OE GENERAL
WHAT IS OPEN ENROLLMENT?
Possible Responses:
- A set time of year when employees can enroll in benefits or change from one plan to another without benefit of a qualifying life event. Open enrollment usually occurs late in the calendar year, although this may differ from one plan to another.
-Or Give you own explanation.
What does it mean Active Enrollment?
Ppt must take action to enroll in benefits or lose coverage for default in a plan.
What is extended time period after OE to get enrolled but NOT COMMUNICATED to the ppts?
SILENT PERIOD
What is the meaning of OEP?
Open Enrollment Period
WHAT IS THE OTHER NAME OF OPEN ENROLLMENT PERIOD?
Annual Enrollment
Summarize what passive enrollment is.
- Taking the previous years election, the same for the upcoming plan year.
- If actions are not taken by ppt benefits will not be lost.
Is a time window that allows ppt to correct benefit elections already done during OE?
Corrections window
What does HCFSA means?
Health Care Flexible Spending Accounts
When the OE happens during the year?
Client specific
What elections needs to be done even on a Passive Enrollment?
Spending and Savings Accounts.
What is the OE period for TOYOTA 2024 ACTIVE HB?
Open Enrollment Period: 10/30/23 - 11/15/23
What does DCFSA means?
CAN CLIENTS USE OE TO OFFER NEW BENEFIT OPTIONS?
YES
What are the consequences for not taking actions during Active Enrollment?
Lose coverage or be enrolled on a default plan.
What is the OE period for BSA 2024 Active HB?
Correction Window: 11/18/23 - 12/31/23
What does mean AE?
Annual Enrollment (Official name of OE)
What is the only exception to make changes out of OE?
Qualified Life Events
How many times in a year an active-passive enrollment can be done?
1 TIME A YEAR.
What is the Enrollment type for BSA ACTIVE 2024 HB?
Passive
What is the meaning of QLE?
Qualified Life Events