5 CFR §892.206
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Yes, you may cancel a waiver and participate in premium conversion if:
- (a)You have a qualifying life event; the change in FEHB coverage is consistent with the qualifying life event; and you complete an election form to participate in premium conversion within 60 days after the qualifying life event; or
- (b)You cancel your waiver during an open season, including an extended open season authorized by OPM.