Today's MessagePosted: Thursday, December 15, 2016
Health Insurance Opt-Out Program Enrollment Ends Tomorrow
The enrollment period for the 2017 NYSHIP Opt-Out Program ends tomorrow. 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 2017, you must complete and return the NYS Health Insurance Transaction Form (PDF, 66.2 KB) and the Opt-Out Attestation Form (PDF, 152 KB) to Cleveland Hall 410 by the close of business tomorrow, December 16, along with a copy of your health insurance card.
If you currently participate in the Opt-Out Program, you must re-enroll for 2017. If you do not make the election for 2017, 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 878-4821 with questions or for more information.