Most people make changes to their health insurance plans during their company’s annual enrollment period, which is typically in the fall.
But did you know that you could also make changes if you’ve experienced a qualifying life event (QLE)? Examples of QLEs include changes in family status that increases or decreases the number of eligible family members (marriage, divorce, birth, adoption, death of spouse); change in the employee’s employment status that could affect cost of insurance (from full time to part time, for example); and the employee becomes entitled to Medicare and wants to change to another plan or option. In most instances, you must notify your company’s human resources department or your insurance provider within 30 to 31 days of the qualifying life event (QLE).
Source: U.S. Office of Personnel Management