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You Move
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You Move
Moving may be considered a qualifying change in status, which allows you to adjust your participation in some of the Corporation's benefits when the change occurs. (Normally, you can change certain benefits coverage only once a year, during the annual enrollment period.) Most changes you make because of your move will be effective as of the date of move, provided that you meet certain deadlines.
Generally, your move is a qualifying change in status if you move to a location where your current healthcare option is not offered, or if you move and must change the dependent care arrangements you have made so that you (and your spouse, if you are married) can work.
Bear in mind that if your move is a qualifying change in status, you have only 31 days following the date of your move to submit changes for the medical, dental, vision, and flexible spending account coverage you have through the Corporation. If you miss this 31-day deadline, you must wait for the next annual enrollment period to change your coverage. To make changes, visit Employee Self-Service on The McGraw-Hill Companies intranet.
For certain other elective benefits for which you may be eligible—supplemental long-term disability, supplemental life insurance, and the 401(k) Savings and Profit Sharing Plan—you can change your coverage or participation at any time. Please be aware that some changes may require you to provide evidence of insurability before coverage can begin.
Note that, as with all qualifying changes, moving allows you to make only changes that are consistent with your status change. For instance, you may switch medical options if your current option is not offered in your new location. You may not, however, decrease your coverage level under your current plan. If you are unsure of the changes you may make, the plan-by-plan chart that follows should help.
If you transfer between different Corporation business units you may be eligible for a completely new benefits program, and your current coverage may end. Although many of the Corporations' businesses share the same or similar benefits in some areas (such as healthcare or the Retirement Program), certain coverage options may be different. To find our whether you have a new coverage to choose from, call the HRSC toll-free at 1-888-THE-HRSC (1-888-843-4772).
Things to Do
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Visit Employee Self-Service on The McGraw-Hill Companies intranet to update your address information.
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Find out whether your current medical option is offered in your new location. If not, determine the medical option(s) that are available to you, and visit Employee Self-Service on The McGraw-Hill Companies intranet to enroll within 31 days of your move.
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If you move to an area without easy access to UnitedHealthcare's Choice Plus network, you will be notified that you can only enroll in the Out-of-Area Option and your contributions may change. You must make the change via Employee Self-Service on The McGraw Hill Companies intranet.
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If your current medical option is offered in your new location, find out whether or not you can continue using your current provider (and those of your covered family members) in your new area. If necessary, select a new provider. For medical care providers, visit www.myuhc.com and select "Find a Physician or Facility".
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If your compensation changes, review the impact on your compensation-based benefit plans—employee basic life insurance (including the impact on imputed income), employee AD&D insurance, disability coverage, 401(k) Savings and Profit Sharing Plan contributions. Healthcare contributions are based on your compensation as of August 31 each year and do not change throughout the year, regardless of changes to compensation.
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Determine whether your participation in the Dependent Care FSA should change. Keep in mind, unless your spouse is disabled or a full-time student, you must both be working to be eligible to use the Dependent Care FSA. If you are making new dependent care arrangements so that you can work, call ValueOptions at 1-800-544-8320 for free assistance in identifying and reviewing the child care options available in your area.
Making Changes
After you've considered your options, if you decide to or need to change your benefits, you can do so via Employee Self-Service on The McGraw-Hill Companies intranet. If the change you are making is to your 401(k) savings participation or to the investment of your 401(k) Savings and Profit Sharing Plan investments, visit Your Benefits Resources or call 1-866-477-6820.
How This Event Affects…
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If you move to an area without easy access to UnitedHealthcare's Choice Plus network, you will be notified that you can only enroll in the Out-of-Area Option and your contributions may change. You must make the change via Employee Self-Service on The McGraw Hill Companies intranet. If you move from an area that requires Out-of-Area coverage to a location that has easy access to UHC's ChoicePlus network, you may select the Core, Traditional or Account-based Option within 31 days of your move. Note that you cannot change your coverage level.
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Select a new doctor for yourself (and each eligible family member who is currently enrolled) if the provider you are using now is not available in your new location.
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