HR Fast Facts: Why Must Employees Provide a Reason for Waiving Medical Coverage?

December 8, 2022
HR Fast Facts: Why Must Employees Provide a Reason for Waiving Medical Coverage?
Employees who choose to decline one or more lines of coverage offered by a company for themselves or their dependents must sign a waiver and provide a reason for declining. The waiver that the employee will be required to sign can include the following:
  • Name
  • Social Security number
  • Employment date
  • Who the employee is waiving coverage for, and why
  • Confirmation that the only way for employees to enroll themselves or a dependent prior to the company's next open enrollment period (up to 12 months) is through a qualifying life event
These reasons directly affect the company's ability to qualify for insurance coverage, and should be accurately reported.

This communication is for informational purposes only; it is not legal, tax or accounting advice; and is not an offer to sell, buy or procure insurance.

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