Change happens. But the cafeteria plan rules don’t always allow it. Which status changes permit election changes — and how does the consistency rule apply? What if an employee made an election mistake that doesn’t come to light until the plan year is well underway?
Our experts will walk through the election change rules focusing on what plan sponsors, administrators and advisors need to know. They’ll apply the rules to real-life scenarios, suggest best practices (including a four-step process for analyzing any election change request), and answer your trickiest election-change questions.
By the end of this webinar, you should be able to: describe what events permit mid-year election changes and how the consistency requirement operates; identify the time periods in which election changes should be requested and take effect; understand the relationship between the Code’s status-change rules and HIPAA’s special enrollment rules; explain the importance of plan document language; and identify possible approaches for handling election mistakes.
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