Life Events

Marriage

So, you're getting married? Congratulations! However, take note: entering into the married state has legal and financial implications as regards your health and pension benefits; it is imperative that you review and address these benefit plan issues early on. We present here a summary of the Health and Pension issues you need to understand to get a good start in your new life (so that you can get back to more important things, such as fighting with the caterer).

Plan Checklist

  • You must complete a New Dependent Form and include proof of the marriage. This must be done within 30 days of the marriage in order to ensure Health Plan coverage for your new spouse. Valid proof is a copy of the marriage certificate.

  • You should review your designations of beneficiary on both the Pension and Health Plans.

  • Review the rules for coordination of benefits. Coordination of benefits rules govern how each plan will pay for health coverage if each spouse has group health insurance. Click here to view the relevant section of the plan summary.

  • Review the rules for pre-retirement death benefits from the Pension Plan. You should be aware that the rules for married persons are different from those for single persons. When you get married, your spouse gains certain rights with regard to these benefits. Click here to review the pertinent section of the pension plan summary.

Also Consider...

Financial planners recommend that recently married and those planning to get married should update a number of personal plans and documents. Here is a checklist of some items which you may need to update, revise, or consider:

External Links

  • Nolo Marriage

    Good FAQ dealing with many of the surrounding legal issues, procedures, and processes about marriage. Topics include records, change of name, marriage license, etc.

  • The National Healthy Marriage Resource Center (NHMRC)

    A clearinghouse for high quality, balanced, and timely information and resources on healthy marriage. The NHMRC's mission is to be a first stop for information, resources, and training on healthy marriage for experts, researchers, policymakers, media, marriage educators, couples and individuals, program providers, and others.