Table of Permissible Changes in FEHB Enrollment and Premium Conversion Election 

Table of Permissible Changes in FEHB Enrollment and Premium Conversion Election 

Source: OPM.gov

Premium Conversion allows employees who are eligible for FEHB the opportunity to pay for their share of FEHB premiums with pre-tax dollars. Premium conversion plans are governed by Section 125 of the Internal Revenue Code, and IRS rules govern when a participant may change his or her election outside of the annual Open Season.

All employees who enroll in the FEHB Program and are eligible for premium conversion automatically receive premium conversion tax benefits, unless they waive participation. When an employee experiences a qualifying life event (QLE) as described below, changes to the employee’s FEHB coverage (including change to Self Only and cancellation) and premium conversion election may be permitted, so long as they are because of and consistent with the QLEs. For more information about premium conversion, please visit OPM Healthcare.