The following provides a summary of what happens to your DXC benefits, things to consider and actions you need to take when you retire from DXC.
- If you are planning your retirement, visit the financial well-being section of the Resource Center for additional retirement planning resources.
- Your DXC health and welfare benefits end at 11:59 p.m. on your last day of employment.
- Through COBRA (the Consolidated Omnibus Budget Reconciliation Act), you may be able to continue health care coverage (medical, dental and vision) for you and your covered dependents under the plan(s) in which you are currently enrolled.
- If you are age 65 or older, learn about when and how to sign up for Medicare.
- If you are enrolled in a DXC Bronze, Bronze Plus or Silver medical plan option and elect COBRA continuation coverage, you may continue to earn wellness incentives through the Healthy Behaviors Wellness Program during your period of COBRA coverage. The wellness incentives will be paid out via a physical check or direct deposit and not as a deposit to your Health Savings Account (HSA).
- The Health Savings Account (HSA) is yours to use and grow. If you choose to leave your HSA with MetLife, your account will convert to an individual retail account, and you can continue to access the funds. You will not be able to make contributions to your account unless you are participating in a qualifying medical plan. You will be responsible for any monthly maintenance fee.
- Your Health (and Limited Purpose Health) Flexible Spending Account (Health FSA) coverage ends at 11:59 p.m. on your last day of employment. If you have an outstanding Health FSA balance, you may elect COBRA to extend your period of coverage through December 31 of the current plan year. If you have a balance in your Health FSA, you have until March 31 of the following year to submit your reimbursements for eligible expenses incurred prior to the date your period of coverage ends. Any unspent funds by these deadlines will be forfeited under the IRS’s “use it or lose it” requirement.
- Your Dependent Care Flexible Spending Account (Dependent Care FSA) coverage ends on December 31 of the current plan year. If you have a balance in your Dependent Care FSA, you have until March 31 of the following year to submit your reimbursements for eligible expenses incurred prior to the date your period of coverage ends. Any unspent funds by these deadlines will be forfeited under the IRS’s “use it or lose it” requirement.
- Any outstanding Commuter Reimbursement Account (CRA) funds left in your CRA at 11:59 p.m. on your last day of employment are forfeited. The deadline for submitting parking reimbursement claims is 180 days from the date the expense is incurred (as long as it was incurred before your last day of employment), but no later than March 31 following the end of the plan year.
- If the CRA vendor, MetLife, receives notice of your separation from employment on or before the 10th of the month, your CRA order will be cancelled.
- If MetLife receives notice of your separation from employment after the 10th of the month, your order for the following month will be processed (if your order is for the Long Island and Metro-North Rail Roads, the cutoff is the 4th). If you want to ensure your order is cancelled, log into your CRA account through MetLife and cancel your participation.
- You have access to the DXC LifeManagement Employee Assistance Program (EAP) through the end of the month in which your employment ends. You can continue coverage through COBRA for less than $1.20 per month.
- Your life insurance, accidental death & dismemberment (AD&D) insurance, and disability income protection coverage will end at 11:59 p.m. on your last day of employment. You may be able to continue certain coverages through what is called “port” and “convert” options. Please consult the current DXC Employee Benefits Guidebook for details, including plan rules and limitations, or contact the carrier directly.
- For life insurance, contact MetLife if you’d like to continue your coverage. You may also receive a call directly from a financial professional contracted by MetLife to help you make this important financial decision.
- For AD&D insurance, contact Zurich if you’d like to continue your coverage.
- For disability income protection insurance, you might be able to convert your long-term disability (LTD) coverage to an individual policy if you meet certain criteria. Contact The Hartford for details. There is no option to continue short-term disability (STD) coverage.
- Your legal services coverage ends at 11:59 p.m. on your last day of employment. You may continue your coverage for 12 months after your employment ends by contacting MetLife.
- Your identity theft protection coverage ends at 11:59 p.m. on your last day of employment. If you want to continue coverage, contact Allstate within 90 days of your last day of employment.
- Your hospitalization insurance, critical illness insurance and accident insurance ends at 11:59 p.m. on your last day of employment. If you want to continue coverage, contact MetLife within 30 days of your last day of employment.
- In the DXC 401(k) plan, your contributions and company matching contributions stop when your paychecks stop. Fidelity will send a notice to your home address or personal email address within 7 to 10 business days after your last day of employment, including information about your distribution options and tax implications. You may also contact Fidelity for your account options.
- Update your beneficiary information to protect your family’s financial well-being.
- If your address, phone number and/or email changes at any time in the future, update your personal information so you can continue to receive important benefits information such as your W-2. To update your personal information after you leave DXC, use the Employee Connect link for alumni which you’ll receive upon your departure from DXC.
- See the Departure Details guide for additional information about your benefits and what happens when your DXC employment ends.