New York State Waiver of Non-Contributory Health Insurance |
The State of New York Insurance Department Office of General Counsel (OGC) has issued definitive guidance on whether employees may waive employer-sponsored health insurance that is fully paid for by the employer. In the Office of General Counsel Opinion Number 10-12-15, released on December 31, 2010, New York officials have stated that employees must accept employer sponsored health insurance that is fully paid for by the employer and may not waive that coverage. Click here for more information. We are, as always, available to you for any questions relating to this notice, or any other employee benefit issues or concerns.
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Bollinger offers the above information for the education of our clients. It is not intended to be legal or actuarial advice. If such advice is required, we strongly recommend that you consult with your current professional advisor or engage a licensed professional.
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