What is the general rule for revoking a benefit election during a coverage period?

Revocation of a benefit election during a coverage period typically follows specific rules outlined in regulations such as those from the IRS. The general principle is that revocation of elections is not permitted at any time without cause; instead, it is allowed only under certain permitted events. Permitted events commonly include circumstances such as a change in marital status, a change in the number of dependents, or a significant change in employment status.

This structure exists to maintain the integrity of the benefits system, ensuring that participants cannot alter their elections arbitrarily, which could disrupt the planning and risk assessment of the benefits provided.

The other choices suggest that revocations can occur freely or without restrictions, which is not aligned with regulatory guidelines. Additionally, the notion that only health benefits can be revoked is too restrictive, as the ability to revoke benefits can apply across other categories under permitted events but still must comply with specific regulations.