You should always elect benefits during open enrollment to ensure you get the coverage you need; however, once enrolled in health coverage like a cafeteria or section 125 plan, you are unable to change your elections until the plan year ends. But sometimes qualified life events occur, allowing you to change elections outside the standard enrollment period.
Qualified events can be specific to individual plan offerings, but some common examples can be found below:
Please know that certain qualified events can complicate health plan enrollment. For more information on qualifying events, please contact your HR department or plan administrator. Click HERE to download infographic.
This article is not intended to be exhausted nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel or an insurance professional for appropriate advice. © 2016 Zywave, Inc. All rights reserved.
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