Today we take a deep dive into the special enrollment period to gain a better understanding of qualifying life events and better ways to grow your business. Here are some tips and tricks of the trade to better serve your clients during enrollment.
Special Enrollment Period: February 15th through May 15th
What is the Special Enrollment Period (SEP)
During the Special Enrollment Period (February 15th through May 15th), agents can enroll eligible clients in health insurance due to the coronavirus pandemic (COVID-19). There are more restrictions on who you can enroll in health insurance. Your client can only enroll during the SEP if they’ve experienced a qualifying life event (QLE).
- Blue Cross Blue Shield of Texas is offering up to $25,000 in bonuses. Click here to learn more.
- Molina is offering up to $50 per member in their SEP bonus. Click here to learn more.
- Friday Health is offering up to $40 per member in their SEP bonus. Click here to learn more.
What is a QLE?
You may qualify for a Special Enrollment Period to enroll any time if you’ve had certain life events, including losing health coverage, moving, getting married, having a baby, or adopting a child.
Depending on your Special Enrollment Period type, you may have 60 days before or 60 days following the event to enroll in a plan. You can enroll in Medicaid or the Children’s Health Insurance Program (CHIP) any time.
Job-based plans must provide a Special Enrollment Period of at least 30 days.
Depending on the qualification of your client, they will have a certain timeframe to enroll. Your client will have 60 days before or after a QLE to enroll in the special enrollment period.
If your client does qualify for a SEP, they need to enroll within a certain timeframe. Depending on your client’s QLE, they will either have 60 days before or after the event to enroll in a Marketplace plan.
What Happens if they Miss the Allotted Timeframe?
If your client misses their eligibility window, they will not be able to enroll unless they have another QLE or the following Open Enrollment Begins.
It’s time to step in and walk your clients through the Special Enrollment Period. This way, your qualifying clients may enroll at the right time, the right way. We partner with HealthSherpa to help make the process easy for you to compare and enroll your clients online- FOR FREE. Learn how to use the application process below.
This Special Enrollment Season takes some navigation. Make sure you are ready to arm your clients with healthcare knowledge this season.