Guest reddogg7575 Posted October 5, 2010 Posted October 5, 2010 OK, my wife and I signed up for a very expensive plan. Then, one week after my open enrollment ended, her work announced that they would be offering free insurance for her and her family. Does this count as a qualifying event? Should we be able to opt out of my insurance?
LRDG Posted October 6, 2010 Posted October 6, 2010 Is the election you signed irrevociable because benefits are provided under IRS Sec. 125 that requires a qualifying event status change? If the election change is made before the first day of the plan year you should not have a problem. If your plan effective date is 10/07/2010 or later, and you request the election change to later than TODAY, you should be allowed to change your election because it's made before the plan effective date. IRS rules allow election changes but do not require they be included in your plan. Your ER may prohibit election changes, but only after the effective date of the plan, aka the first day of the plan year.
masteff Posted October 7, 2010 Posted October 7, 2010 What is your employer telling you? Kurt Vonnegut: 'To be is to do'-Socrates 'To do is to be'-Jean-Paul Sartre 'Do be do be do'-Frank Sinatra
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now