This time of year you will hear the term Open Enrollment in the news, among friends, and especially at work. So what is Open Enrollment, anyway? Open Enrollment provides an opportunity for benefits participants to make changes to benefit plans that are not allowed at other times during the year. For many benefits options that time falls toward the end of the year.
For any of the benefits offered through Helpside, the Open Enrollment period for 2020 is from November 1, 2019 – November 20, 2019. Changes that may be made include:
- Eligible employees may enroll in new benefits.
- Employees may cancel or change their existing benefit options.
- Employees may add eligible dependents to existing benefits.
- This time of year is important because employees who fail to make changes or enroll by November 21, 2018, will have to wait until the next open enrollment period unless they have a qualifying event.
Additionally, this time period is the only opportunity existing employees who work for a company offers a flexible spending account are able to enroll in the 2020 Flexible Spending Account and Dependent Care Account. FSA enrollments do not roll over year to year. You must enroll each year that you would like to participate.
This year, employees will complete their Open Enrollment elections and changes online through the Employee Portal on our website. Check out this brief tutorial video for more information.
If you have questions about open enrollment or what benefits are available to your employees, please contact our client success team via Live Chat on our website, call 1-800-748-5102 or email email@example.com.