You move

Note: To help you understand how life events may impact your benefits, examples have been included in this section. However, eligibility for plan benefits (be it retirement, medical or the other benefits listed here) is based on the terms of the particular plans, and a benefit being listed under the Life events tab does not mean that you are eligible for that particular benefit. For plan eligibility questions, please refer to the Benefits Handbook.

If you or your covered dependent moves out of your health coverage option’s service area, you can make the following changes to your BP benefits: 

Benefit Available Changes Deadline Other Things to Consider
  • Medical
  • Dental
  • Vision
You may change medical and/or dental options.

If your eligible dependent who is not currently covered under a BP plan moves out of his/her coverage area, you may:

  • Enroll your eligible dependent in a BP medical and/or dental plan if you already participate.
  • Change medical and/or dental options.
Note: Special rules on switching between the HCFSA and the HSA mid-year may limit your available medical options if you change medical plans. See the Benefits Handbook for more details.
Within 30 days of the life event If you participate in a PPO or HMO option and your child moves outside the service area, you may contact the BP HR & Benefits Center to discuss your options. In this case, you may be eligible to change coverage to the Out-of-Area medical option.
Health Care Flexible Spending Account You may:
  • Enroll.
  • Stop participating if your group health coverage changes.
  • Increase your election for the remainder of the plan year if you have increased health care expenses due to a qualifying status change.
  • Decrease your election for the remainder of the plan year if you have decreased health care expenses due to a qualifying status change.
Within 30 days of the life event If you increase your election, only expenses incurred on or after the date of the coverage change are eligible for reimbursement from the newly elected amount. 
Dependent Care Spending Account You may:
  • Enroll.
  • Stop participating. Your participation stops at the end of the month.
  • Increase your election for the remainder of the plan year if the event causes an increase in your dependent care expenses due to a qualifying status change.
  • Decrease your election for the remainder of the plan year if the event causes a decrease in your dependent care expenses due to a qualifying status change.
Within 30 days of the life event N/A
Short-term Disability (STD) N/A N/A N/A
Long-term Disability (LTD) N/A N/A N/A
  • Basic Life
  • Accidental Death and Dismemberment (AD&D)
  • Occupational Accidental Death (OAD)
N/A N/A N/A
Group Universal Life (GUL) N/A N/A N/A
Long-term Care (LTC) N/A N/A N/A
  • BP savings plan
  • BP retirement plan
N/A N/A N/A
Next Steps
Review
  • Your medical options.
Remember
  • You must make allowable changes to your medical, dental, vision and spending account participation within 30 days of the life event, otherwise you'll have to wait until the next annual enrollment.
Go to or call
  • BP Retirement Services at Fidelity at 1-877-272-3334 to make changes to your savings plan or to add or change a beneficiary for the BP savings plan or BP retirement plan (as applicable).


 

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