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<br />In addition, if you are participating in the Dependent Care Flexible Spending Account, <br />then there is a change in status if your dependent no longer meets the qualifications to be eligible <br />for dependent care. <br /> <br />There are detailed rules on when a change in election is deemed to be consistent with a <br />change in status. In addition, there are laws that give you rights to change health coverage for <br />you, your spouse, or your dependents. If you change coverage due to rights you have under the <br />law, then you can make a corresponding change in your elections under the Plan. If any of <br />these conditions apply to you, you should contact the Administrator. <br /> <br />If the cost of a benefit provided under the Plan increases or decreases during a Plan <br />Year, then we will automatically increase or decrease, as the case may be, your salary <br />redirection election. If the cost increases significantly, you will be permitted to either make <br />corresponding changes in your payments or revoke your election and obtain coverage under <br />another benefit package option with similar coverage, or revoke your election entirely. <br /> <br />If the coverage under a Benefit is significantly curtailed or ceases during a Plan Year, <br />then you may revoke your elections and elect to receive on a prospective basis coverage under <br />another plan with similar coverage. In addition, if we add a new coverage option or eliminate an <br />existing option, you may elect the newly-added option (or elect another option if an option has <br />been eliminated) and make corresponding election changes to other options providing similar <br />coverage. If you are not a Participant, you may elect to join the Plan. There are also certain <br />situations when you may be able to change your elections on account of a change under the <br />plan of your spouse's, former spouse's or dependent's employer. <br /> <br />These rules on change due to cost or coverage do not apply to the Health Flexible <br />Spending Account, and you may not change your election to the Health Flexible Spending <br />Account if you make a change due to cost or coverage for insurance. <br /> <br />You may not change your election under the Dependent Care Flexible Spending <br />Account if the cost change is imposed by a dependent care provider who is your relative. <br /> <br />7. May I Make New Elections in Future Plan Years? <br /> <br />Yes, you may. For each new Plan Year, you may change the elections that you <br />previously made. You may also choose not to participate in the Plan for the upcoming Plan <br />Year. If you do not make new elections during the election period before a new Plan Year <br />begins, you will not be considered a Participant for the non-insured benefit options under the <br />Plan for the upcoming Plan Year. <br /> <br />IV <br />BENEFITS <br /> <br />1. What Benefits Are Available? <br /> <br />Under our Plan, you can choose to receive your entire compensation or use a portion to <br />pay for the following benefits or expenses during the year: <br /> <br />Health Flexible Spending Account: <br /> <br />The Health Flexible Spending Account enables you to pay for expenses allowed under <br />Sections 105 and 213(d) of the Internal Revenue Code which are not covered by our insured <br />medical plan or privately held insurance policies and save taxes at the same time. The Health <br />Flexible Spending Account allows you to be reimbursed by the Employer for out-of-pocket <br /> <br />4 <br />