HEALTH INSURANCE Faculty who are leaving after having worked September - June, and/or who are currently receiving BB&N medical and/or dental insurance benefits: ○ Will continue to have coverage through August 31 of the year worked; ○ Will receive pay through August 31 of the year worked. Specifically, the last June paycheck will be in the form of a lump sum payment including pay through August, less applicable deductions (ex. employee medical/dental contributions). ○ Will receive a COBRA Election Notice from HealthEquity before 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 and continuing per the details in the HealthEquity letter. If the former BB&N employee elects COBRA coverage all monthly payments and administration are outsourced to HealthEquity . A complete explanation of the benefit options available under COBRA will be available through HealthEquity before August 31. HealthEquity customer service can be reached at 877 722 2 667. Staff who are leaving BB&N remain on the BB&N medical and dental insurance plans through the last day of the month in which they work. ○ As soon as possible before the last day of BB&N work the exiting Staff member will receive a COBRA Election Notice from HealthEquity. This notice allows the former BBN Staff member to either: i ) waive the continuation of medical and dental insurance; or ii) elect coverage continuation under COBRA. ○ COBRA elections require the former BBN employee to pay the full cost of the medical/dental insurance plus a 2% administration fee, beginning after the end of BBN coverage or within a 45 day window, as explained in the HealthEquity 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 be sent from HealthEquity to the former Staff member’s home address. HealthEquity customer service can be reached at 877 722 2667. 2026 - 2027 Offboarding Guide | 2 FACULTY: STAFF: