cash in lieu of benefits

jarcher

In Maine, is there a requirement to equivalate benefits? i.e. if an employee is covered by a spouse, is there a requirement to be paid cash in lieu?

System

I've never heard of any state with a requirement like that. If California doesn't, probably no one does. Your Group health contact person may be able to answer.

Welcome, new forumite.

jarcher

that is the confusing part - our carrier that we have had for years says no
another insurance person providing a quote says yes
thanks for your input

Down_the_Middle

jarcher:
Your "cash in lieu of benefits" issue is more likely an IRS section 125 matter (federal). Adopting such a full blown pay-in-lieu-of program will require you to have a qualified type of plan, plan document, annual elections, etc....... Maybe I misunderstood, but an insur carrier is not normally involved in any type of pay in lieu of program. It's an employer program .