What happens to my benefits payment if I leave the company?

If you leave JP Morgan Chase, your benefits payment will be impacted. The specific changes depend on the benefit program in question. For instance, your health coverage may end on the last day of the month when your employment terminates. However, under the Consolidated Omnibus Budget Reconciliation Act (COBRA), you may have the option to continue your health coverage for a limited period, typically up to 18 months, by paying the full premium yourself. Similarly, your retirement savings plan, such as a 401(k), will remain intact and can be managed independently or rolled over to another eligible retirement account. Other shared benefits, such as life insurance or employee discounts, may also cease after leaving the company. It is important to review the specific benefits program details and consult with the HR department for accurate information tailored to your circumstances.