Today's Message
Posted: Monday, March 5, 2012Health Insurance Opt-Out Program for PBANYS-Represented Employees
Effective April 1, 2012, NYSHIP will offer the Opt-Out Program to PBANYS-represented employees. This program will allow 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 waiving individual coverage or $3,000 for waiving family coverage.
If you are currently enrolled in NYSHIP and wish to participate in the Opt-Out Program, you must elect to do so during the Special Option Transfer Period March 1 through March 30.
The complete Opt-Out Program description, including eligibility requirements and enrollment forms, is available in Cleveland Hall 410 or on the Human Resource Management website.
Please call Human Resources at ext. 4821 with questions or for more information.
