Death :: MPTN Advantage

Death
Benefit	What You Should Know
Medical and Prescription Drug Coverage	Your dependents’ coverage ends on the last day of the month of your death. Your eligible family members may continue coverage through COBRA.
Dental and Vision Coverage	Same as Medical, above.
Health Care Flexible Spending Account (FSA)	Your participation ends on the day of your death. Your dependents may file claims for eligible expenses incurred before your death until March 31st of the following year.
Dependent Care Flexible Spending Account (FSA)	Your participation ends on the day of your death. Your dependents may file claims for eligible expenses incurred before your death until March 31st of the following year.
Short-Term Disability	Your coverage ends.
Long-Term Disability — Basic Coverage	Your coverage ends.
Long-Term Disability — Buy-Up Option	Your coverage ends.
Basic Life Insurance	Your beneficiary should file a claim.
Supplemental Life Insurance	Your beneficiary should file a claim. Coverage for your dependents ends on the date of your death. Dependents may be eligible to convert their group coverage to individual policies.
401(k) Plan	When you die while actively employed at MPTN, you become fully vested in your entire account balance, regardless of your years of service. When a distribution is made to your beneficiary on account of your death or to your ex-spouse on a Qualified Domestic Relations Order (QDRO), it will be subject to a mandatory 20% federal income tax withholding unless directly rolled over into an IRA or another qualified plan that accept rollovers. The 10% early withdrawal penalty does not apply. Your beneficiary can choose to leave the funds in the plan and can decide on how it is invested. Funds left in the plan, however, are subject to federal minimum required distribution rules. These rules will vary based on whether the spouse is the beneficiary and whether your death occurs before or after you were required to begin minimum required distributions.