How Can Employees Waive Employer-Sponsored Reimbursement or Insurance Coverage Through Take Command?
Waiving employer-sponsored benefits through Take Command means formally opting out of receiving reimbursements or insurance-related contributions for the rest of the calendar year. Below is a step-by-step guide to understanding and completing the waiver process, along with key information about its implications.
What Does Waiving Coverage Mean?
Waiving coverage implies that you are declining reimbursement from your employer for qualified healthcare expenses for the applicable plan year. It is a significant decision that prevents you from accessing these funds later in the year. If you are sure you do not wish to be reimbursed, follow the procedures outlined below.
Steps to Waive Employer-Sponsored Benefits
Follow these instructions to waive your employer-sponsored reimbursement or insurance coverage:
1. Log In to Your Member Portal
Visit the Take Command platform.
Use your credentials to log in. If you've forgotten your password, use the password reset option to regain access to your account.
2. Access the Waiver Option
Once logged in, completing the waiver depends on where you are in the onboarding process:
During Onboarding: You will automatically be guided through a series of steps. At Step 2, choose the option to 'Waive' to formally decline the benefit for the year.
After Onboarding: Navigate to the "Health Insurance" tab in your portal. Click on the "Shop Insurance Plans" button to access the onboarding steps again. At Step 2, select "Waive" to opt out of the employer-subsidized reimbursement.
3. Administrator Assistance (If Necessary)
If you're unable to log in or complete the waiver yourself, an administrator can waive the coverage on your behalf. This requires:
Filling out an official online waiver form.
Attesting that the required employee notices were provided.
Keeping records of the signed waiver for compliance purposes.
Important Considerations
Roster Inclusion: Waiving coverage does not mean you are removed from the company's roster. Only your employer can make changes to the employee roster. However, staying listed ensures accurate end-of-year reporting.
Existing Insurance: If you have other forms of coverage, such as Medicare with TRICARE as a secondary insurance, you can waive the employer's reimbursement if you do not wish to utilize it for your premiums or other eligible expenses.
Annual Commitment: Choosing to waive applies for the entire plan year and cannot be reversed until the following year. Ensure that you understand the long-term implications before proceeding.
Summary
Waiving employer-sponsored coverage through Take Command is a straightforward but impactful decision. By logging in to your member portal and following the outlined steps, you can complete the waiver without hassle. If you're unsure about whether waiving is appropriate for your circumstance, consider consulting with a benefits advisor or your employer’s administrator. For additional information or troubleshooting assistance, refer to your platform documentation or contact support.