A small non-profit wishes to cover only one of its ten employees. To qualify, they must have at least two ELIGIBLE employees. They intend to show the carrier that they have ten full-time employees and tell the carrier only one has opted for coverage. However, they do not intend to offer insurance, or even inform the other employees.
The broker says this is a loophole. Is this technicality legit? If not, what potential liability might the non-profit face from the carrier and/or the other employees?
Thanks very much.
The broker says this is a loophole. Is this technicality legit? If not, what potential liability might the non-profit face from the carrier and/or the other employees?
Thanks very much.