ComplianceMnthlyRecap MH 5.16.22

Are Opt-Outs on the Way Out?

Posted by: Danielle Capilla    Oct 27, 2016 9:30:00 AM

men exchanging cashOpt-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