What is a special enrollment period?

When it comes to health insurance, you typically have one small window of time to sign up. The open enrollment period runs from November through January in most states. But if life throws an unexpected curveball your way, you may qualify for a special enrollment period.
Learn more in our blog: www.peoplekeep.com/blog/what-...
CHAPTERS:
0:00 - Introduction
0:28 - How does an SEP work?
1:00 - How do you know if you qualify for an SEP?
2:29 - Are there additional qualifying changes for an SEP?
3:30 - What do you do once you qualify for an SEP?
3:57 - Conclusion
There are four basic types of qualifying events:
1. Loss of coverage.
2. Offer of a new health benefit.
3. Changes in household.
4. Changes in residence.
There are some other circumstances that allow you to change your health coverage.
They include:
- Experiencing an enrollment or policy information display error
- Gaining or becoming a dependent due to child support
- Getting an SEP appeal decision that's in your favor
- Missing your enrollment period due to a natural disaster or a national or state-level emergency
- Gaining membership in a federally recognized tribe
- Experiencing domestic abuse and needing a health plan that's separate - from your abuser
- Leaving incarceration
If you've experienced one of the qualifying events listed above, you're ready to apply for an SEP. You can do this either through HealthCare.gov or your state exchange.
If you're an employer looking to provide employee benefits through HRAs, PeopleKeep can help! Our personalized benefits administration platform makes managing your benefits easy.
Learn more here: www.peoplekeep.com/
Since starting in 2006 as Zane Benefits, we've helped thousands of organizations offer affordable benefits to their employees.
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