Cash In Lieu – Cash to Waive Health Coverage?
Considering a Cash In Lieu Program?
Today’s employers are more challenged than ever in finding strategic ways to attract and retain talented employees to staff public services. They’re faced with a plethora of difficult issues, including tight budgets, health care reform, increased employee mobility, and more. One way some public entities have tried to lower costs and create a benefit for employees is by offering a Cash in Lieu (CIL) program for those employees choosing to waive health coverage.
Know the implications
Before implementing a CIL program, employers should understand the implications of doing so.
Our detailed summary of these programs highlights some of the advantages and disadvantages of a Cash In Lieu Program.
Contact your M3 Account Executive with any questions or for more information.
