About New Hire Waiting Periods

When you add a new hire to Maxwell, the Effective Date for the benefits will automatically be calculated from the Date of Hire (DOH) plus the waiting period indicated at implementation. You can see the Effective Date of the new hire’s benefits by going to their profile, selecting “View Event Details” in the “Actions” drop-down, and clicking Edit on the benefit you want to see the effective date for. In the example below, the waiting period is the first of the month following the date of hire because the date of hire is 5/20/19 and the effective date is 6/1/2019. You’ll want to make sure to click Cancel to click out without saving anything!

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New hire waiting period options

Maxwell Health supports seven different waiting periods, which are all listed as options at implementation.

  • Date of Hire (DOH). 
    For example:
    DOH = October 1, Effective Date = October 1
    DOH = October 15, Effective Date = October 15

  • Date of Hire (DOH) plus the number of days/months of your choice. Please note that the DOH counts as one of the calendar days. 
    For example:
    DOH = October 1, Effective Date = November 1 (for plus 30 days)

  • First of the month following DOH - coinciding with current month. This means that if the DOH is on the first of the month, the employee will be eligible that day.
    For example:
    DOH = October 1, Effective Date = October 1
    DOH = October 15, Effective Date = November 1

  • First of the month following DOH - not coinciding with current month. This means that if the DOH is on the first of the month, the employee will be eligible the following month.
    For example:
    DOH = October 1, Effective Date = November 1
    DOH = October 15, Effective Date = November 1

  • First of the month following 30 calendar days, 45 calendar days, 60 calendar days, 90 calendar days, or 3 months after DOH - coinciding with current month. This means that if the 30th calendar day (for example) lands on the first of the month, the employee is eligible that day. Please note that the DOH counts as one of the calendar days.
    For example (for 30 days):
    DOH = October 1, Effective Date = November 1
    DOH = October 3, Effective Date = November 1
    DOH = October 15, Effective Date = December 1

  • First of the month following 30 calendar days, 45 calendar days, 60 calendar days, 90 calendar days, or 3 months after DOH . This means that If the 30th calendar day (for example) lands on the first of the month, the employee is eligible the following month. Please note that the DOH counts as one of the calendar days.
    For example (for 30 days):
    DOH = October 1, Effective Date = November 1
    DOH = October 3, Effective Date = December 1
    DOH = October 15, Effective Date = December 1

Please note: The Affordable Care Act (ACA) mandates that employers cannot wait more than 90 calendar days to offer medical insurance coverage to eligible employees. For this reason, the system will cap the New Hire Waiting Period to 90 days from the employee's date of hire.
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If you see an effective date for a product that's not consistent with the indicated waiting period selected by your Advisor, please contact Maxwell Customer Support at support@maxwellhealth.com or call (866) 629-7445.

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