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Human Resources Changes in Your Life
What happens when your dependent loses eligibility? Health Plan (Medical / Dental) When your dependent child graduates, reaches the age limit, or leaves school, s/he will not be eligible for health coverage. Please change from family or double coverage to double or individual coverage accordingly. Life Insurance Plan You may change your Life Insurance at this time. Flexible Spending Accounts If your child remains your tax dependent you may decide to increase your contributions to a Medical/Dental Account, or begin participation in an account, to pay for their uncovered health and dental expenses. You may also elect to reduce or cancel contributions if your child is no longer a tax dependent or if he or she obtains more comprehensive health and dental coverage elsewhere. You may not make changes to a Dependent Care Account at this time. Retirement Plan Review your investment elected under the Plan to accomodate your new situation. Be sure to make changes with the Human Resources within 30 days of your dependent's status change. |
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