Open Enrollment FAQs for the Employer
Open Enrollment FAQs
At MAR Financial Group, we know how stressful the short open enrollment period can be for employers. Take a look at these Frequently Asked Questions about open enrollment below and contact us to learn more about the types of coverage available for your business.
Open Enrollment FAQs for the Small Business Owner
What is Open Enrollment?
Open Enrollment is the period when companies can start offering benefits without being subject to two specific regulations for one year.
When is Open Enrollment?
Between mid-November and mid-December. Usually the 15th-15th of both months, depending upon when Sunday falls on both dates.
What are the benefits for the employer to starting a new benefits program under Open Enrollment?
- There are no participation requirements, meaning you can start a plan with as few as two unmarried (to each other!) enrollees participating.
- There are no minimum employer-contribution requirements.
Who cannot participate in Open Enrollment?
Companies which already have benefit programs in place.
What happens if my firm misses the open enrollment period?
No problem: you can start a benefits program at any time! However, you may be subject to participation and minimum contribution requirements.
How can I learn more?
Contact us at MAR Financial Group for more information.