After reading the VSP offer, details & information and the FAQs, these are the questions I have for leadership. Please feel free to add to the list:
- Can employees review the Separation Agreement before making a final decision? We’re being asked to make an irreversible decision (if our application is accepted) before seeing the actual release language.
- What is the true amount I will receive of if I accept the VSP? Not the estimated amount. The concern is the amount maybe lowered after our application is approved.
- If I decline the VSP and am later laid off, what severance amount would I receive? This amount could be lower or higher and plays a big part in the decision.
- What percentage of VSP applications are expected to be approved?
- What will my monthly health insurance cost be during the 6-month COBRA subsidy?
- What will the full COBRA premium cost after the subsidy ends?
- When should employees expect the lump-sum severance payment?
- If rehired by Centene, what repayment obligations apply?
- How will unemployment benefits be affected by the VSP?
- What happens if my VSP application is approved but business needs change later?
- How likely is it that accepted applicants will receive a September 1 separation date? The FAQs state the dates may vary.