Mid-year election changes...don't require qualifying life events?

Today's video covers an IRS notice included in the recent Consolidated Appropriations Act detailing some changes to mid-year election change rules for employers. A similar rule was made last year, essentially allowing employers to let their employees change election coverages (dependents, PPO v HDHP, etc) without qualifying life events.

As before, it's important to note that allowing employees these changes are optional. However, while optional, there are some important considerations in the video if that's the path you. choose.