What is a health insurance OEP & SEP?

/

In the insurance world we often talk using a lot of acronyms. When applying for individual health insurance you may see OEP and SEP. OEP means open enrollment period, this is the one-time limited period per year that an individual can enroll in a health insurance plan or switch to a new carrier or plan. The open enrollment period typically starts in fall and lasts about six to eight weeks (check with your agent for official OEP dates). SEP is a special enrollment period. This is an enrollment time period for people due to a special circumstance (life event), getting married, having a baby, losing other health insurance coverage or moving out of the area. The SEP gives an individual 60 days from the qualifying life event to enroll in a health insurance plan.

At the Thomes Insurance Agency we can help you navigate the individual health insurance enrollment process, call us today at 763-682-1591.

By Lana Fabel

/ /

Matt Jeske

Cloud services provider and consultant, hosted email, online backups, document management, website hosting and domain name registrations, graphic design and IT consulting services to small businesses of the Twin Cities and western suburbs. Give your clients, prospects or members the ability to access details on your products, services and resources from the comfort of their home, office chair or on the road. Expand your client base beyond ridiculously expensive local newspapers, publications and directory listings. MNgeek offers affordable rates on web, domain names, IT and cloud consulting services with all of the necessary web hosting and expertise.