What is a qualifying life event (QLE)?

You are not allowed to shop for health insurance outside of the regular open enrollment period (Nov 1 - Jan 16) unless there is a life change or circumstance to trigger a special enrollment period. These circumstances are called Qualifying Life Events or QLEs. (Yup, we just introduced yet another acronym. Sheesh.)

All employees offered StretchDollar's pre-tax fixed health benefit (known as ICHRA) are considered to have a QLE. The employee plan notice we provide you in the Documents tab of the Benefits Portal serves as your proof.

What other scenarios would allow me to change my policy?

Below is a list of the most common QLEs that allow individuals enrolled in StretchDollar’s ICHRA to make changes to their benefits outside of your plan enrollment period (generally 60 days from the benefit plan start date):

  • Loss of health coverage: You may qualify for a Special Enrollment Period if you or anyone in your household lost qualifying health coverage in the past 60 days OR expects to lose coverage in the next 60 days.
    • Losing coverage through a family member
    • Turning 26 and losing coverage through a parent’s plan
  • Changes in household
    • Getting divorced or legally separated and lost health insurance.
    • Having a baby or adopting a child
  • Changes in residence
    • Moving to a different ZIP code or county

Not sure if you qualify for a special enrollment period? Contact support@stretchdollar.com.

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