Mid-Year Opt Out For Exchange Purchase

[Guest Statler]

Good morning

I am working with a client on amending their 125 plan to allow for the mid-year change due to enrollment in an exchange. He is under the impression that this is something that can only be done for one plan year (e.g., for 2103 or 2014 but not both). I cannot find anything in the guidance that limits it. Anybody else heard of this limitation?

[Flyboyjohn]

Original guidance was a one-time special deal for enrollment for 2014 during initial open enrollment 10/1/2013-3/31/14.

Latest guidance now makes it a "permanent" option to exit the cafeteria plan mid-year for the stated purpose of enrolling in Marketplace coverage.