AnnouncementsPosted: Tuesday, November 24, 2015
2016 Health Insurance Opt-Out Program
NYSHIP will continue to offer the Opt-Out Program in 2016 to CSEA, NYSCOPBA, PEF, PBANYS, UUP, and M/C 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 2016, you must complete and return the NYS Health Insurance Transaction Form (PDF) and the 2016 Opt-Out Attestation Form (PDF) to Cleveland Hall 410 by Friday, December 18, along with a copy of your health insurance card.
If you currently participate in the Opt-Out Program, you must re-enroll for 2016. If you do not make the election for 2016, 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 additional information.
Tuesday, December 8, 2015
Monday, December 14, 2015