Does the grace period apply if I started participating after the start of the plan year?
Yes. The grace period automatically applies if you are covered on the last day of the plan year, no matter what day you started coverage. So, if you enrolled as a new hire during the middle of the plan year, the grace period will apply as long as you were still covered on the last day of the plan year. If your coverage ends prior to the end of the plan year, you do not qualify for the grace period; all of your eligible expenses need to be incurred during your actual coverage period.
Related Questions
- What if I submit a grace period claim that exceeds the previous plan year balance, but want the remaining amount reimbursed from the current plan year?
- Does the grace period apply if I started participating after the start of the plan year?
- How does having the grace period affect my enrollment for the new plan year?
