Can I Opt-Out of The CHAMP Plan™ after Open Enrollment?

Employee's cafeteria-plan elections are generally irrevocable until the beginning of the next plan year.

However, a cafeteria plan may generally permit an employee to revoke an election and make a new one mid-year change due to any one of the following life events:

1. Change in marital status (i.e., marriage or divorce) 
2. Chang to number of dependents (i.e., birth or adoption) 
3. Change to residency (i.e., address change)
4. Change in employment status (i.e., hire, rehire, or termination)
5. Significant cost or coverage changes
6. Special enrollment entitlement
7. FMLA
8. Medicare entitlement

Please click HERE for further information.