HEALTH INSURANCE Faculty who are leaving after having worked September - June, and/or Staff who are leaving BB&N remain on the BB&N medical and dental who are currently receiving BB&N medical and/or dental insurance insurance plans through the last day of the month in which they work. benefits: ○ As soon as possible before the last day of BB&N work the exiting Staff ○ Will continue to have coverage through August member will receive a COBRA Election Notice from Reimbursement 31 of the year worked; Specialists Inc. (RSI). This notice allows the former BBN Staff member to either: i) waive the continuation of medical and dental insurance; or ii) ○ Will receive pay through August 31 of the year elect coverage continuation under COBRA. worked. Specifically, the last June paycheck will ○ COBRA elections require the former BBN employee to pay the full cost of be in the form of a lump sum payment including the medical/dental insurance plus a 2% administration fee, beginning pay through August, less applicable deductions after the end of BBN coverage or within a 45 day window, as explained in (ex. employee medical/dental contributions). the RSI notification. The former BBN employee may elect COBRA continuation coverage through Reimbursement Specialists Inc. A complete explanation of the benefit options available under COBRA will ○ Will receive a COBRA Election Notice from be sent from RSI to the former Staff member’s home address. RSI Reimbursement Specialists Inc. (RSI) before customer service can be reached at 877-933-5600. August 31 of the year worked. This notice allows the former BB&N faculty member to either: i) waive the continuation of medical and dental insurance; or ii) elect coverage continuation under COBRA. COBRA elections require the former employee to pay the full cost of the medical/dental insurance plus a 2% administration fee, beginning on September 1, 2022, and continuing per the details in the RSI letter. If the former BB&N employee elects COBRA coverage, all monthly payments and administration are outsourced to RSI. A complete explanation of the benefit options available under COBRA will be available through RSI before August 31. RSI customer service can be reached at 877 933 5600. 2024-2025 Offboarding Guide | 4