Company Benifits Annual Enrollment?

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  • Company Benifits Annual Enrollment?


Answer #1 | 19/12 2013 07:26
Yes, it is not only legal it is a requirement of the IRS. Qualifying life events are major events in your life that qualify you to change your health care coverage outside of the open enrollment period. Major life events include: ◾Marriage, civil union, divorce, annulment, legal separation. ◾Birth, adoption, taking in a foster child, or becoming a legal guardian. ◾Change in spouse’s work status. ◾Death of spouse or dependent. ◾Change in status of dependent’s eligibility (e.g. change of student status or becoming too old for coverage).
Answer #2 | 19/12 2013 18:55
Yes. Not only is it legal, it's the LAW. The LAW says, you can only add or drop, for a qualifying life event. These events include birth or adoption, death, divorce, marriage, or change in spouse's employment resulting in their loss of coverage.
Answer #3 | 19/12 2013 19:41
That's correct. Not having this rule would not be legal. Allowing you to change at any time, except the annual open enrollment and major life events, is not legal. Making you wait until the next annual open enrollment or major life event is the only way that is legal to give you these benefits.

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