IQVIA Benefits Handbook
IF A DEPENDENT CHILD IS NO LONGER ELIGIBLE FOR COVERAGE
A dependent child losing eligibility for coverage is considered a life status change or life event, meaning that you can make certain adjustments to your benefits. If you don't make changes to certain benefits within 30 days, you must wait until the next annual open enrollment or until you have another life event to make changes.
The following table outlines how coverage is affected when a dependent child is no longer eligible for coverage.
Benefit Plans
How Coverage Is Affected
Things to Consider
Health Care Plans (including medical, dental, vision and prescription drug coverage)
  • If you're currently enrolled in IQVIA coverage, you can change your coverage level or cancel coverage for that dependent. Your child can continue coverage through COBRA. You will be required to pay the full cost of coverage plus a 2% administrative fee.
  • Your coverage change must be consistent with your life status change, unless you qualify for certain special enrollment rights. See "Special Enrollment Rights" in the Participating in the Health Care Plans section for details.
  • Evaluate whether you need to change your coverage level – for example, from employee + spouse to employee only.
Flexible Spending Accounts
  • You can decrease or stop your Health Care FSA and/or Dependent Care FSA contributions within 30 days of the event.
  • Your coverage change must be consistent with your life status change, unless you qualify for certain special enrollment rights. See "Special Enrollment Rights" in the Participating in the Health Care Plans section for details.
  • You cannot reduce your Health Care FSA election to less than the amount you have already been reimbursed.
  • Evaluate whether you should continue, drop, or change your Health Care FSA contributions.
  • Evaluate whether you should continue, drop, or change your Dependent Care FSA contributions.
  • Remember to submit health care expenses that were incurred by your dependent prior to his/her losing coverage.
Life and Accident Plans
  • You can change your coverage as long as you do so within 30 days of the event.
  • You may want to reconsider your beneficiary designations. The 30-day limit does not apply.
  • Determine whether you need to change your coverage – for example, stop participating in optional life/voluntary AD&D coverage.
  • You may be required to submit evidence of insurability if you want to increase your coverage.