Benefit Termination

When you terminate employment or stop participating in an employer-sponsored plan administered by Alerus, several changes occur regarding your benefits, including:

Flexible Spending Account (FSA), Healthcare Reimbursement Arrangement (HRA), Lifestyle Spending Account (LSA), Commuter Plans (Parking and Transit):

• Account Access: You will retain access to your Alerus online account or mobile app through the end of the current plan year and during the claim submission period that follows.
• Debit Card: If applicable, the debit card will be deactivated on your termination date.
• Claim Eligibility: Eligibility for the plan and coverage for expenses incurred during eligible service dates will end as outlined in your Summary Plan Description (SPD), which is provided by your employer.
• Claim Submission: There is a claim submission run-out period during which you can submit claims for eligible service dates that occurred while you were covered under the plan. The details of this time period are outlined in your Summary Plan Description (SPD) provided by your employer.
• COBRA Eligibility: If the specific plan and termination situation are COBRA eligible, and the account holder is offered COBRA coverage, participation in the plan will continue under COBRA until the end of the COBRA eligibility period.

Health Savings Account (HSA):

• Account Access: The account holder can keep their HSA account open with Alerus as long as there is a balance and they choose to maintain the account.
• Online Access: You will continue to have access to your Alerus online account or mobile app as long as your HSA account remains active.
• Fees: A monthly HSA account maintenance fee will be automatically deducted from your HSA balance each month while the account is active.
• Debit Card: The debit card will remain active as long as the monthly maintenance fee is paid and the HSA account stays active.