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 HRA Hub member portal.
When walking through the onboarding or re-enrollment flow, you will find the ability to navigate to the waiver section. If onboarding automatically appears, follow its steps to find the option you are "Not Interested" located below the shop for a plan button. If you are not automatically seeing the onboarding steps mentioned, you may be able to use the Qualifying Life Event option to work around and access the flow and waive your benefits from there.
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.
If you decide mid-year that you do want to participate (for example, if you experience a Qualifying Life Event), it's not too late! You can go through the Qualifying Life Event button in order to shop for a plan or feel free to reach out to our support team.
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 HRA Hub portal.
Capture screenshots of any error messages or issues encountered.
Submit the screenshots and issue details to support@takecommandhealth.com for assistance or contact us directly.
Administrators will not be able to waive employee benefits as per IRS regulation, so do let us know if you require any assistance in updating your account.