Please note that the Group Insurance Commission’s Fall 2019 health insurance buyout enrollment period will run October 2nd through November 1st. Under the buy-out plan, eligible state employees receive 25% of the full-cost monthly premium in lieu of health insurance benefits for one 12-month period, and receive a monthly check. The amount of payment depends on your health plan and coverage.
Eligibility for Buy-Out
Employees insured with GIC health insurance on July 1, 2019 or before, and continue their coverage through December 31, 2019 may apply to buy out their health plan coverage effective January 1, 2020.
Interested employees should review the GIC’s website to access more information and the Health Insurance Buy Out Election Form.
All buy out election forms are due by Friday, November 1st. Please contact Joanna Nandi if you are interested in participating or have any questions.