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An open enrollment period is a window of time that happens once a year typically in the fall when you can sign up for health insurance, adjust your current plan or cancel your plan.
The annual Medicare open enrollment period runs from October 15th to December 7th each year (Figure 1). During this time, people with Medicare can review features of Medicare plans offered in their area and make changes to their Medicare coverage, which go into effect on January 1st of the following year.
When enrolling in Medicare after age 65, Medicare coverage is retroactive for the six months preceding Medicare enrollment, but not before an enrollees 65th birthday.
Generally open enrollment lasts between two to six weeks. Employers must ensure that employees have enough time to review their options and ask questions, but the time period must be short enough to ensure employees take action and dont forget to enroll in benefits coverage.
Open enrollment is not required to be a certain length of time. Most employers have an open enrollment period of at least two to four weeks. Need help defining health benefit terms to employees?
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