If you would be charged for the insurance, then you can opt out of accepting the insurance. I am one of the only young people in the firm, and I don't want to be forced to pay a higher premium for reduced coverage. When you turn 65, you become eligible for Medicare. However, no law stops an employer from requiring employees to accept group health care coverage, even if the employee must pay the entire premium. However effective January 1, 2020, you will be eligible for Preventive Dental. You are only eligible to Opt-Out if you are already covered by an employer-sponsored group health insurance that is not NYSHIP. Employees may purchase cheaper private insurance policies with less-comprehensive coverage, or they may be eligible for a more affordable health insurance policy through a spouse's employer-sponsored group plan. For more information on this earlier guidance, see our Health Care Reform alert. In both circumstances, the employee will be required to provide evidence they are covered under a comparable plan – either their dependent’s plan or a private care plan. They can force the insurance on you only if they make it free to you. This is to avoid any employer involvement in the decision to opt out, which could lead to a breach of the law. Can your employer cancel your health insurance, or provide you with a premium reimbursement and send you to HealthCare.gov or a state-based exchange? In fact, the employer must report the opt-out payment as part of the employee’s cost on Form 1095-C, Employer-Provided Health Insurance Offer and Coverage. Know your carrier’s participation requirements. If you work at a large employer plan, your employer cannot treat you differently than younger employees. They also dropped vision and dental. As an alternative, perhaps you can show a line item on their paycheck called "Health Insurance Opt-out" that pays them the opt-out amount. Some employees opt out of employer-sponsored health insurance policies because they can get a better deal on medical coverage from another source. Health insurance can be expensive. Consumers who find a better deal may be tempted to cancel existing coverage in favor of saving money in the long run. With a union agreement or employment contract that requires you to participate in your employer’s group health insurance plan, you may also be required to pay part of the premium. The key is to understand why an employee would choose to opt out because then employers can select better plans that work for both them and their employees. You can also learn about your options if you have an employer’s high premium or high deductible group health plan . I quoted the most comprehensive plan I could find for me as an individual (including vision/dental), and it's $200 less a month. I signed up for my employer-provided health insurance last October after carefully reading all the changes. 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