Salary Reduction and Benefit Elections
Your salary reduction and benefit elections must remain in effect until the end of your plan year (June 1 through May 31). Changes may be made only if there is a change in your status.
If there is a change in status, the Payroll Dept. MUST BE CONTACTED WITHIN 30 DAYS OF THE QUALIFYING EVENT for modifications to the current plan.
What is a Qualifying Event?
These events include:
Change in marital status -
Marriage, divorce, death of a spouse, legal separation and annulment.
Change in your number of dependents -
Birth, death, adoption of child or placement for adoption.
Change in employment status -
Of an employee, spouse, or dependent include termination or commencement of employment, a strike or lock-out, a commencement of or return from an unpaid leave of absence.
Change of a dependent's status -
Attainment of age 26 or they obtain coverage from another source.
Change in your employment status.
Change in your spouse's employment, impacting his/her benefits eligibility.
Non-Qualifying Life Events
Some examples of events that do not allow you to change your flexible benefit elections:
Re-hired within 30 days of termination date.
The benefit cost is too high/you did not realize how much was going to come out of your paycheck.
You decided you do not like the coverage.
You need more money in your paycheck.