SEP
The U.S. Department of Health and Human Services (HHS) recently finalized its Notice of Benefit and Payment Parameters which is also summarized in this Fact Sheet. These regulations are issued each year and make updates and changes to various provisions of the Affordable Care Act (ACA).
On Jan. 28th, President Biden issued an executive order creating a special enrollment period (SEP) from Feb. 15 – May 15.
Join Flex University and Bright Health's Illinois Broker Manager, Jaizon Plaga, for a virtual product refresher training to get you ready for this new SEP, including:
Insurance companies are concerned that some people are abusing the Special Enrollment Period (SEP) that is available in the individual marketplace. They have indicated at least some people are delaying enrollment in coverage until they get sick, applying for coverage only once they need it, and then canceling the coverage after treatment. They further argue that there aren’t enough rules in place to verify if a person actually experienced a qualifying event which would trigger a SEP.
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