Page 6 - Franklin Madison 2021 Benefits Guide

Making Changes Mid-Year—Life Events

The IRS requires that beneits paid with pre-tax
Your change in coverage must be consistent with the employee contributions stay in efect for the entire
qualifying event. In addition, contact HR within 30
days of your life status change. Otherwise, you will year (January through December). Once you make
have to wait until the next annual enrollment to change your beneit elections, you can make mid-year
your beneit elections. For more information, contact your changes only if you have a qualiied life status
HR team.
change. A qualiied life status change generally
includes one of the following:

y A change in your marital status
y The birth or adoption of a child

y A dependent’s loss of eligibility (because
he/she reaches the age limit for coverage, for
example)

y Death of a dependent

y A change in your spouse’s eligibility for
coverage
y A change in your employment status from
part-time to full-time or full-time to part-
time

Note: You may discontinue coverage for a domestic
partner at any time during the plan year.

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