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Human Resources Changes in Your Life
What happens when your spouse has an employment change? Health Plan (Medical / Dental / Vision) Be sure to make changes with the Human Resources within 30 days of the change in your spouse's employment. Life Insurance Plan You may change your Life Insurance at this time. Re-evaluate your Life Insurance coverage. You need to be sure that you have appropriate coverage under this plan to accommodate this change in your family's situation. Even if you have elected not to buy Supplemental Life Insurance, the University provides you with a Group Term Life Insurance at no cost to you. If you elect to buy additional Life Insurance, you will be required to provided evidence of good health. Flexible Spending Accounts When your spouse experiences an employment change, you will want to evaluate your contributions to a Medical/Dental Account to make sure they will cover any uninsured medical and dental expenses. At this time, you may want to enroll in or cancel a Medical/Dental Account or you may want to change your elected amount. If your spouse is beginning employment is ending, you may cancel your Dependent Care Account. Retirement Plan Review your investment elected under the Plan to accommodate your new situation. Often a new job results in a change in one's financial obligations, and it may be a good time to reexamine one's financial goals and make changes to investments. Be sure to make changes with the Human Resources within 30 days of the change in your spouse's employment. |
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