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What effect does having my premiums taken out before or after taxes have on my choice to drop medical/dental coverage?

April 26, 2017coverage dental drop medical premiums taxes

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What effect does having my premiums taken out before or after taxes have on my choice to drop medical/dental coverage?

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A. If you have your health/dental insurance premiums taken out of your paycheck before taxes, you may ONLY make changes to your coverage when you have a Qualifying Life Event. If you elect to pay your health/dental insurance premiums on an after tax basis you may terminate a dependent or your full coverage at any time during the calendar year. You may NOT add dependents without a Qualifying Life Event regardless of your pre-tax/after-tax premium coverage level.