When it comes to navigating the world of employee benefits, there’s a lot to take in, especially if you’re a first timer. Among the suite of benefits you’re likely to be offered, voluntary benefits are often misunderstood. What are Some Examples of Voluntary Benefits? Voluntary benefits include a variety of options, all designed to...
Mid-Year Election Changes
In general, changes can only be made to your insurance plans at the start of a new year. However, there are a few instances where mid-year election changes are allowed, such as:
- Marriage or divorce
- Change in number of dependents
- Change in employment status
- Change in residence
- Entitlement to Medicare or Medicaid
- Reduction of hours
For more examples of situations that allow changes, or to make changes to your plan, contact your Advantage Administrators representative today.