Is it possible to set up the option to Waive Basic Life Insurance or LTD coverage for an employee?
Summary: We would like to know if it's possible to set up the option to Waive Basic Life Insurance or LTD coverage for an employee. The option would be utilized by an administrator in the rare instance that we need to waive coverage for an employee so that they do not have any deductions, imputed income, etc. Both benefits in question are company provided.
Content (required): Currently have one employee who has waived Basic Life coverage. We enrolled them in our 'Basic Life 50,000' benefit and entered an Override so that they have 0 coverage and $0 rates.
Version (include the version you are using, if applicable): 23A