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

If an employee needs to waive medical coverage, find out how it can impact your company.

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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.

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