CCP 12-13-2004 - Laserfiche WebLink

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Citv of Arden Hills Summary Plan Description Consistency rule - the requested change must be consistent with the Status Change event. Generally, the . Status Change event will result in an eligibility change for you, your spouse or dependent, and your election may increase or decrease depending on the gain or loss of coverage that occurred. For example, if a participant's spouse becomes unemployed, the participant can stop or reduce the rate of additions to his or her dependent care reimbursement account. However, you may not stop or reduce your health care reimbursement coverage. Change in Cost or Coverage - Pre-tax Elections If a cost increase is "significant," you may increase your Pre-tax Contribution election or revoke your Pre-tax Contribution election and make a new election for coverage under a similar welfare benefit plan. If your coverage is "significantly curtailed," you may revoke your ejection and make a new election for coverage under a similar benefit plan. To meet the "significant curtailment" standard, there must be an "overall reduction in coverage" resulting in reduced coverage to participants in general, not just you, your spouse or dependent. If a new option is added or if an option is eliminated, you may make a new election that corresponds to the change. Change in Cost or Coverage - Dependent Care Reimbursement Dependent care reimbursement elections can also be changed under the Change in Cost or Coverage rules described abovc. This means that if your dependent carc provider changes its rates, you may modify your dependcnt care account elections to conform to thc changc. Also, if you change providers and there is a cost difference with the change, you may changc your elcction. (Note: where the dependent care providcr is a family member, some rcstrictions apply.) Under fedcrallaw, hcalth care spending account clcctions are not eligible for modification under the change in cost or covcrage rules. Medicare or Medicaid Coverage If you become eligible for Medicare or Medicaid coverage you may bc able to rcduce or stop your Pre-tax Contribution amounts, if thc undcrlying hcalth care plan allows such a changc. If you lose Medicare or Medicaid coverage, you may be ablc to begin or increase Pre-tax Contribution amounts, again, ifthe hcalth carc plan allows you to begin or incrcase coverage. . Timing for Elcction Changes Any such change in your clcction must be made using Employer designated forms or systems prior to or after the Status Changc, but not later than 30 days after thc datc of the Status Change. Such a change will generally be cffcctive as of the first day of the month after the Employer receives the form, or, if later, the date the Status Change occurs. Please note that to be effective as of a Status Change, the Employer must rcceive your form no later than the datc of the Status Change. Automatic Changes Thc Employer reserves the right to automatically initiate changes to your clcctions whcrc a significant change in cost occurs or where the Plan is required to follow a judgment, dccree or order that mandates coverage for your dependent. Rehires If you terminate employment and arc rchired within 30 days of your most rccent termination date, your most rccent election amounts will be automatically reinstated. If you arc rehired more than 30 days after your most recent tennination of employment you can make ncw Prc-tax Contribution elections as a new hire. . SPD-8