Today's Message
Posted: Tuesday, December 2, 20142015 Health Insurance Opt-Out Program
NYSHIP will continue to offer the Opt-Out Program in 2015 to CSEA, NYSCOPBA, PEF, PBANYS, UUP, and MC employees. This program allows eligible employees who have other employer-sponsored group health insurance to opt out of their NYSHIP coverage in exchange for an incentive payment. The incentive payment is $1,000 for opting out of individual coverage or $3,000 for opting out of family coverage on an annual basis.
If you are enrolled in NYSHIP and wish to participate in the Opt-Out Program for 2015, you must complete and return the NYS Health Insurance Transaction Form (PDF) and the 2015 Opt-Out Attestation Form (PDF) to Cleveland Hall 410 by Wednesday, December 31.
If you currently participate in the Opt-Out Program, you must re-enroll for 2015. If you do not make the election for 2015, your enrollment in the Opt-Out Program will end, and the incentive payment credited to your paycheck will stop. You must elect the Opt-Out Program each year.
The complete Opt-Out Program description, including eligibility requirements and enrollment forms, is available on the Human Resource Management website.
Please call the Employee Benefits Office at ext. 4821 with questions or for additional information.
