PRE-TAX PREMIUMS

IRS Section 125 Cafeteria Plan
Federal Tax, WV State Tax, and Social Security tax are not withheld on premiums for PEIA Basic Health, PEIA Life Insurance up to $50,000, and Mountaineer Flexible Benefits Plans (except the Legal Plan). Changes to pre-tax plans are permitted only during the annual Open Enrollment in April, and within 60 days of an IRS approved qualifying event.

 

Qualifying events include the following (Note - others may apply):

• Change in your legal marital status
• Change in dependent status
• Change in employment status
• Unpaid leave of absence by the employee or spouse
• Change (gain or loss) of spouse or dependent eligibility status

Employees and their enrolled dependents may be eligible to continue current health coverage for a limited time under the federal Consolidated Omnibus Budget Reconciliation Act (COBRA). COBRA is available for all PEIA's insured, including those under managed care, and is administered by Wells Fargo. An election to continue coverage under COBRA must be made within 60 days of the end of coverage. To enroll for COBRA benefits, contact Wells Fargo at 1-888-440-7342.

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