Adoption brings joy and fulfillment to the lives of parents and children. Since the lifelong interests of the child are involved, the process can be complicated, time-consuming and, at times, frustrating. This section acquaints you with adoption procedures and the issues you should consider. It provides information and resources needed to take the next step: bringing an adopted child into your life and bringing happiness to the child.

HBC provides financial assistance for Adoption. Learn More.

Things to Consider:
1. Add Child to your Benefits
To add a child to your benefits, HBC requires an Adoption Certificate to be returned to the Benefits Center. Required documentation can be loaded to the Benefit portal during the enrollment process. For enrollment instructions, click here.

Important! You have 31 days, from the date of adoption, to enroll your newly adopted child in the benefit plans. 

2. Consider changes to your beneficiary designations.

  • Contact Merrill at 1-888-335-8218 to make changes to your 401(k) beneficiary
  • Contact Wex at 1-800-498-8705 to make changes to your insurance beneficiary

3. Review Tax Withholding
For instructions on how to update your tax withholding elections with HBC, click here

4. Review Life Insurance Coverage
When adopting a child, make sure to review and update your life insurance coverage. You should find insurance calculators helpful in thinking about how much life insurance you should purchase. It is also advisable for you to consult with your financial advisor.