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Coverage Election Summary for EOI To be completed by Group Administrator/Employer Attach this form with the completed Employee Application and return to:Dearborn Life Insurance Company Attn: Medical
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01
Gather all necessary information such as current coverage details, dependents, and any changes in coverage options.
02
Review the coverage election summary form to understand the sections and information required.
03
Fill out each section accurately and completely, ensuring all information is up to date and correct.
04
Double check the form for any errors or missing information before submitting.
05
Submit the completed coverage election summary form by the specified deadline.

Who needs coverage election summary for?

01
Employees who are eligible for company benefits
02
Insurance agents assisting clients with enrollment options
03
HR professionals managing employee benefit programs
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Coverage election summary is a form that reports information about the coverage elections made by employees during the enrollment period.
Employers who offer group health plans and have 20 or more employees are required to file coverage election summary.
Coverage election summary is filled out by providing information about the coverage elections made by employees, including the type of coverage selected and the effective date.
The purpose of coverage election summary is to report the coverage elections made by employees to the IRS.
Information such as the employee's name, Social Security number, type of coverage elected, effective date, and any dependents covered must be reported on coverage election summary.
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