Can Employees Opt Out/Refuse of Health Insurance?

By | September 14, 2018

In today’s modern world, workforce, and governmental standards, rules, and regulations what is expected or required of employees and individuals alike when it comes to medical insurance can be a bit confusing.

In fact, there are variety of ways in which a citizen can be penalized for not pursuing, obtaining, and sustaining an “adequate” (as defined by the U.S. Government) medical insurance plan. Such a plan is actually broken down and identified to be at least 60% of total coverage, and catastrophe (fatality) coverage – for those 30 years or younger.

In consideration of finances and desirability, many individuals and employees find themselves less concerned about how or why their employer will react if they deny employee-based medical benefits and instead are drawn to the heavy penalties applied by the U.S. government if not adequately obtained.

The exception and important consideration for all to remember is that a health insurance premium that exceeds 8% of an individual’s salary can be appreciated and identified as “unaffordable” and in turn release the employee from responsibility or liability for not pursuing medical coverage through their employer.

However, unless they acquire a “below poverty” or minimum salary reduction and waiver exception for health insurance, individuals can expect to face a fine and deduction of their tax returns for refusing to maintain medical insurance throughout the year. This is especially applicable for citizens that for whichever reasons disregarded ObamaCare, Medicaid, or any other government, NGO, or general market-place affordable health insurance plans – or one from their employer or a loved one.

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