IQVIA Benefits Handbook
IF YOU BECOME A PARENT
Becoming a parent through birth or adoption of a child is considered a life status change or life event, meaning that you can make certain adjustments to your benefits. If you don't enroll or make changes to certain benefits within 30 days of becoming a parent, you must wait until the next annual open enrollment or until you have another life event to enroll or make changes.
The following table outlines how your coverage is affected when you become a parent.
Benefit Plans
How Coverage Is Affected
Things to Consider
Health Care Plans (including medical, dental, vision and prescription drug coverage)
  • If you plan to add coverage, you must enroll your new child within 30 days of the birth, placement for adoption, or adoption for coverage to be effective.
  • Your coverage change must be consistent with your life status change, unless you qualify for certain special enrollment rights. See "Special Enrollment Rights" in the Participating in the Health Care Plans section for details.
  • Determine whether your child will be covered under your IQVIA Health Care Plans or your spouse's plans.
  • If you are adopting a child, consider enrolling him/her in coverage.
Flexible Spending Accounts (FSAs)
  • You can enroll or increase Health Care FSA, Combination FSA and/or Dependent Care FSA contributions within 30 days of the event.
  • Your coverage change must be consistent with your life status change, unless you qualify for certain special enrollment rights. See "Special Enrollment Rights" in the Participating in the Health Care Plans section for details.
  • Determine what expenses your child may have that will not be covered by the health plans, and decide if you want to enroll or increase your Health Care or Combination FSA.
  • If your child is under age 13 and will be in daycare, decide if you want to enroll or increase your Dependent Care FSA.
Life Insurance AD&D Plans
  • You can purchase or increase optional life/voluntary AD&D coverage for yourself, your spouse and dependent children. The 30-day limit does not apply.
  • You can add your new spouse or dependent children as beneficiaries. The 30-day limit does not apply.
  • You may be required to submit evidence of insurability if you want to purchase or increase optional life/voluntary AD&D coverage.
401(k) Plan
  • There is no 30-day limit – you can change your 401(k) Plan elections at any time.
  • Review your beneficiary designations. If you are married, your spouse is automatically the beneficiary of your 401(k) Plan. If you want to add your dependent child as primary beneficiary, your spouse will be required to have the beneficiary form notarized for written consent.
  • Evaluate whether you're taking full advantage of the 401(k) Plan – review your contributions and investment choices.
Other Benefits
  • Other benefits such as the Employee Assistance Program (EAP), Healthy You (employee well-being), Supplemental Medical Plans (Critical Illness, Accident and Hospital Indemnity insurance), Identity Theft, Legal Assistance, Adoption Assistance, and Education Assistance are always available to you.
  • If you are an eligible employee, you can make changes to your Commuter Benefits at any time.
  • If you are eligible to participate in a Health Savings Account (HSA), you can make changes at any time
  • Let your dependents know that they can take advantage of the Employee Assistance Program (EAP).
  • For Commuter Benefits, if your commuting expenses will change, decide if you want to establish, drop, or change your coverage.