Benefits Status Change When You Have a CHILD(ren)

An information series from Central Michigan University's Benefits Department

Medical, Prescription Drugs, Dental, and Vision Plans

As a result of your child's birth, you may add your child to your medical, prescription drugs, and/or dental plan and/or vision coverage. If you are already enrolled in a family medical plan, add your newborn to the plan by filling out the appropriate forms at the Benefits Office. If you are not currently carrying coverage, you cannot pick up coverage for yourself or your child as a result of the birth 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 your child's birth. You may also decide to change your life insurance beneficiary (ies) at this 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 maternity leave.

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 wish to update your beneficiary (ies) under these plans as well.

Be Sure to Make Changes

with the Benefits Office at 774-3661 within 30 days of the birth of your child (ren). If you do not add child (ren) within 30 days of event you will not be eligible to add till the next open enrollment.

**Read: Guide for Qualifying Status Change Events? before filing a status change forms.

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 (ren) 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(ren) ( to dependent life insurance (optional).