We were told we can only drop or change a plan for marriage, childbirth, a promotion or quitting the job. The cost is unaffordable and we didn't check the cost before signing up. Can we plead financial hardship?
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Your employer cannot let you drop your coverage outside of open enrollment, aside from standard qualifying events. They are legally required to enforce this as part of the IRS regulations regarding pre-tax benefit plans. Its not your employer's rule - its an IRS regulation. Your employer has no choice but to enforce it. Unfortunately, you have the responsibility to check this information before you sign up for your benefit plan. The IRS doesn't allow exceptions for "I didn't realize what I was getting into." Unless you have a qualifying event, you're stuck until open enrollment. Sorry. Next time, be sure to look at the paperwork before you sign up!
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