Thank you for the heads-up, but i would like to respectfully reply here that this probably is not “news” at this point. Although your worry and concern may be well-founded if you are still considered a full-time employee with benefits who fears the job cuts are not over.
In the “first wave” of the job cuts in March those who lost their full-time jobs completely or were forced to sudden part-tIme status also lost ALL of their benefits effective that day. That includes insurance, vacation, seniority, etc. It is my understanding that any vacation hours accrued at that time were paid out to the employee.
As for insurance, the law requires that COBRA coverage be offered for a period of 90 days. If you accepted that offer to remain a part of HyVee’s group plan at that time you would still have insurance coverage, but you would be personally responsible for paying the premium. If you completely lost a full-time position i would assume you would be billed by mail, if still working part-time those premiums were deducted right off the top of an already painfully small paycheck. It was understood that you would automatically be dropped from coverage once the 90 days had passed or you quit paying the premiums, whichever came first.
I know a couple employees who were cut from full-time to part-time status in the “first wave”. They have reported that their COBRA coverage ended somewhere around the end of June and they had to find coverage on their own.
Something to consider; the employees caught in the “first wave” had COBRA coverage from roughly March to June.
IF there are to be further workforce cuts making good on the expressed intention to reduce HyVee’s responsibility to provide health insurance, then count roughly 3 months out from the date of the commencement of the feared “second wave”. Depending on if/when that happens, HyVee would very likely be making good on the information you have received. Either way, whether it be the end of the “fiscal” year as you guessed or the actual calendar year - they will achieve their goal.
I pray for the sake of you and your family and everyone else that there will be no “second wave” of job cuts. Its hard enough to watch the wreckage the “first wave” has left behind. Nobody deserves this. Nobody. Take care of each other.