The Loss of a Loved One
The Loss of a Loved One
The death of a loved one, whether expected or unexpected, is often has a devastating effect on you and other family members. Navigating the grieving process can be challenging, but the other changes associated with the loss of a loved one can also be difficult to comprehend and deal with.
You'll need to review your loved one's papers as well as their benefits package. Within 60 days of the death, you may elect any medical coverage you are losing under your spouse’s plan. If you currently cover your deceased spouse, you must drop their coverage for medical, dental, or vision although you may continue to cover the rest of your family.
You may also elect to change your FSA Healthcare and Dependent Care amount(s). Again, you should review your beneficiary designations for life insurance, retirement savings, and pension plans. You will need to complete your Life Event Declaration Form and Life Event Enrollment within 60 days of the qualifying event date.
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