What happens to my benefits if I leave my current job?

If you leave your current job, the fate of your benefits depends on the specific policies and plans of your employer and NY Life Benefit Services. In general, you may lose access to employer-sponsored benefits upon termination. However, you may have several options to consider. Firstly, you might be eligible for continuation of coverage through COBRA, a federal law that allows you to maintain your employer-sponsored health insurance for a limited period. Additionally, you may be able to transfer your retirement savings to an individual retirement account (IRA) or another qualified plan. To fully understand the impact on your benefits, it is advisable to contact NY Life Benefit Services or review your plan documents for detailed information and guidance.