The Daily Bulletin Archive

The Opt-Out 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 annual incentive payment is $1,000 for opting out of individual coverage or $3,000 for opting out of family coverage.

If you are currently enrolled in NYSHIP and wish to participate in the 2014 Opt-Out Program, you must elect to opt out during the annual Option Transfer Period and attest to having other employer-sponsored group health insurance. You must complete and return the NYS Health Insurance Transaction Form (PS-404) and the 2014 Opt-Out Attestation Form (PS-409) to Cleveland Hall 410 by Tuesday, December 31.

If you currently participate in the program and wish to participate in the 2014 Opt-Out Program, you must complete a new Health Insurance Transaction Form (PS-404) and a 2014 Opt-Out Attestation Form (PS-409). If you do not make the election by Tuesday, December 31, 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 on an annual basis.

The complete Opt-Out Program description, including eligibility requirements, is available on the Human Resource Management website.

Please call the Employee Benefits Office at ext. 4821 with questions or for additional information.