Monthly GIC Plan Rates as of July 1, 2015

Download the FY16 Rate Sheet pdf format of 2015RMTratesheet.pdf
 

How to Calculate Your Monthly Premium as of July 1, 2015

  1. Find the city, town or the school district from which you retired on the Life Insurance Rate Chart.

  2. Locate your “RMT Pays Monthly” rate for life insurance.

  3. Add that amount to the “RMT Pays Monthly” rate below for the health plan you are interested in to determine your monthly health and life insurance premium.

MEDICARE PLANS

 

 

Retired Municipal Teachers (RMTs)

 

 

RMTs who retired On or Before July 1, 1990 and Survivors1

RMTs who retired After July 1, 1990

 

 

10%

15%

HEALTH PLAN

PLAN TYPE

Per Person Coverage

RMT/Survivors Pays Monthly

Per Person Coverage

RMT Pays Monthly

Fallon Senior Plan 2HMO$30.09$45.14
Harvard Pilgrim Medicare EnhanceIndemnity39.0758.60
Health New England MedPlusHMO35.9553.93
Tufts Health Plan Medicare ComplementHMO35.2552.88
Tufts Health Plan Medicare Preferred2HMO27.4541.18
UniCare State Indemnity Plan/ Medicare Extension (OME) with CIC (comprehensive) 3, 4Indemnity43.3461.78
UniCare State Indemnity Plan/ Medicare Extension (OME) without CIC (non-comprehensive) 4Indemnity33.1151.55

 

1 Survivors are not eligible for basic life insurance. Do not add the basic life insurance premium to calculate your monthly premium.

2 Benefits and rates of Fallon Senior Plan and Tufts Health Plan Medicare Preferred are subject to federal approval and may change on January 1, 2016.

3 CIC is an enrollee-pay-all benefit.

4 The RMT share of the rate for these plans has been subsidized for FY16 using funds from the GIC UniCare Rate Stabilization Reserve.



This information provided by the Group Insurance Commission .