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Leaving the Company

Severance Pay Plan

When events result in involuntary loss of employment, ConocoPhillips may provide severance benefits that give employees a measure of security during transition.

COBRA

If ConocoPhillips coverage ends, you and/or your covered dependents may be eligible to continue coverage through the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). COBRA is available for medical, dental, vision and the Employee Assistance Plan (EAP). You must enroll in COBRA within 65 days of coverage ending and your COBRA effective date will be retroactive to when your employee coverage terminated.

2018 Monthly Rates

  You Only​ You + Spouse​ You + Child You + Children ​​​​​You + Family
Medical Options​ ​ ​ ​
​HDHP Base $430.44 $972.06 ​$653.82 $958.80 $1,436.16
​HDHP $546.72 $1,235.22 $831.30 $1,218.90 $1,825.80
​PPO $780.30 $1,764.60 $1,186.26 $1,741.14 $2,608.14

 

  You Only​ You + 1​ ​You + 2 or More
Dental Options​ ​ ​ ​
​CP Dental ​$41.67 ​$83.33 ​$146.98
Vision Options​ ​ ​ ​
​Vision Base ​$6.73 ​$12.24 ​$18.72
​Vision Plus ​$13.20 ​$24.05 ​$36.84
EAP​ ​ ​ ​
EAP ​$2.16 ​$2.16 ​$2.16

Note
You cannot be enrolled in COBRA Medical and in Retiree Medical at the same time. You may enroll in advance for Retiree Medical to be effective either after your COBRA Medical subsidy ends or the first of the month following your employment end date.