Certain events in your life may require that you make changes to your Medical, Dental, and/or Vision coverage, Flexible Spending Account(s), Life insurance, and/or Retirement programs. With the exception of your 403(b) Retirement Savings Plan (which can be changed anytime throughout the year), there are only two opportunities to make changes to your benefits:
1) During the annual Open Enrollment period
2) When you have a qualified life event
A qualified life event change is generally defined as a change in your status due to marriage, birth or adoption of a child(ren), death of an immediate family member, divorce, loss or gain of insurance coverage by your spouse, or termination. Some other events may also qualify. For detailed guidelines on the allowable benefits changes for the various life event changes please go to http://www.changeofstatus.com. Click here for detailed information regarding dependent eligibility criteria.
Due to the tax-favored status of SMU's benefits program, the IRS does not allow changes after this 31 day period until the next annual open enrollment.
At some point, dependent children will lose their eligibility for SMU benefits coverage, primarily due to age.