Home / Login Qualifying Life Events Layoff May 15, 2024

Layoff

A layoff is considered a change in your employment status, which impacts your benefits and is a qualified life event where you are permitted to make certain changes.

Click here to view the Summary Plan Descriptions for each of American Greeting’s Benefit Plans for more details on the impact of your benefits due to a qualified life event.

If you want to make changes to your benefits, log into myAGBenefits or call the AGBenefits Service Center at (877) 213-6240.

Health Care/Dental/Vision

Coverage may be continued to the end of the month following the month of the layoff, contingent upon payment of any required contributions for associates and/or dependents, when the associate is subject to a temporary layoff.

Plan coverage may be reinstated on the date the associate returns to active work if within 12 months. If the associate’s recall to work falls in the subsequent plan year, coverage will be reinstated on the date the associate returns to active work provided that the associate re-enrolls for coverage within thirty (30) days of his return to active work.

Life & AD&D Insurance & Disability

Coverage may be continued, contingent upon payment of any required contributions for optional coverage for associates and/or dependents, when the associate is subject to a temporary layoff.

  • Basic life and AD&D are continued at the company’s expense to end of month.
  • Short-term disability coverage is not continued during a layoff.
  • The associate may continue their Optional Life, Optional Dependent Life and Optional Family AD&D coverage by making the required contribution for up to 12 months for all sequential leaves.

Plan coverage may be reinstated on the date the associate returns to active work if within 12 months. If the associate’s recall to work falls in the subsequent plan year, coverage will be reinstated on the date the associate returns to active work provided that the associate re-enrolls for coverage within thirty (30) days of his return to active work.

Health Savings Accounts

You may no longer contribute to your H.S.A. when you lose eligibility to the Consumer or Enhanced Consumer Medical Plans. AG’s employer contributions stop on the date of layoff. 

For more information visit, Optum Bank or call (866) 234-8913. (plan number 199947)

Retirement Savings Plan

Contributions to your AG Retirement Savings Plan may not continue while on a layoff. You may not cash out your account.

If you have an outstanding loan you will receive additional information upon your return regarding repayment of your loan. If you do not repay your loan in accordance with the information that is provided to you, your loan will be subject to default.

For more information, contact Vanguard at www.vanguard.com/retirementplans or call (800) 523-1188.

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