A "Qualifying Event" refers to specific circumstances that allow individuals to make changes to their health insurance or benefit plans outside of the usual enrollment periods. Common examples include events like marriage, divorce, the birth or adoption of a child, or losing other health coverage. These events trigger a special enrollment period during which individuals can enroll in, change, or cancel their plans. Understanding qualifying events is essential for maintaining proper health coverage. If a qualifying event occurs, individuals typically have a limited time, often 30 to 60 days, to make necessary changes to their insurance plans to ensure they have the appropriate coverage for their new situation.