The most common qualifying events that result in a loss of coverage can be:
- Reduction in hours of the covered employee’s employment;
- Voluntary or involuntary termination of the covered employee’s employment other than for reason of gross misconduct (note that a retirement is considered a termination of employment);
- Death of the covered employee;
- Divorce or legal separation of the covered employee from the employee’s spouse;
- Dependent child ceasing to be a dependent child under the generally applicable requirements of the plan.