In the event that you (and/or your spouse/partner) leave or retire from Cision, here is what you need to know about your benefits. Note: All benefits not listed below will automatically end on your termination date. For additional information on how your leaving Cision will impact your benefits, view the Departure FAQ provided to you by your Human Resources Partner.

Medical, Dental & Vision

When you leave Cision, your medical, dental and vision coverage (if enrolled) will terminate on your last day of employment. However, you and your dependents may be eligible to continue your health care coverage under COBRA for up to 18 months (or more, depending on the circumstances). View the 2024 COBRA rates here.

You will receive a COBRA packet from WEX approximately 14 business days after your coverage terminates.

All funds in your Health Savings Account (HSA) are yours to keep. You may maintain the account and continue contributing and/or use the funds for qualified medical expenses.

Follow these links to learn more about medical, dental and vision.

Health Care Flexible Spending Account (FSA)

Your FSA coverage (if enrolled) will terminate on your last day of employment. You can submit receipts/claim forms for claims incurred until your last day of employment.

Go to wexinc.com or call 866.451.3399 for information about your FSA and to submit claims.

Click here to learn more about FSAs.

Dependent Care Flexible Spending Account (FSA)

Your FSA coverage (if enrolled) will terminate on your last day of employment. Although you may no longer contribute to your FSA after you leave Cision, you can still submit receipts/claim forms for eligible expenses, up to the balances in your account for claims incurred prior to your termination date.

Go to wexinc.com or call 866.451.3399 for information about your FSA and to submit claims.

Click here to learn more about FSAs.

Life Insurance

Your life insurance will terminate on your last day of employment. You may be eligible to continue your and/or your dependents’ life insurance coverage under the plan’s portability or conversion options.

To find out more about your options for life insurance portability/conversion, look for an information packet from Prudential in your home mailbox within two weeks after you leave Cision.

Click here to learn more about life insurance.

Financial Benefits

You will need to decide how to handle your 401(k) plan account balance when you leave the company.

Here are your options:

• If you have a vested balance of more than $5,000, you can opt to leave your savings in the Cision 401(k) Plan
• Receive a lump sum cash distribution (state and federal taxes and penalties apply)
• Roll over your balance into another employer’s retirement plan or an IRA
• Go to the Fidelity website to learn more and make changes to your 401(k) account.