What are Waive Plans?

A waive plan tracks employees who decline coverage in a plan or plans. It can be a default plan for employees who do not elect a benefit plan at the time of 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 choose to 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 choose not to 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 chose health and dental plans in a waive plan to allocate flex credits for waiving coverage.