#benefits

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COBRA Rates- cheaper than being a FTE?

I'm looking at how COBRA rates are quoted and it almost looks like COBRA rates aren't geographic specific -- nationwide. (?) So they almost look CHEAPER to me (Northern California) than FTE rates. Am I mis-reading or can somebody confirm what I'm seeing?

COBRA rates: https://teamworks.wellsfargo.com/pdf/ABE_2026/RS_COBRA.pdf


How do benefits wind down if your severance ends min-year in 2026?

Like, let's say your severance period ends on June 18, '26.

For MEDICAL, I have to have the date of service by before June 18 to count?

For a FLEX ACCOUNT, I assume there's a certain amount that has been funded by that date and then I have to have the expense incurred by that date? And how long do I have to get reimbursment?

For WELLNESS DOLLARS- I just have to do the activities by June 18?

I've found that benefits information / support is lacking for severed employees. The annual enrollment is by phone only (no online apparently) and there's nothing written that describes the specifics for how the final partial-year benefits work. Yeah I'm going to call but some of you have may have some interesting tidbits that my phone call won't uncover.


Open enrollment a benefit?

It’s curious how benefit solutions keeps calling this a vital benefit but meanwhile, they probably wish most of us gone or d.ead.
And the cost of this stuff just went up 6%. That’s nearly 4 times more than the rate my salary went up. Benefits are supposed to be beneficial. All I do is get poorer here.


Health insurance after resignation?

I accepted relocation rather than the minuscule severance (only 4 years of service). In the (hypothetical) situation where I may have accepted relocation under false pretenses in order to guarantee my bonus and a few extra months of paychecks, would my health benefits end on my last day of work (after resignation, 2 weeks notice) or until the end of the month?


Insult to Injury with 401k with Elevance Health

So, after getting the RIF, if you've been there less than 2 years, you will not be fully vested in the 401K program; if you've been there less than 3 years, you won't see the additional 4% so all that money you thought you were getting according to your Fidelity account is a complete joke.

Your account will show a "forfeiture" for the matched amount. I think some of this RIF mess is to avoid having to match folks' retirement contributions they tout so highly as a "benefit."


Increase to ELV COBRA Payments?

Has anyone heard what premium increases will be applied to the Elevance Health (formerly Anthem) COBRA insurance for past employees (i.e., RIF'd)?

Elevance Health COBRA insurance is administered either by a third-party administrator (TPA) hired by the employer or by the employer's internal HR department. Anthem offers both COBRA (continuation of group health benefits) and benefits administration solutions, though it often partners with third-party administrators like Benefit Admin Solutions or Benefit Help Solutions to manage the administrative details of COBRA.


24 Seven PBE please read

If you are a PBE freelancer on 24 Seven PLEASE reach out to them if you were laid off or are anticipating being let go. They told me to send them my personal email just in case I get locked out and my resume since they are a staffing agency.

You should also ask their HR about unemployment so you have it in writing you are eligible!! You technically do NOT work for Paramount or MTV you are a w2 employee for 24seven.

if you also are on their health insurance and get laid off you will lose benefits the end of that week but are able to continue with their premium plan plus a 2% agency fee.

I spoke over the phone with them directly because I found out we don't actually have deal memos stating our day rates/contracts which is very alarming and probably illegal and raised red flags about unemployment benefits. So every time your "contract" was up it was just to extend your email access and was made to seem like that was your real contract but it was not.

get everything in writing through email and take screenshots so you can protect yourselves!

HR@24seveninc.com
benefits@24seveninc.com


Life insurance after Jan 3

Can the laid off employee “convert”/ buy the same coverage directly from insurance company that Target was using? Has anyone done this in previous layoffs? The advantage would be no medical test or other hassles and a plan that should be reasonable


When Did You Retire

Per the title, if you have or are in the process of retiring from Fidelity and meet the rule of 70, what date did you pick and why? I know to receive your profit sharing and RHR contributions, you need to be an employee as of 12/31. If you have shares and/or bonus eligible, it would likely be pro-rated for every other full quarter. So many retire in the spring and I don’t know if I’m missing something or did you just want warmer weather? 😊 TIA


Union Sloths

Are out there trying to equalize any negative commentary.
Just one question: WHY would/does a union withhold pertinent contract information that negatively affects the same personnel they claim to be fighting for? This is what all the less tenured members are asking u die hard union folk now... you have let the union run amuck, sell you on a small incentive while throttling down 2 others? And then want to blame it on whiny b***hes for calling out the watered down benefits that are nowhere near what the original union contract started with...


HR email

Good morning,

Thank you for joining today's webinar, and I sincerely apologize for the technical difficulties. This email will summarize the takeaway that's specific to you.

As I shared in the webinar, we have been doing work across the company to remove complexity and enable our organization to move with greater speed and agility. Through that effort, we've made the difficult decision to eliminate about 1,800 HQ and global roles.

I'm sharing today that your position is one that is being eliminated.

I recognize this is incredibly difficult news. We are very committed to supporting you through this transition.

While today will be your last day of work, you will remain on Target's payroll and be paid through January 3, 2026.

You will soon receive details about your individual transition package, including severance, benefits, and career support services. In addition, resources like Spring Health are available to support you and your family.

Later this morning, you will have the opportunity to join a session to ask questions and learn more. Our HR partners will also be available to support you directly. Please watch your email for next steps.

Thank you for the impact you've had during your time at Target. These decisions are never easy and I genuinely appreciate the commitment and contributions you have made to the company.

With respect and gratitude.
Melissa


Got an offer here should I take it?

Got an offer from TIAA at either Frisco or Charlotte (my choice family in Dallas and Charlotte so relocation money out of my pocket is minimal) but already have a job at another retirement services firm. TIAA pays more and offers better benefits but still have a job that is stable for probably another year. Should I take this one or keep my current one? Glassdoor and other sites make TIAA feel like a dumpster fire especially compared to where I am now.

Also saw another post about FIS where I have some experience with and wasn’t sure but don’t want to respond to that post. Didn’t want to take the role and get laid off if they change RK system too soon.


Severance question

If we get axed on Tuesday, our pay and benefits are through Jan 3. Anyone know what the severance package is? I’ve heard some say it’s 1 week paid for every year worked, others say 1 month paid for every year worked. And do we know if all of it is paid out in a lump sum? Do we get compensated for unused vacation time?