Opting out of coverage definition

Opting out of coverage means that an otherwise Eligible Employee elects not to enroll in a medical plan and is eligible to receive a portion of the cash contribution or other type of remuneration as provided for under a collective bargaining agreement, documented Entity policy, or employment contract.

Examples of Opting out of coverage in a sentence

  • Opting out of coverage if the chapter is paying the bill could be difficult or impossible.

Related to Opting out of coverage