Your next steps
- 1
Update your information.
Before you go, update your mailing and personal email addresses so you can receive your last paycheck and benefits-related notices.
- 2
Understand your paycheck.
Your final paycheck will have deductions for your current benefits. You'll also be paid for paid time off that you have accrued but haven’t taken yet.
- 3
Decide your medical coverage.
You have medical coverage options, including Medicare (if eligible), COBRA or a Marketplace (opens in a new tab) plan, so you can choose the right plan for you and your family.
- 4
Access your 401(k) account.
You can choose to keep your money in the plan, roll it over or start taking distributions. Principal will notify you of your options, or you can call 800-547-7754 or visit their website.
- 5
Spend your Flexible Spending Account (FSA) money.
Use any remaining FSA dollars before your last day of work, if possible. You can only get reimbursed for expenses you incurred on or before your last day of work. Submit claims by March 31 of next year.
- 6
Stop contributing to your Health Savings Account (HSA).
If you have an , you can continue to use your HSA funds tax-free for eligible expenses, even after you retire. However, you must stop contributing to your HSA at least six months before signing up for Medicare. You can’t contribute to an HSA when you’re enrolled in Medicare.