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

December 8, 2022・2 mins read
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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 article is for informational purposes only, is not legal, tax or accounting advice, and is not an offer to sell, buy or procure insurance. TriNet is the single-employer sponsor of all its benefit plans, which does not include voluntary benefits that are not ERISA-covered group health insurance plans and enrollment is voluntary. Official plan documents always control and TriNet reserves the right to amend the benefit plans or change the offerings and deadlines.

This article may contain hyperlinks to websites operated by parties other than TriNet. Such hyperlinks are provided for reference only. TriNet does not control such web sites and is not responsible for their content. Inclusion of such hyperlinks on TriNet.com does not necessarily imply any endorsement of the material on such websites or association with their operators.

TriNet Team

TriNet Team

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