If you work with Mainstay Insurance Brokerage Inc, then you know that we structure all benefit plans as “contractually mandatory” enrolment. This means all eligible full-time permanent employees MUST be enrolled on the benefit plan. We do this to protect our client partners and put the risk onto insurers rather than vice-versa.
Even with this contractual format, employees sometimes ask to opt out during periods like maternity leave when they are asked to continue their contributions. I have had great success in getting the industry to make changes to protect women returning from mat. leave (more on that HERE) if they chose to opt-out, but it is still from perfect, so suggest maintaining coverage every time. Failing to stay enrolled can leave both the employer and employee (and dependants) in a very risky position. Call us before considering this in any situation.
The article below, provides more info on these situations. Please note that w “waive” due to spousal coverage is NOT the same as someone opting out of the plan, and is allowed if there is spousal coverage in place.