Within a limited timeframe after the date of your child's birth or adoption, you will want to evaluate changes to health insurance, for example, so the newest addition to your family will have medical coverage. Here are some of the benefits issues you'll want to consider.
Health, Dental, and Vision Plans
- Compare costs and coverage of the health, dental, and vision plan family plan options offered by MIT and the employer of your spouse or partner to determine the best option.
- Change or enroll in health, dental, and vision plans within 31 days from the date of your child's birth or adoption.
- If you do not make changes within 31 days, you must wait until the next annual Open Enrollment event.
- If this new addition to your family changes your eligibility for Medicaid or the State Children's Health Insurance Program, you have 60 days to make corresponding changes to your health-related benefits. Learn more about Medicaid and SCHIP.
- Visit Atlas to evaluate your participation in the MIT Supplemental Life Insurance Plan. Dependent child life insurance coverage can be added within 31 days from the date of your child’s birth or adoption or during Open Enrollment.
- Review and update your beneficiaries at any time of the year by submitting the beneficiary designation form below to the MIT Benefits Office.
Flexible Spending Accounts
- You may enroll, cancel, or make changes to your MIT Dependent Care FSA or MIT Health Care FSA within 31 days of your return from a parental leave or during Open Enrollment.
Don't miss the opportunity
Remember that if you do not meet the timeline described above for modifying your benefits, you will have to wait until the next annual Open Enrollment period to do so.
Why the Period for Making Changes is Limited
Most of the benefit plans offered through MIT are paid with pre-tax dollars. In exchange for the tax advantage, you legally cannot enroll in, cancel, or make changes to your medical, dental, or reimbursement account plans outside of the annual Open Enrollment period, unless you experience a qualifying change in your life like the one described above.
MIT's policy for allowing changes outside Open Enrollment in the case of certain qualifying life events is consistent with the federal Department of Labor guidelines under the Health Insurance Portability and Accountability Act of 1996 (HIPAA).