Frequently Asked Questions
What is Open Enrollment?
Open enrollment, sometimes called annual enrollment, is the period when you can freely change your insurance plans. Open/annual enrollment occurs both for individual plans and employer-sponsored plans.
When will a new hire be eligible for benefits?
Waiting periods will vary from company to company. Employers usually define waiting periods with benefit carriers when they establish benefits. Employers can amend waiting periods at renewal, but they typically stay the same.
If an employee leaves mid-month, when does their coverage end?
When an employee terminates mid-month, coverage will generally last through the end of the month. For plans with a non-traditional effective date, one that was initially effective on the 15th of the month, for example, coverage will last through the end of that billing period.
Do I need to have employees to offer benefits?
From small to large businesses, offering employee benefits to retain top talent is essential! But how small is too small to write group benefits for your company?