Plan – ARAG®||End of pay period in which you work|
|Voluntary Group Critical Illness, Accident and Hospital Indemnity – AFLAC||End of pay period in which you work|
|HRA Account||End of pay period in which you work|
Preparing for Retirement
Invest some of what you earn today for what you plan to accomplish tomorrow.
- Increase Your Palmetto Health Tax-Sheltered Annuity Savings Plan Contributions. If you are an eligible team member, you can earn a dollar-for-dollar match of your contributions from Palmetto Health, up to at least 3.5 percent of your biweekly pay. That’s like getting “free” money! You can save up to $18,000 per year (including the Palmetto Health contribution). If you’re over 50, you can save an additional $6,000. Learn more.
- Consider Contributing to a Health Savings Account. One of the benefits of a Health Savings Account (HSA) is that you can roll over the balance year after year. In effect, you can use your HSA as supplemental retirement income once you reach age 65. Learn more.