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HUMAN RESOURCES BENEFITS |
NKU Home | Campus Maps | Search | Disclaimer | Feedback | Last Updated: 04 Oct 2007 11:01 AM EST
What is Qualified Status Change?
An open enrollment period that has a substantial impact on your payroll deduction is considered a qualified status change.
What does that mean to you? If your spouse has already been through open enrollment at his or her employer this
may be another opportunity for you to make changes. Once you’ve examined both plans at both employers you may
want to contact the HR Department (Benefits) for more information on making changes.
Guidelines for what qualifies as a “Qualified Status Change” are defined by the IRS under Section 125 and include the following:
Change in your legal marital status (i.e. marriage, legal separation, divorce, or death of your spouse)
Change in your number of dependents
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Birth or adoption of a child, or placement for adoption |
| § | Death of a dependent |
| § | Change in your dependent's eligibility |
| § | Change in cost or coverage, such as a significant cost increase charged by your current day care provider, or a change in your provider. This applies to FSA - dependent care only. |
| § | Change in employment status (i.e. for employee, spouse, or employee’s dependent) that affects your eligibility for benefits. |
| § | Change in the number of tax dependents you have (e.g., parent now resides with you/birth of child, etc.) |
You have a 30-day window during the plan year to make changes to your benefits based on the information above.