Opt-Out Program for 2016

In 2016, NYSHIP will continue to offer the Opt-Out Program, which 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.  The incentive payments are prorated and added to your bi-weekly paycheck as taxable income.

If you are interested in participating in the Opt-Out Program, you must complete a NYS Health Insurance Transaction Form and an Opt-Out Attestation Form.  These forms may also be obtained in the Human Resources Office.

If you currently participate in the Opt-Out Program for 2015 and wish to continue to receive incentive payments, you must elect to opt out for 2016. 

The deadline for enrolling or re-enrolling in the Opt-Out Program is December 18, 2015.

If you have any questions, please contact Audra Cornelius at (P) 792-7194, audra.cornelius@sunypoly.edu or (F) 792-7801.