The following information provides a general overview of status change events and corresponding allowable changes under the Cafeteria plan. This information is not specific to your plan, and in all cases your plan document will prevail.
Elections under a Cafeteria Plan are irrevocable during the plan year, unless you have a qualifying status change event. Examples of Status Changes are:
- Death of spouse or qualifying dependent
- Birth or adoption
- Change of spouses’ or dependents employment status that affects eligibility
- A change in cost or coverage of insurance premiums or dependent care
The requested change must be consistent with the event. For specific events and further clarification, please contact us at 601-856-9933.