Graduating residents have a few options to elect COBRA coverage and convert term life insurance. On this page is a brief overview of this process.
During your active employment, benefits include:
- Medical and Dental; no payroll deduction for employee
- Group Life and Long Term Disability insurances; no payroll deduction for employee
- Voluntary benefits, such as Flexibility Spending Account or Voluntary Life are subject to employee payroll deduction
Benefits available to elect/convert after employment ends:
- Medical, Dental, Voluntary Vision (if enrolled), Flexible Spending Account plans (if enrolled)
- COBRA coverage plan available to elect
- Group Term Basic Life Insurance; conversion option available to personal plan; employee
- Voluntary Life Insurances; conversion options for employee, spouse, child(ren); if enrolled
Option to elect continuation of medical and dental plan through UMRS/UDRS
- COBRA plan benefits are identical to plan associated with active employment
- Same: In-Network (8 counties of WNY, Quest Labs, co-pays)
- Same: Out-of-Network (outside 8 counties of WNY, deductibles + 25% co-ins)
- Single deductible $1000 year
- Family deductible $2000 year
- Emergency services covered as in-network
COBRA participant’s monthly approx. cost; subject to change each July 1st
- Medical/Rx – Family $1364 Single $510
- Dental – Family $43 Single $19