Do you already have insurance through your spouse's employer or another job? Maybe you have coverage through the VA or TRICARE, or you prefer to stay on COBRA from your last job for a few more months before switching to an individual plan. Or, maybe you just aren't interested in purchasing insurance (we'd love to help you explore your options before you make that choice!)?
Whatever your reasoning, if you are choosing NOT to participate in your company's ICHRA plan, you can easily waive coverage through your Take Command Health member portal.
When walking through the onboarding or re-enrollment flow, on the second step in the "Reimbursement Amount" page, navigate to the waiver section. If onboarding automatically appears, follow its steps to the end. If onboarding does not appear, go to the "Health Insurance" tab and select "Shop Insurance Plans" to enter the onboarding flow. During this process, select the option to waive coverage for this year.
If you decide mid-year that you do want to participate (for example, if your spouse loses their job through which you currently have insurance), it's not too late! Reach out and we can help you get set up for reimbursement.
Make sure to submit waiver decisions by the 24th of the month to ensure no delays in processing for the next billing cycle, and keep accurate records of signed waivers and election notices for compliance purposes.
Important Note:
If you waive coverage through an ICHRA and it is considered affordable, you cannot claim the premium tax credit for yourself or any family members.
Maintain accurate records for all waiver and election decisions, including signed waivers and proof of notices, to ensure compliance and smooth year-end reporting.
Troubleshooting
If you encounter technical issues when waiving coverage, log in to the member portal associated with the employee or individual.
Capture screenshots of any error messages or issues encountered.
Submit the screenshots and issue details to technical support for resolution.
Administrators can assist with waiving ICHRA coverage through their admin portal. To assist: 1) Go to the administrator portal and locate the 'Waiver Options' section. 2) Enter the employee name individually or upload a spreadsheet to waive multiple employees simultaneously. 3) Ensure all important waiver notices are provided to employees. 4) Submit waivers by the 24th of the month to avoid billing for the next cycle. 5) Maintain accurate and signed records for compliance.