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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Yes, 26 weeks max (for 13 years of service).
Can anyone confirm that the severance package is up to 26 weeks based on time spent at Fiserv?
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.
The FAQ with the package stated the COBRA rate will be the same as our current insurance rate for 6 months.
Me + spouse was $750 a month ago
Cobra coverage For 2 people (ex-fiserv employee and spouse) it's over $1200.00 a month.
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.
You can find the rates on FUEL. I was able to look that up before I left.
Sounds low. In Cobra you pay your side and the company side. Wondered what the company side costs.
A quick Google search say 400 - 500 per month.