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| Now Showing: Life Event Guide to Benefits |
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| MARRIAGE |
Marriage is one of the most important of all the great events of life. As such, make sure you and your spouse get a good start on your new life. It would be easy to overlook the many legal and financial implications of the change from single to married status. The couple must deal with extensive planning, emotional turmoil, and minor and major lifestyle changes. In the long run, though, it is easier on both people if several benefit plan issues are addressed early on. Please review the issues below and perhaps you will browse our related web links.
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Benefit Plan Issues
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You must complete a new Performer Information 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. Click here to download a blank Performer Information Form.
- You should review your designations of beneficiary on both the Pension and Health Plans.
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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.
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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.
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Planning Notes
Financial planners recommend that recently married persons 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:
- Will
- Living Trust
- Estate Plan
- Durable Powers of Attorney
- Designation of Beneficiary: IRA, 401k, Life Insurance
- Adequacy of Life Insurance
- Adequacy of Disability Insurance
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External related links
(These are listed for your convenience. The sites and the contents of the sites are not sponsored or endorsed by your benefit plans. Use them at your own risk.)
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- Nolo Marriage - -Good FAQ list dealing with many of the surrounding legal issues, procedures, & processes about marriage. Topics include records, change of name, marriage license, etc.
- 4marriage.com - - Variety of resources. This website offers advice on every stage of the relationship from how to strengthen the relationship and how to court to buying a home and starting a family. There is even a "marriage toolbox." Also included are links to other related 4anything.com sites.
- top100weddingsites.com - - Website referral site. Offers links to other pages dealing with wedding issues that range from hair and invitations to the wedding banquet, music, and the honeymoon.
- bridalplanner.com - -Thorough website offer a lot of great free information to help plan the perfect wedding. Complete with it's own online store there is also a list of useful worksheets, tips on good planning books, stories, and forums. Great tips for photography, cakes, showers, and more.
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