EOI for Group Term Life
During Open Enrollment for the 2020 plan year, a configuration issue within Benefitfocus caused certain changes on Group Term Life not to pend EOI when they should have. These cases were recently identified and EOI forms have now been issued to the members.
Please note, once an employee receives an EOI form, this can be completed at any time. Although it says they have 60 days, if it is completed after 60 days it will still be considered. However, if a medical exam is required, this has to be performed within 30 days of the EOI completion, or another EOI will have to be done.
Therefore, if an employee does not feel comfortable at this time going out of their home or having someone come into their home to receive this exam, it is recommended that they wait to complete the EOI until a later date.
Keep in mind, the pending Life insurance amount will not go into effect until all required steps of the EOI have been completed and approved by Voya.
Voya prefers for these exams to be performed by APPS (American Para Professional Systems) and an employee would be given the below information if this exam is requested.