The clock is ticking for employers to take advantage of the annual Special Enrollment Period (SEP), a unique opportunity to offer group health insurance with fewer requirements. Here’s what you need to know to make the most of this limited-time window:
What is the SEP?
The Special Enrollment Period is a once-a-year opportunity for employers to apply for group health coverage without needing to meet the usual minimum Contribution and Participation requirements. This makes it easier than ever to provide your employees with essential health benefits, even if you’ve struggled to meet these thresholds in the past.
Key Dates to Remember
- SEP Application Window: November 15th – December 15th every year
- Documentation Deadline: All required documents must be submitted no later than December 15th to qualify.
- This year, December 15th falls on a Sunday. We recommend ensuring your group meets the December 13th deadline to avoid delays.
- Coverage Effective Date: January 1st
Don’t Miss the Deadline
Submitting a complete application is critical. If just one required document is missing, the carrier may decline your group’s SEP eligibility and revert your application to normal Underwriting rules. This means:
- Regular Contribution and Participation requirements will apply.
- Your group may face additional hurdles to secure coverage.
Why Act Now?
Time is of the essence. We’re already past the November 15th start date, so the sooner you act, the better. Missing the SEP window could mean delaying group coverage or navigating more stringent underwriting requirements.
How to Get Started
Our team at Grand Mutual Insurance Services (GMIS) is here to guide you through every step of the process. Reach out today to:
- Understand your group’s eligibility.
- Gather and submit the necessary documentation.
- Ensure your group meets the December 13th deadline to avoid weekend delays.
The SEP is a valuable opportunity to provide your team with peace of mind and security as we approach the new year. Don’t let this chance pass you by!
Have questions?
Contact Amy Medvin today for personalized assistance:
amym@grandmutual.com
818-587-6046
CA License: 0764369