Medical Insurance Open Enrollment Important Dates - Russ Caforio & Associates

​Important OPEN ENROLLMENT dates to remember for Medical Coverage:
 
Individual Medical Insurance -To buy or change your existing plan-
For January 1, 2016 effective dates-November 1, 2015 to December 15, 2015 
For February 1, 2016 effective dates-December 16, 2015 to January 15, 2016
For March 1,2016 effective dates-January 16, 2016 to January 31, 2016
 
Temporary Coverage is available at any time to cover gaps in coverage or for coverage after January 31, 2016.
NOTE: Temporary coverage DOES NOT qualify as required essential coverage and you could be subject to the tax penalty.
 
Medicare Advantage and/or Part D-Prescription Drug Coverage-To buy or change existing coverage- For January 1, 2016 effective dates-October 15, 2015 to December 7, 2015 
 
Small Group-1 to 50 employees-
For January 1, 2016 effective dates-November 17,2015 to December 31, 2015
Can write 1 life “group” with 2 or more employees on wage and tax statement-cannot be only husband and wife. NO participation requirements…NO employer contribution requirements-waivers required for all eligible employees not taking coverage.
 
For questions or additional information, contact Russ Caforio @ 630-495-2901

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