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Wednesday, 26 April 2023 23:37

What Happens If Your Employees Miss Open Enrollment?

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If your employees miss your open enrollment deadline, they could lose coverage and be unable to make benefits changes or enroll until the next enrollment period. One exception to this rule is if they experience a life-changing qualifying event that would trigger a special enrollment period (SEP). Events such as getting married or divorced, having children or losing eligibility for other health coverage can trigger special enrollment rights.
Additionally, if they missed the company's enrollment deadline, there are a few other options for trying to obtain health insurance, including:
• Spousal benefits
• Young adult benefits under a parent’s plan
• State insurance marketplace
• Medicaid
• Short-term health insurance
Have your employees contact their HR representative if they missed the open enrollment deadline and think they might qualify for a SEP.

CLICK HERE for more information.
Read 150 times Last modified on Tuesday, 02 May 2023 00:47
Kristen Russell

Kristen founded Fall River Employee Benefits as the culmination of her insurance industry career as an actuary, underwriting executive & consultant. As an Assistant Vice President at Great-West Healthcare (now part of CIGNA), she managed a $1 Billion block of health insurance. She also worked as a Senior Consultant at Reden & Anders, consulting to insurance companies and large employers throughout the country. Ms. Russell received a Bachelor of Science, Business Administration in Actuarial Science, is a member of the American Academy of Actuaries and achieved Fellowship in the Society of Actuaries through a rigorous nine-year series of exams.

Kristen grew up in Iowa but has lived in Colorado since 1993, currently living near our office in the Lower Highlands neighborhood near downtown Denver.  She enjoys bicycling, hiking, traveling and has a special passion for non-profit volunteering. She is married to an incredibly talented photojournalist, has two adult stepdaughters and an adorable Border Collie/Lab mix named Chaco.