Special Election Period for Small Businesses
S.E.P. for small business health insurance. The yearly Special Enrollment Period (SEP) for small businesses is between November 15 and December 15. If you are going to get insurance for your small business during this time, you need to make sure that you have: at least two total employees. at least one eligible employee.
The minimum participation rate is waived during the S.E.P. period. What this means is small employers can offer a group health plan to their employees even if the group doesn't meet the minimum 75% participation requirement. No waivers. During this period, employers can enroll without meeting the participation requirement.
Contact me for more information.
Christopher S. Kudryk
KBenefits provides insurance solutions for small business owners and individuals in NJ & NY. Contact KBenefits today and see how we can benefit you.
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