Thread regarding Fiserv Inc. layoffs

No relo- benefit package

Anyone have any idea what Cobra costs if you don't relo and are let go? I heard they may pay for 6 months on this side but what does it cost later on?

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Post ID: @OP+1dihPrJR

10 replies (most recent on top)

Yes, 26 weeks max (for 13 years of service).

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Post ID: @4rem+1dihPrJR

Can anyone confirm that the severance package is up to 26 weeks based on time spent at Fiserv?

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Post ID: @3woz+1dihPrJR

I was one of the people laid off and fiserv is paying 'their portion' of cobra for six months. So I pay what I was paying when I was working there. After that, assuming I still need it, I pay the whole price every month.

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Post ID: @3zzb+1dihPrJR

The FAQ with the package stated the COBRA rate will be the same as our current insurance rate for 6 months.

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Post ID: @1kvs+1dihPrJR

Cobra coverage For 2 people (ex-fiserv employee and spouse) it's over $1200.00 a month.

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Post ID: @dtv+1dihPrJR

It is in the Employee handbook which I don't have access to right now. But it was over $700/month per single employee last I saw it.

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Post ID: @dcg+1dihPrJR

You can find the rates on FUEL. I was able to look that up before I left.

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Post ID: @vaf+1dihPrJR

Sounds low. In Cobra you pay your side and the company side. Wondered what the company side costs.

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Post ID: @ptb+1dihPrJR

A quick Google search say 400 - 500 per month.

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Post ID: @qnm+1dihPrJR

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