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Statement 7
“My employer’s open enrollment follows the same dates as the Marketplace.”
True or false?
Correct!
Not quite.
Each employer sets its own enrollment window. Many run it for two or three weeks in October or November, and some end before the Marketplace has even opened. Miss it and you usually keep last year’s choices, or in some plans lose coverage, until the following year. Choices about flexible spending accounts generally do not carry over at all and must be made again each year.