The document is a form for declining health insurance coverage through a small business employer. It provides instructions for employees to use the form to decline, rather than terminate, coverage. The form collects information about the employee and company. It asks the employee to select a reason for declining coverage, such as being covered by another employer's plan, Medicare/Medicaid, or an individual plan. The employee must sign and date the form, and is informed they may enroll if a qualifying life event occurs before the next open enrollment period.