What changes can you make to your health insurance mid-year?
If you’re an employer who offers a group health insurance plan or an employee enrolled in an insurance policy, you may ask yourself, “Can I change my health insurance plan mid-year?”
Employers can make a few changes mid-year without any penalties. They can change their current health plan, make contribution changes, and add waiting periods.
Employees can only update or change their health plans during the open enrollment period or a special enrollment period triggered by a qualifying life event.
Both employers and employees should carefully review plan documents and requirements before making any mid-year changes to a health insurance plan.
To learn more about mid-year changes, visit PeopleKeep.com. You can also check out our other videos for more benefits and small business tips.
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