Does anyone know if get layoff, do you loss your healthcare benefit the same day? I heard Oracle will end your healthcare the same day. Is it true?
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You do not lose your health insurance the day you are notified. You will keep all your oracle benefits through your final termination date, which is often 2-4 weeks (sometimes longer) after being notified. Once you reach that final termination date, you will be switched to COBRA and Oracle cover the cost of COBRA for 30 Days after your termination date. After that, you're on your own.
In Canada, I was able to keep my healthcare benefits 6 months after the initial layoff phone call.
@a1 This is true. I was let go day after Labor Day, lost access, stop work immediately, but still full pay and benefits until the 22nd. After that, a free month of COBRA, then we were on our own for health insurance. Return your equipment, badge, corporate credit card if you had one, and sign the severance agreement, then you got a lump sum severance payment, minus taxes, shortly afterwards.
Not sure what they are doing now, if they are still doing that or not. This is what they were doing in September, '25.
It’s basically until your last day on payroll. Last day on payroll varies by WARN, etc in the US
It depends on whether you are covered by WARN or not. If the former you stay on the payroll for 2 months and receive all benefits aa usual. If the latter you only get 3 weeks
In either case you gat a month paid of COBRA if you sign the termination agreement.
It's important to be precise here. I can be precise about the US.
Once you are no longer employed by Oracle, your health insurance stops. You can get COBRA to continue it, if you want to pay for it. Or you can obtain health insurance another way.
For many people in the US, the day they are notified of the layoff, they're still technically employed by Oracle. The WARN act covers many people, and it requires that you get 60 days notice before your employment is terminated. Typically what happens is that you're notified, but then all electronic access (email, Slack, VPN) are turned off. You're technically an employee until the separation date. You get paid and you get benefits, and you keep your health insurance.
Some employees are not covered by the WARN act. It's up to Oracle if they want to give you a notification period when you're still technically an employee, like for the WARN act. Last fall they did, but it was shorter (30 days?). Oracle is not legally required to do this as far as I know.
Once you're no longer an employee, you should get severance pay. It's optional, but last fall people got it. I think it does not include health insurance. I'm not sure if it includes help with COBRA payments or not.
When we had big layoffs in September, most people I know were off the system same day but had three weeks to get things in order before end of employment.