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A special enrollment period (SEP) is a period of time when you can enroll in a private health plan or change enrollment to another private plan if you experience a qualifying life event, like having a baby, getting married, moving to a new area, or losing other health coverage.
You qualify for a Special Enrollment Period if you've had certain life events, including losing health coverage, moving, getting married, having a baby, or adopting a child, or if your household income is below a certain amount.
MNsure, Minnesota's health-coverage marketplace under the federal health care act, says consumers who meet certain criteria will be able to obtain coverage or related financial assistance retroactive to as far back as Jan.
Qualifying life events are those situations that cause a change in your life that has an effect on your health insurance options or requirements. The IRS states that a qualifying event must have an impact on your insurance needs or change what health insurance plans that you qualify for.
More Definitions of Eligible Event Eligible Event means, subject to the elections made in the Election of Coverage, the occurrence of one or more of the following: Accidental Death, death, Accidental Disability, and Total Disability.
Examples of Qualifying EventsChanges in marital status such as a marriage, divorce, annulment, death of a spouse or a legal separation are all qualifying events. Changes in the number of (tax) dependents such as through birth, death or adoption would affect FSA coverage.
A change in your situation like getting married, having a baby, or losing health coverage that can make you eligible for a Special Enrollment Period, allowing you to enroll in health insurance outside the yearly Open Enrollment Period.
Understanding Qualifying Life Events and Health InsuranceBecoming newly married or divorced.Having a baby or adopting a child.Experiencing a death of the insurer in the family.Losing health insurance coverage due to job loss.Losing eligibility for Medicare, Medicaid, or Children's Health Insurance Program (CHIP).More items...
If a married couple who each have health insurance through a job wants to switch coverage from one employer to the other, usually it's a snap. During the fall open enrollment period the husband, for example, can simply drop his on-the-job coverage for the new year and his wife can add him to her plan Jan. 1.
You qualify for a Special Enrollment Period if you've had certain life events, including losing health coverage, moving, getting married, having a baby, or adopting a child, or if your household income is below a certain amount.