Life Status Events
You may change your Benefit Option elections only under the following circumstances:
- During the Annual Election Period; or
- If you experience a Life Status Event (as described below)
It is very important that you inform your Plan Sponsor of any Life Status Event within 31 days of the event. If you fail to inform the Conference Office/General Board of such an event in a timely manner, it may jeopardize your ability to make election changes and it can have adverse tax consequences or cause you to lose coverage. (click to continue reading highlighted)
If you experience certain changes in your family’s status, you may be permitted to make limited changes to your HealthFlex elections. These Life Status Events include:
- marital status changes (e.g., marriage or divorce);
- changes in the number of dependents (e.g., an increase through birth or adoption or a decrease through death);
- a Dependent becoming ineligible or regaining eligibility (e.g., reaching a limiting age, ceasing to be a full-time student);
- a change in employment status of you or your dependent that affects eligibility for the Plan (e.g., changing from full-time to part-time employment, commencement of or return from an unpaid leave of absence).
