Rather it is an insurance voucher entitling the individual or family to enrollment in health plan of their choice.
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But the key here is that the employer has to offer both a 401(k) plan and automatic enrollment.
Looking at my list, the only concrete thing I accomplished was completing Open Enrollment for my company health plan.
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The defendant in the case, the University of Texas (UT), came up with an innovative two-step plan to increase minority enrollment.
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Employers need to be encouraged to institute plan features such as automatic enrollment with opt-out and stepped up contributions.
He also said the company would reduce waiting times for enrollment in the company's employee health plan and allow more children of employees to qualify.
Another key feature is a comparison recommendation engine for health plans that people can use during their open enrollment periods or when choosing an independent health plan.
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She had received a letter during the fall open-enrollment season informing her that her Medicare Advantage Plan would no longer be offered as of Jan. 1, 2011.
One way to exploit that inertia for a better outcome is automatic enrollment, in which employers default all new workers into the retirement plan unless the workers refuse to participate, which they are free to do at any time.
The open enrollment period for Medicare is until December 7, 2011 to choose a 2012 plan.
Indeed, it is not much of a stretch to suggest that these rules are the reason we have seen the widespread adoption over the years of employer matching contributions, automatic enrollment, automatic escalation of contributions, and numerous other innovations in the retirement plan space that have been shown to increase saving.
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He says that in Japan education ceases to be compulsory at 14, although most students opt to stay on under an indirect voucher plan whereby government aid is channeled to the school on the basis of enrollment.
Finally, use open enrollment as an opportunity to increase contributions to your retirement account (and perhaps an HSA) and plan to continue doing so going forward.
California had the largest enrollment with 4, 907 enrollees through November (growing to 6, 672 at year-end according to its plan administrators).
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