Will we still have access to mysites once laid off? Also how do ongoing benefits that expire at the end of year go? FSA, wellhub, and health equity? Do we need to use that all before termination, or end of severance, or end of year?
2 replies (most recent on top)
You lose your wellhub discount but can keep the membership if you want.
Good questions! You have the right mindset, protect you benefits/assets and move on. FSA and HSA accounts are held by a third party company and you will still have access to them. No new money will be added to them but it also won't be revoked. Any rules about how or when you have to use the funds won't change. You can rollover funds to your new health accounts at your new employer when that happens. I find it easier to have everything in one place. You would be surprised how many people leave money orphaned in old accounts. Don't forget about your 401k and stock accounts either... rollover, rollover, rollover... it's free and you keep your money consolidated in one place so it is easier to manage. Move away from accounts that Oracle still has management control over. You will have a wider range of investments available for lower fees.