The Small Group Special Enrollment Period (SEP) has arrived! From November 15 to December 15, small business owners like you have a valuable opportunity to secure health insurance plans for your employees without having to meet standard participation or contribution requirements.
For more details, watch this brief video overview of Small Group Special Enrollment:
As you consider your options, keep these five points in mind.
1. Eligibility Is Broad
The Small Group SEP is designed for businesses that may not meet traditional requirements for employee participation or premium contributions. Whether you’re a new business or have struggled to find a plan that fits your needs, this is a prime opportunity to offer coverage to your team.
2. No Minimum Participation Requirement
During this enrollment window, insurers waive the typical participation rules. This means you don’t need a certain percentage of employees to enroll in the plan, making it easier to provide coverage to those who want it.
3. Flexible Employer Contributions
Typically, employers are required to cover a set percentage of employee premiums. The Small Group SEP removes this barrier, allowing you to offer a plan without being locked into specific financial commitments.
4. Plan Variety
Small businesses can choose from a range of health plans, including PPOs, HMOs, and other options. This flexibility allows you to select a plan that best suits your employees’ needs and your budget.
5. Act Quickly
The Small Group SEP ends on December 15, 2024. Coverage obtained during this period typically starts on January 1, 2025. Missing this window means waiting for the next open enrollment period or meeting traditional requirements.
Don’t Miss Out!
Offering health insurance improves employee satisfaction, retention, and recruitment. This special enrollment period is your chance to establish or enhance your benefits package.
For personalized assistance or to explore plan options, contact us today. Take advantage of this limited-time opportunity to provide your team with the health coverage they deserve, and enter 2025 with a healthy and dedicated workforce.
