Annual Open Enrollment Effective Dates Clause Samples
The "Annual Open Enrollment Effective Dates" clause defines when changes made during an annual open enrollment period become active. Typically, this clause specifies that any elections or modifications to benefits, such as health insurance or retirement plans, made during the designated enrollment window will take effect on a set date, often the start of the new plan year. By clearly establishing the effective date for these changes, the clause ensures that both employers and employees understand when new or updated benefits will be in force, thereby preventing confusion and ensuring a smooth transition between plan years.
Annual Open Enrollment Effective Dates. The Effective Date for an eligible individual who timely enrolls during an Annual Open Enrollment Period is based on the date during the Annual Open Enrollment Period that the eligible individual enrolled. The Effective Date shall be the date established in 45 CFR §155.410(f), or the date established by the Exchange.
Annual Open Enrollment Effective Dates. The Effective Date for an eligible individual who timely enrolls during an Annual Open Enrollment Period is based on the date during the Annual Open Enrollment Period that the eligible individual enrolled. The Effective Date shall be the same date established in 45 CFR §155.410(f) or established by the Maryland Health Benefits Exchange for coverage purchased through the Maryland Health Benefits Exchange during the Annual Open Enrollment Period.