Dependent Status
Dependent Changes from Full-Time Student to Part-Time Student
If a dependent is no longer a full-time student, he or she needs to be removed from Farm Credit Foundations dental and vision coverage. Dental and vision coverage ends at the end of the pay period in which the dependent’s student status falls below full time. For example, the dependent drops a class on October 3. As a result, the dependent’s full-time student status changes from full time to part time. The dependent’s coverage would cease October 15, the last day of the pay period.
Dependents are eligible to remain on the Farm Credit Foundations medical plan up to the dependents 26th birthday regardless of student status as long as the employee doesn’t have access to group medical coverage through their employer.
Farm Credit employees are responsible to notify their Benefits Contact or HR Representative to make the appropriate change.
To make changes to your health care plan:
- Complete a Status Change Form
- The form must be submitted within 31 days from the status change. When you submit the form a copy is sent to your Human Resources or Benefit Contact.
Full-Time Student Status
Full-Time Student Status is determined by the college, university or accredited institution (i.e. does the college considers the student's credit load full-time?).