Benefits Glossary

Search and learn about common benefit terms and definitions

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Enrollment Process

Annual Enrollment

Enrollment Process

The yearly period when you can enroll in or change your health coverage.

COBRA (Consolidated Omnibus Budget Reconciliation Act)

Enrollment Process

Federal law allowing you to continue employer health coverage for a limited time after leaving a job. You pay the full premium plus administrative fee.

Open Enrollment Period

Enrollment Process

The annual timeframe when you can enroll in, change, or cancel your health insurance coverage.

Qualifying Life Event (QLE)

Enrollment Process

Major life changes (marriage, birth, job loss) that allow you to enroll or change coverage outside of annual enrollment.

Waiting Period

Enrollment Process

The time you must wait after starting employment before your health insurance coverage begins.