Click the Submit Waiver Request button after entering your NetID in the Electronic Signature area. You will not be covered under the University-sponsored health insurance plan if you complete and save the waiver form, and the price for health insurance will be withdrawn from your fee bill.
How do I decline my Uconn insurance?
You can decline/waive the UCONN SHIP if you have additional medical health insurance coverage (either through an employer-sponsored plan or a family plan). Your other/alternative coverage must be in effect on the first day of classes and stay in effect for the duration of all semesters in which you are enrolled.
You must use the Health Insurance Waiver in the PeopleSoft Financial system to decline/waive-out. Waiver Instructions – Student Administration System contains instructions on how to locate and complete the waiver.
How can I waive my health benefits?
Employees are not compelled to engage in perks such as health insurance, which is a wonderful feature. Opting out of coverage has no financial consequence.
When an employee declines their employer’s health insurance, they are said to have waived coverage. Employees can also opt out of coverage for a family member who was previously covered under their plan. Employees sign a waiver of coverage to opt out of insurance.
Employees can only opt out of coverage for limited periods of time. Here are several scenarios in which employees can opt out of coverage:
- During open enrollment, which occurs near the end of the year and allows employees to choose whether or not to participate in a health care plan,
- If the employee’s family status changes, which is a qualifying life event that allows them to lose benefits (e.g., marriage, divorce, birth)
Coverage that has been waived usually does not last indefinitely. Even if they previously declined coverage, an employee can elect to join during open enrollment. If the employee’s family status changes, they don’t have to wait for open enrollment.
Why would an employee waive coverage?
Employees may choose to forego health insurance for a variety of reasons. They may have a spouse with health insurance, or they may still be on their parents’ plan, or they may be able to obtain better coverage through an independent plan.
Employees cannot opt out of coverage just because they do not want it. People who do not have health insurance will be penalized under the Affordable Care Act.
Employee health insurance waiver form
Give an employee a health insurance waiver form if they want to opt out of employer-sponsored insurance. Your insurance company can provide you with a waiver of coverage form.
On the waiver of coverage form, the employee must submit information such as their name, Social Security number, who they are waiving coverage for, and why they are waiving coverage. The employee must then sign and date the document.
Do not deduct insurance premiums from the employee’s paychecks after they have signed the waiver form. Keep a copy of their health insurance waiver form for at least three years in your payroll records.
If employees do not want insurance, they may be required to sign waiver coverage papers on an annual basis. Your carrier will determine this. If employees must sign documents annually, make sure they are sent and collected during open enrollment.
Insurance Waiver Criteria
Students must have a private health insurance plan with the following benefits in order to waive the PSU Student Health Insurance Plan:
- The plan must go into effect on or before the start of the term. A waiver cannot be issued for a term if the plan’s effective coverage date is after the term start date.
What is Uconn student health and wellness fee?
A: The $290 Student Health Services charge on the fee bill is a price that was formerly included in the General University Fee.
Can insurance be waived?
The premium waiver provision is usually included in insurance policies, however in some situations, an additional price is charged to obtain the premium waiver benefit. The premium waiver rider is useful if the insured suffers a complete or substantial loss of income due to an unforeseen incident.
What is a qualified waiver?
A health insurance waiver is a document that, once completed, allows you to formally seek to be removed from a health insurance plan that has been given to you. This could be a group health insurance plan provided as part of a program, by your job, school, or another organization. Health insurance waivers are not accessible in all situations, and they may have particular eligibility conditions.
Insurance Requirement
To ensure that students stay well and in the classroom, PSU requires all domestic students enrolled in five credits* or more every term to have comprehensive health insurance. The Student Health Insurance Plan (SHIP) is a major medical health insurance plan that covers preventative, regular, and specialty health care. If you have similar outside health insurance, you can apply to have the Student Health Insurance Plan waived.
Non-eligible/Restricted Differential Tuition Credits
Restricted Differential Tuition credits, such as those earned during study abroad, the School of Public Health with OHSU, and some continuing education credits, do not count toward the 5 credit hours that trigger the Student Health Insurance Plan requirement, nor do they count toward eligibility to use SHAC.
Insurance Plan Eligibility
The PSU Student Health Insurance Plan is available to students who are enrolled in five or more credits in a particular term.
Students who have fewer than five credits at the conclusion of the second week of the semester are no longer eligible for the PSU Student Health Insurance Plan for that semester. If a student needs to withdraw all of their classes due to illness, but still wants to be covered by the PSU Student Health Insurance Plan, they should contact the insurance department.