Section 892.206 - Can I cancel my waiver and participate in premium conversion?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.