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Healthfirst Insurance Company, Inc.Small Group Waiver of Coverage Application Mailing Address: Healthfirst Insurance Company, Inc., P.O. Box 1566, New York, NY 100081516 Broker Services: 18554563668
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Small group waiver of is needed by individuals or groups who wish to be exempt from certain requirements or regulations that apply to larger groups.
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A small group waiver is a request made by employers for exemption from certain insurance or employee benefit requirements under applicable laws, often to manage costs or comply with different regulatory standards.
Typically, small employers, defined as those with a limited number of employees, who wish to obtain a waiver from certain health insurance regulations or requirements are required to file a small group waiver.
To fill out a small group waiver, an employer must gather necessary employee data, complete the designated waiver form, ensure accurate information is provided, and submit it to the appropriate regulatory body or insurance provider.
The purpose of a small group waiver is to provide small employers the flexibility to bypass certain regulatory compliance standards, primarily aimed at reducing administrative burdens and potentially lowering insurance costs.
Information typically required includes employer details, employee counts, insurance coverage type, financial statements, and any prior waivers or exemptions that have been granted.
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