Waiting Period (job-based coverage) October 01, 2020 03:01 Updated The time that must pass before coverage can become effective for an employee or dependent who is otherwise eligible for coverage under an employer-sponsored health plan. Related articles What should I do if I experience a change in income or another change in circumstance during the year? How do we get on the broker workgroup? Changing coverage outside of the Open Enrollment Period Health Maintenance Organization (HMO) How do I get free help from a Pennie-certified broker or Pennie Assister? Can't find your answer? Find local assistance or contact us.