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BMO U.S. Benefits

Benefit Changes

As your life changes, so do your benefit needs. In general, the only time you can enroll in or change your benefits is Annual Enrollment. Mid-year changes are allowed only if you experience a qualifying life event and make a new election within 31 calendar days.

Your new election must be consistent with the life event. Coverage will be effective as of the date of the event. Be sure to initiate the life event immediately on Workday since you only have 31 calendar days from the date of the event to change, add or cancel coverage. You may need supporting documentation, but it is not needed when you first initiate the life event.

Here’s a high-level overview of benefit changes that may be allowed.

Qualifying Life EventGo to Workday Within 31 Days to Initiate Event

Birth/Adoption

Having a new baby or finalizing an adoption with the court

Acquired Guardianship

Acquiring legal guardianship of a child

Death of Dependent/Child

The death of your child, legal dependent, or stepchild

Death of Spouse

The death of your spouse or domestic partner

Divorce/Legal Separation

Your legal divorce date or legal separation date

Marriage

Your marriage date

Gain of Dependent/Child Eligibility

Your child becoming newly eligible for benefits coverage through another employer or State

Loss of Dependent/Child Eligibility

Your child involuntarily losing other benefits coverage from another employer or State

Gain of Spouse Benefits/Eligibility

Your spouse or domestic partner becoming newly eligible for benefits coverage through another employer or State

Loss of Spouse Benefits/Eligibility

Your spouse or domestic partner involuntarily losing other benefits coverage from another employer or State

Start of Domestic Partnership

Meeting the requirements to qualify as a domestic partner

Loss of Domestic Partnership

No longer meeting the requirements to qualify as a domestic partner

Other life events
(Turning 26, loss or gain of state coverage, loss of coverage under a parent not due to aging off plan, etc.)

Call the Human Resources Centre (HRC) at 1-888-927-7700 


Initiate a benefits change

Here's how you can make qualified benefit changes during the year:

  • Go to Workday, click My Benefits & Retirement application
  • Select your network status (on or off the BMO network)
  • Click Log your Life event tile

You may need to provide documentation to validate your qualifying life event.

 
 

Update your beneficiary

Designating beneficiaries to inherit the assets from your life insurance and retirement savings is a smart way to ensure your loved ones are financially protected.

You can update your beneficiary at any time.

LEARN MORE

Need assistance?

Call the Human Resources Centre
1-888-927-7700
Monday through Friday, from 8 a.m. to 5 p.m. CT