When a person turns 16 years old, they get to drive. When 21 comes around, they can drink legally. Additionally, when they turn 26 years old, their reward is moving off their parents’ health plan. It’s not exactly the most welcome birthday present, but before the Affordable Care Act was enacted, they would have been on their own much earlier. So as employees (or children of employees) approach 26 years of age, it’s important they be prepared. Here’s what to tell them.
Explain the Open Enrollment Windows
Once a year, usually in October or November, there’s an open enrollment period in which employees select their health care plans for the next year. Picking the right health plan is crucial because unless the employee experiences a qualifying event, they’re stuck with the plan for a year. Qualifying events are things that would be considered major life occasions — think marriage, divorce, having a baby or changing jobs.
To keep reading, click here: How to Prepare Employees for Moving Off Their Parents’ Health Plan