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Can I decline coverage?

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M

Moira

Guest
What is the name of your state?Tennesee, Indiana, Wisconsin

I work in Tennessee for a company based in Indiana whose life insurance is underwritten by a company in Wisconsin. I have been told that I cannot decline the minimum free life insurance coverage because the company has to pay for it anyway. Is this the case? It seems odd that I can't decline coverage.
 


cbg

I'm a Northern Girl
If you are talking about employer-sponsored insurance that is 100% paid for by the employer, then they can require you to take it. The contract almost certainly requires that 100% of the employees participates.

If you would be paying for part of the coverage, THEN you can decline it.

If I've misunderstood the situation, please clarify.

Query; why would you want to decline free coverage?
 
M

Moira

Guest
Reasons

The minimum coverage is paid by the employer and additional coverage is paid by the employees. I want to decline coverage because it would be redundant. (I have other coverage.) Also, because accepting coverage requires a release of medical records and I do not want to release my records to another insurer when I do not need the second coverage. If I neither want nor need coverage, it seems odd that I would be required to enroll. Is there anyway not to do so?
 

cbg

I'm a Northern Girl
I want to make sure I understand you properly so that I don't steer you wrong. Tell me which of these scenarios is correct. The numbers are only intended as examples.

1. The company provides $5000 of life insurance to all employees at no cost. Employees have the option of picking up x amount of additional insurance at their own expense.

2. The company provides life insurance to all employees, for which they provide 80% of the premium and the employee pays 20%.
 
M

Moira

Guest
How it works

The first scenario is correct. The company in this case provides $15,000 at no cost to the employee or $50,000 for a monthly premium. (I don't know the amount of the premium.)
 
M

Moira

Guest
Drat

That stinks. Thanks for the help though. I appreciate it.
 
M

Moira

Guest
Release of records.

Could I just get myself denied by refusing to release my records?
 

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