Medical, Prescription Drugs, Dental, and Vision Plans
If you are already enrolled in a University medical, prescription drug and/or dental and/or vision plan, you may add your child; thus changing from an individual to a 2-person or a family plan. You will be required to provide documentation indicating the date of your child’s placement in your home, the actual date of the adoption or the date that the legal guardianship documents are filed with the court. If you are not currently carrying coverage, you cannot pick up coverage for yourself or your child as a result of adoption or legal guardianship until the next open enrollment period.
Life Insurance & Disability Plans
To be sure you have coverage to accommodate the change in your family, you should re-evaluate your life insurance coverage. You may elect to pick up dependent child life insurance coverage at the time of the adoption or the date the child was placed in your home. You may also decide to change your life insurance beneficiary (ies) at this time.
Retirement and Tax Deferred Investment (TDI) Plans
You should review your investment elections and contribution amounts to make sure they reflect your new financial goals. You may need to update your beneficiary (ies) under these plans. You can change your beneficiary (ies) at any time.
Flexible Spending Accounts
You may wish to reconsider your earlier decisions about participation in Flexible Spending Accounts. You may sign up now or if already participating, you may want to change your contribution amount. You may need to increase your Health Care Account contributions to pay for uninsured health care expenses for your child with tax-free dollars. If you will have day care expenses, you may want to begin or increase your contributions to a Dependent Day Care Account. However, you may only begin the Dependent Day Care Account once you/your spouse return from adoption leave.
Be Sure to Make Changes with the Benefits Office at 774-3661 within 30 days of the date of the adoption or legal guardianship. If you do not add child(ren) within 30 days of event you will not be eligible to add until the next open enrollment
This summary is not designed to serve as your reference for the details of these benefits. There is a Summary Plan Description for each benefits plan, which is available from the Benefits Office and which contains more complete information about the plan, including important details about limitations on benefits and your legal rights. The actual provisions of each benefit plan will govern if there is any inconsistency between this summary and Central Michigan University's formal plans or contracts. This summary does not constitute a contract for any benefit.
Other changes you may need to make:
Add child to benefits
Change beneficiary(ies) for Life and Retirement Plans (Fidelity, TIAA-Cref)
Make adjustments to your Flexible Spending Account(s)
Pick up or add child ( to dependent life insurance (optional).