If, as an eligible SBP participant, I elect not to participate (with my spouses consent), can I participate at a future date subsequent to retirement?
No. The election you make prior to retirement is irrevocable after you retire.Question 6. Lets say I am an eligible SBP participant, married with children at the time of retirement, and, with my spouses consent, choose children-only coverage. May I elect spouse coverage in the future or, should my spouse predecease me, for a new spouse acquired in the future? Answer: No. If you were married with children and elected (with the spouses consent) children-only coverage, the current spouse or a new spouse can never be covered under the plan.Question 7. If, as an eligible SBP participant, I am married with children at the time of retirement, and with my spouses consent choose spouse-only coverage, may I elect child(ren) coverage in the future should my spouse predecease me? Answer: No. Once this election is made, it cannot be changed.Question 8.
Related Questions
- If, as an eligible SBP participant, I elect not to participate (with my spouses consent), can I participate at a future date subsequent to retirement?
- Can spouses and dependents be plan members? When a participant retires, are the participants spouse and dependents eligible for any plan benefits?
- If a participant terminates and is rehired, is that person eligible to participate immediately upon re-employment?
