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When Mid-Year Coverage Changes Create a Mini-Open Enrollment for Section 125 Plan Participants
ABD Insurance & Financial Services July 27, 2020 "If the employer adds a new plan option mid-year, or significantly improves an existing plan option mid-year, the employees eligible for that new or significantly improved plan option experience a Section 125 permitted election change event [a 'mini-open enrollment' (mini-OE)].... [T]his event does not permit employees to change their election for other lines of coverage for which there is no new or significantly improved plan option. Furthermore, this event does not permit a participating employee to drop coverage entirely." |
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