Waive coverage definition
Waive coverage means to formally opt-out of participation in the MSECP sections 4.01(a), 4.01(b), 4.01(c), 4.01(d), 4.01(e), and/or 4.01(g) in writing or online.
Examples of Waive coverage in a sentence
If the eligible employee electing to Waive coverage is a new employee to the School District, the employee shall receive cash compensation equal to twenty five percent (25%) of the School District’s cost fur the least expensive plan coverage to which the employee would have been entitled if the employee had not made the election.