To help you think about how your life change will affect you, review the following list.
| Ask Yourself |
Take Action |
| Is your child still eligible for Phillips 66 benefits coverage? If not, you’ll need to remove him or her from coverage. |
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| How are you managing the transition? Keep in mind that Resources for Living has information and tools to assist you during this time. |
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| Will your health care expenses decrease? Consider if you’ll need to decrease contributions to the Health Care FSA. |
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| Will you be adjusting your retirement savings goals? Whether your child is beginning college or is now employed and able to be more self-sufficient, you may want to re-evaluate your saving and investing strategy. |
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| Will you need to update your beneficiary designation? |
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| Will you need to update your W-4? |
- Update your W-4 for any personal tax changes through My HR Tools.
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| Do your financial goals need adjusting due to recent changes? |
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| Are you feeling anxious about this life change? |
- Daylight is a digital medicine app for managing anxiety available to active employees and dependents age 18+ enrolled in the HDHP or PPO medical plan.
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