Premium conversion election at open enrollment

[Guest J Snider]

I want to confirm that it is necessary for employees to re-elect 'pre-tax' or 'after-tax' under the premium conversion portion of Section 125 at the beginning of each plan year. Is this really the case or do they only need to select this when they first enroll in the insurance plan?

[Lisa Hand]

It depends on how the plan document is written.