Wexford will spend another season in Division 1B of the Allianz League after going down to Waterford by six points in Innovate Wexford Park on Sunday, March 22.
Waterford 0-22 Wexford 0-16
They still have a quarter-final to look forward to next Sunday against Cork, with a toss to decide home venue.
Wexford lost their way between the 22nd and 31st minutes when they conceded six points without reply, going on to trail by 0-13 to 0-7 at half-time.
The margin was never less than five points thereafter, with Waterford staying comfortably ahead.
Scorers: Jack Guiney 0-6 (5 frees), Diarmuid O'Keeffe 0-3, Ian Byrne 0-3 frees, Liam Og McGovern 0-2, Padraig Foley, Conor McDonald 0-1 each.