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Benefits Brief: Section 125 - Permitted Mid-Year Election Changes

The attached Benefits Bulletin details the rules around a mid-year change for Section 125 cafeteria plans.  Per the guidelines, there are very limited reasons to permit an employee to make a mid-year change to their benefit elections.  The bulletin outlines the various permissible events that allow an election change, a description of the events, and the permitted actions an employee can take to change their plan.

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Contact your Cowden representative for more information on this or other compliance issues.