Huber
3

Thank you for your valuable contributions to Huber! As your employment ends with Huber, review the following information to understand the actions you need to take regarding your benefits and retirement plans.

 

Plan Your Departure

 

image
  • Notify your manager about your intent to leave the Company.
  • Return all company property.
  • Make decisions about your ongoing benefits coverage. You can expect to receive COBRA information mailed to you at home after your benefits coverage ends.
  • Decide what to do with your retirement savings.
  • Contact your local HR to determine eligibility for any unused vacation days.
  • If you’re retiring, review your retiree benefit options and make your elections.
 

Your Benefit Options

Medical, dental, and vision plans — Each Retiree and any dependent enrolled in Retiree Medical/Rx are subject to a combined $500,000 lifetime maximum benefit The enrolled individual meeting the LTM, will be dropped from the medical and prescription plans as of the date the maximum is reached with no ability to re-enroll. Others enrolled in the plan will be able to stay on the plan

Flexible Spending Accounts (FSA) — If you participate in an FSA, coverage will end on the day of your separation from Huber. You may be reimbursed for expenses incurred up to your termination date. If you elect COBRA, you may be able to continue participating in your FSA. See the FSA FAQs to learn more.

Health Savings Account (HSA) — If you participate in an HSA, you will continue to own your account after you leave Huber. You will not forfeit any unused balance. However, your Huber and payroll contributions will end with your employment. See the HSA FAQs to learn more.

Supplemental life insurance — You will receive a packet with conversion and portability information from Lincoln Financial Group. They will mail the packet to the address we have on file. You may contact Lincoln Financial Group directly if you’d like to continue your life insurance coverage as an individual policy.

Total Well-Being Benefit - Access free, confidential counseling through Lyra Health.

Other Benefits – You may be able to continue other benefits like Pet Insurance or Critical Illness, Accident or Hospital Insurance. For more information on Pet Insurance, you can visit Nationwide’s website or call 877-738-7874. For more information on Critical Illness, Accident or Hospital Insurance, you can visit Voya’s website or call 877-236-7564. Additionally, you can see more information under “Documents” on this page.

 

Your Retirement Savings

If you participate in the 401(k) Savings Plan, click here to get to know your plan and review your payment options.

If you participate in the 401(k) Savings Plan, and you leave Huber, you can:

  • Roll over your vested account balance into a qualified plan through another employer or into an Individual Retirement Account (IRA).
  • Receive a lump sum payment.
  • Start installment payments.
  • Choose to defer payments until you reach age 72 ((70½ if you reached age 70 in 2019), when Required Minimum Distribution (RMD) must begin per IRS requirements).
  • Receive an annuity contract.
  • Receive partial off-cycle payments.

Contact Voya Financial at 800-35-HUBER or log into your account at jmhuber.voya.com to request payment or learn more.