Sometimes employees have other insurance through their parents or a spouse/domestic partner. If you have other insurance, you are welcome to opt-out of university coverage, and you might even be eligible for opt-out incentive payments of $50 per pay ($100 per month, up to $1,200 per year).
Remember that opting out means that you chose not to receive medical, vision, prescription, and dental benefits through Ñý¼§Ö±²¥ State. To receive the cash incentive, your alternate coverage cannot be through Ñý¼§Ö±²¥ State’s insurance, and you must submit an affidavit of alternate coverage every year.
If you opt-out and lose insurance coverage during the plan year, that loss is considered a Qualifying Event, and you will have a 31 day opportunity to enroll at Ñý¼§Ö±²¥ State.
If you have any questions about this or other benefits topics, you’re always welcome to connect with the Employee Benefits office. Call us at 330-672-3107 or email benefits@kent.edu.