Opt out of company medical
I just started the first job where I have part of my extended benefits deducted from my pay. (Past jobs have had no benefits or have been 100% employer paid.) I am shocked to learn how much they cost. It is my opinion that I am not getting sufficient value for money, so I would like to opt out. The only way to opt out, according to the form (from Great West Life) is: "Health and/or dental coverage can only be refused if you and/or your dependants are covered by duplicate group benefits through your spouse's employer."
My spouse is self-employed, currently as a sole-proprietor. Therefore she does not have an employer. She could incorporate and she could become an employee of the corporation. If for some reason it is a problem being an employee-shareholder, we could put me as the sole shareholder. Anyway, the idea is the corporation would provide "duplicate group benefits" to my wife, and then I could opt out.
Does anybody know the exact definition used by Great West Life as to what qualifies as "duplicate group benefits?"
My spouse is self-employed, currently as a sole-proprietor. Therefore she does not have an employer. She could incorporate and she could become an employee of the corporation. If for some reason it is a problem being an employee-shareholder, we could put me as the sole shareholder. Anyway, the idea is the corporation would provide "duplicate group benefits" to my wife, and then I could opt out.
Does anybody know the exact definition used by Great West Life as to what qualifies as "duplicate group benefits?"