Yes, but only slightly.� FEHB enrollment changes may only be made outside of the open season under certain circumstances.� Under premium conversion, the opportunity to reduce or cancel your enrollment may be limited by the Internal Revenue Code.� You will be allowed to drop coverage or change to self-only outside of Open Season only if your decision to do so comes at the time of a qualifying life event (QLE).� These changes from current FEHB are minor, and the tax savings of premium conversion are significant.