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Agencies Provide Significant Deadline Extensions for Participants in Employee Benefit Plans
Stevens & Lee 
[Guidance Overview] May 11, 2020 "These rules make significant changes for events that occur during the 'Outbreak Period.' The end date of the Outbreak Period, however, is unknown at this time; this adds additional complexity to the new COVID-19 rules.... There appears to be no requirement to notify participants about the extension of the election and premium payment timeframes.... Depending on the length of the Outbreak Period, many employers will be in their open enrollment period when or soon after the Outbreak Period ends. Even so, some employees will want to exercise their special enrollment rights to get coverage retroactively." |
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