If you already have a Plan you started years ago, you can amend and restate the Plan anytime. The Shared Benefits Plan is continuously updated and we notify clients of relevant changes. It's not unusual for a group to misplace a Plan Document and need to replace it. This is a good time to update the old plan with current plan documents. Give us a call and we'll help you.
It can be started any time during the year. The best time to establish the plan is at your group health insurance plan renewal. Because most groups receive rate increases at renewal, this is the ideal time to allow employees to get enrolled prior to the new Plan Year.