Termination of Health Coverage

lmacabu

I'm under the impression that pre-tax, health insurance (medical and dental) can not be termed mid-year except during open enrollment or because of a qualified life event. Post-tax, non-cafeteria plan benefits can be termed mid-year for any reason. Is this accurate?

FunHRBanker

That is also my understanding.

NaeNae55

There used to be regular health plans that could not be termed mid-year, but it was in the contract and I am not sure if they are still legal.

Technically, you can term your health coverage even if it is Section 125, however, you still have to continue with the employee withholdings for the rest of the year. Now, where is that smart-a$$ smiley face?