If you are a business owner looking for health insurance but could never enroll because of participation requirements? This period is for you! Your group qualifies for a Special Enrollment Period (SEP)!
Business open enrollment is from November 15th to December 31st for a January 1st, 2021 effective date.
Technically you need 75% of your employees to opt into a group health insurance plan, but during the open enrollment, that requirement is waived, and you can enroll even if only one person is insured. The SEP’s main requirements for your business are that you have at least one W-2 employee on the plan, besides the owner and the spouse of the owner.
Bottom line don’t just sit back and swallow a premium increase. There may be better plans for you out there today, with benefits that better suit your needs, a better provider network and/or more competitive premium.
A little time and effort now can make a great difference throughout the next year, both financially and with the quality of your healthcare. Just give Cosmo Insurance Agency a call. We will simplify the process for you!
Cosmo Insurance Agency is a full-service independent insurance agency based in Hackensack (Bergen County) and Lakewood (Ocean County), New Jersey that offers an all-encompassing range of insurance options for both individuals and businesses. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating our knowledge of the insurance guidelines for healthcare, employee benefits, life insurance, self-insurance, dental, disability, and long term care insurance, we keep our clients up-to-date with affordable plans that cover all their specific insurance needs.
