Management Carve Outs
Some companies may want to be selective when it comes to deciding which of their employees should receive health insurance. For instance, a company may wish to make health insurance benefits available only to their employees at the managerial level. Placing limits on the number of employees or members that are able to obtain group health insurance is called a “management carve out”. Some common examples of group carve outs are “management only”, “salary vs.
It is the insurance provider’s right to decide whether it allows carve outs or not. The provider may also put certain limitations on which kinds of group carve outs it accepts. The insurance carrier may also require that a carve-out group meets the standard requirements for minimum participation. In addition they may even request full, or 100%, participation of all the qualified members or employees in that carve out group. |
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