United Benefit Advisors Insight and Analysis Blog

Are Opt-Outs on the Way Out?

Posted by: Danielle Capilla    Oct 27, 2016 10:30:00 AM

Opt-out payments or cash in lieu of benefits have been a staple in the employee benefits industry for many years. Employers offer individuals who are eligible to enroll in their group health plan a sum of money, typically paid monthly, to those who waive enrollment in the group health plan. Employers who offer group health plans often use opt-out payments to share the savings they receive when an employee chooses not to enroll in the benefits offered.

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Topics: employee benefits, UBA Health Plan Survey, Danielle Capilla, opt-out arrangement, waive medical coverage

Should Employers Opt Out of Their Coverage Opt-Out Program?

Posted by: Danielle Capilla    Jan 21, 2016 12:00:00 PM

According to the 2015 UBA Health Plan Survey, fewer employers are offering bonuses to waive coverage, but for those that do, the bonus amount is on the rise. Only 2.9% of employers offered a bonus to employees to waive medical coverage in 2015, a 17.1% decrease from 3.5% two years ago. The average annual single bonus in 2015 was $1,680, which is a 10% increase from 2013.

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Topics: ACA, Affordability, UBA Health Plan Survey, Danielle Capilla, coverage waiver bonus, opt-out arrangement