Birth and adoption (including placement for adoption) may trigger a special enrollment period during which you, your spouse, and new dependents can enroll in your employer's plan or in a Marketplace plan. Under the Newborns' and Mothers' Health Protection Act (Newborns’ Act), plans that provide maternity or newborn benefits generally must provide coverage for mothers and newborns to stay in the hospital at least 48 hours following a vaginal delivery or 96 hours following a cesarean section, unless the doctor or other attending provider, in consultation with the mother, discharges earlier. If your state has a law that provides similar protections and your plan offers coverage through an insurance policy or HMO, then you may be protected under state law rather than under the Newborns’ Act. Your plan must provide you with a notice regarding your rights to a hospital stay following childbirth. If your plan is insured, the notice must describe your protections under state law.

Be sure that you have properly named the beneficiaries for a retirement plan. If you want to make a change, contact your plan administrator or human resources office. Having a child may alter your major financial goals, but should never eliminate them. Make the best effort you can. Adjust your spending plan. Many financial planners stress that saving for retirement should be a priority.