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 (up to $100 per month).
Remember that opting out means that you chose not to receive the medical, vision, prescription, and dental benefits through °µÍø½ûÇø. To receive the cash incentive, you will need to submit an affidavit of alternate coverage every year. Also, please note: if you are covered by °µÍø½ûÇø's insurance, even if you are not the policyholder, you are not eligible for the incentive payment.
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