Common use of Change in Coverage Under Another Employer Plan Clause in Contracts

Change in Coverage Under Another Employer Plan. A Participant may make a prospective election change that is on account of and corresponds with a change made under an employer plan (including a plan of the Employer or a plan of the Spouse's or Dependent's employer), so long as (a) the other cafeteria plan or qualified benefits plan permits its participants to make an election change that would be permitted under applicable IRS regulations; or (b) the Plan permits Participants to make an election for a Period of Coverage that is different from the plan year under the other cafeteria plan or qualified benefits plan. For example, if an election is made by the Participant's Spouse during his or her employer's open enrollment to drop coverage, the Participant may add coverage to replace the dropped coverage if such a change is permitted under the benefit plan of the Plan Administrator. The Plan Administrator, in its sole discretion and on a uniform and consistent basis will decide whether a requested change made under the other employer plan, in accordance with prevailing IRS guidance.

Change in Coverage Under Another Employer Plan. A Participant may make a prospective election change that is on account of and corresponds with a change made under an employer plan (including a plan of the Employer or a plan of the Spouse's ’s or Dependent's ’s employer), so long as (a) the other cafeteria plan or qualified benefits plan permits its participants to make an election change that would be permitted under applicable IRS regulations; or (b) the Plan permits Participants to make an election for a Period of Coverage that is different from the plan year under the other cafeteria plan or qualified benefits plan. For example, if an election is made by the Participant's ’s Spouse during his or her employer's ’s open enrollment to drop coverage, the Participant may add coverage to replace the dropped coverage if such a change is permitted under the benefit plan of the Plan Administratorcoverage. The Plan Administrator, in its sole discretion and on a uniform and consistent basis basis, will decide whether a requested change is because of and corresponds with a change made under the other employer plan, in accordance consistent with prevailing IRS guidance.