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Board of Governors of the Federal Reserve System sealBeginnings and beyond: resources and information for employees of the Board of Governors of the Federal Reserve Systemcollage of compass, pen point, and front of Board's main building
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If You're New to the Federal Reserve Board
If Your Status Changes
If You Retire or Leave the Federal Reserve Board
    Making Changes to Your Benefits

When You Can Make Changes
to Your Benefits

Generally, after you enroll for your benefits — either as a new employee or during the annual open season — your benefit choices remain in effect through the entire year, as long as you continue to meet each plan's eligibility requirements. You may not make changes to your benefits until the next annual open season, unless you have an IRS qualified family status change.

  Status changes include:  

  • Your marriage, divorce, legal separation, or annulment;
  • The birth, adoption, placement for adoption, or appointment of legal guardianship of your child;
  • Your death;
  • The death of your dependent;
  • Your dependent losing or gaining employment;
  • A change in your (or your dependent's) employment status from full-time to part-time or part-time to full-time, or beginning or ending an unpaid leave of absence;
  • A change in your dependent's eligibility; and
  • A change in who must provide coverage for a dependent according to a judgment, decree, or order resulting from your divorce, legal separation, annulment, or change in legal custody.

Any changes you make to your benefits as a result of a status change must be consistent with the change.

For information on how these family status changes affect each of your Board-provided plans, refer to the specific plan sections.