Open enrollment is the period of time each year in which eligible employees may enroll in your health plan. During this time- typically a couple of months prior to the new plan year- employees must review your offerings and decide which benefits to select. Some plans may stay the same from year to year, with adjustments for any changes in the law, while other plans may feature significant new benefits. Much of what is offered is up to the employer. Health plan options often include traditional medical coverage, but may also include other health benefits, such as:
Employees who are considering their benefit options for the 2011 plan year should take note of a number of changes to health plans under the Patient Protection and Affordable Care Act.
The Affordable Care Act created new limits on some workplace health plans. These plans include tax-free flexible spending arrangements and health savings accounts.
Starting January 1, 2011, the cost of over-the-counter medicine will no longer be reimbursed through these plans unless prescribed by a doctor.
For plan years that start on or after September 23, 2010, group health plans must implement a number of important changes under the Affordable Care Act. Some of these key changes include...
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