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In order to make a mid-year change of election in a participant’s medical account, the qualifying event must fall into one of the following six categories:

  • A change in the participant’s legal married status.
  • A change in the participant’s number of dependents.
  • A change in the place of work or residence of the participant, the participant’s spouse, or the participant’s dependent.
  • Termination or commencement of employment of the participant, the participant’s spouse, or the participant’s dependent.
  • A dependent satisfies or ceases to satisfy the dependent eligibility requirements for a particular benefit.

If such a qualifying event occurs and the participant wishes to make a change in his or her election (consistent with the resulting gain or loss of eligibility for coverage), the plan administrator must be notified within 30 days of the event. Changes are made effective the date that the Change of Status form is filed with the plan administrator. To file a Change of Status form, please see your employer. 

This list is not all-inclusive. If you have questions regarding change of status, please contact your HR department or Kazdon.