Waive plans
A waive plan tracks employees who decline coverage in a plan or plans. It can serve as the default plan for employees who do not elect a benefit plan during enrollment. Under a flex plan, you can give an employee flex credits for waiving coverage.
Note: For benefit enrollment on the web, waive plans are necessary anytime an employee may decline coverage within a group of plans.
Examples
International Technical Services Inc., (ITS) has set up health and dental waive plans. All employees at ITS who did not enroll in health and dental benefits are enrolled in the waive plan so ITS can track these employees.
The Perex Company has a flex benefit plan. They enroll employees who do not select health and dental plans in a waive plan to allocate flex credits for waiving coverage.