Birth/Adoption

 

​

Life events such as a birth, adoption or gaining a dependent allow you to make changes to your benefits plan. Depending on the life event, you may need to add or remove a dependent from your benefit plans.

A qualifying status change allows you to add or remove a dependent from your existing benefit coverage (as applicable). Any changes made to coverage must be consistent with the Qualified Status Change under IRS Section 125.

IMPORTANT - Changes to your benefit elections due to a life-changing event must be made within 60 days from the birth or adoption of dependent.

How to Make Changes to Your Benefits Plan

1. Complete the Life Event Declaration in Dayforce. After you log in to Dayforce, look for the form under Benefits > Forms

2. Once the form has been submitted, an election window will open for you to make your benefit changes. This will be viewable under Benefits > Overview (click refresh if it is not displaying).

3. Your elections will not be processed until you click "Submit Enrollment".

4. After you submit your elections, review and print your confirmation statement.

5. Farm Credit Foundations will review all submitted changes within three business days. If an error is identified, you will be notified in the message center within Dayforce.

6. Review your pay advice to confirm you benefit deductions are reflecting accurately.
   

How to Add a Dependent to Your Benefits Plan

• Effective Date

  The date of the event in which the child is born or the official adoption date.
  

• Vendor Notification

  Completed electronically once Farm Credit Foundations is notified of the dependent's coverage; any claims submitted will automatically be processed.

Other Updates/Changes to Consider with the Birth or Adoption of a Child

• Life Insurance

  You may also want to consider updating your beneficiary designations.
  To elect coverage and designate beneficiaries log onto www.lifebenefits.com.

• Retirement Plan

  Want to change your 401(k) deferral percentage or update your 401(k) beneficiary designations?
  Go to myplan.johnhancock.com.

• Payroll/Taxes

  Need to make changes to your payroll and tax situation? Go to Dayforce to make changes to your tax withholdings or direct deposit information.

• Personal Information

  You may need to update or change some personal information by logging on to Dayforce.

  • Marital status (updating marital status does not add or remove your spouse from your health and welfare plan; you must complete a life event declaration form in Dayforce to add or remove a dependent(s) from your benefit plans)

  • Dependent information (adding or removing a dependent in Dayforce does not add or remove your dependent from your health and welfare plan; you must complete a life event declaration form in Dayforce to add or remove dependent(s) from your benefit plans)

  • Address/phone change

  • Name change (requires updated Social Security card)

  • Update emergency contact information

Already have Family or Employee + Child(ren) Coverage?

You still need to complete and submit a life event declaration form in Dayforce to add your dependent to your health care plans.

Need Additional Life Insurance?

You have 60 days from the birth or adoption date of the dependent to elect Dependent Term Life. You can also elect Group Universal Life (GUL) coverage and Optional Basic Term Life subject to underwriting.