Oct 09, 2018
What is SEP?
The Affordable Care Act (ACA) requires health insurers to offer an annual one-month special open enrollment period to employers in the small group market (1-100) who don’t meet the employee minimum participation or employer minimum contribution requirements. A group must still qualify as an eligible small group and meet all other standard carrier requirements before they can qualify for the Special Enrollment Period (SEP).
What is the deadline?
Groups can submit for coverage from November 15 to December 15, which falls on a Saturday this year. Each carrier has determined when they interpret the SEP deadline to be – the Friday before the deadline, the Monday after the deadline, or the deadline as is. Coverage is effective January 1st of the following year.
Where can I find out more?
Your LISI Regional Sales Manager can assist you with SEP.
