Monthly GIC Plan Rates as of July 1, 2014

Download the FY15 RMT rate chart pdf format of    RMT_rate_sheet_2014.pdf

How to Calculate Your Monthly Premium as of July 1, 2014

  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, 19901

RMTs who retired After July 1, 1990

 

 

10%

15%

HEALTH PLAN

PLAN TYPE

Per Person Coverage

RMT Pays Monthly

Per Person Coverage

RMT Pays Monthly

Fallon Senior Plan 2HMO$28.96$43.44
Harvard Pilgrim Medicare EnhanceIndemnity39.3258.98
Health New England MedPlusHMO36.1754.25
Tufts Health Plan Medicare ComplementHMO34.7052.05
Tufts Health Plan Medicare Preferred2HMO26.5539.83
UniCare State Indemnity Plan/ Medicare Extension (OME) with CIC (comprehensive) 3, 4Indemnity42.9660.03
UniCare State Indemnity Plan/ Medicare Extension (OME) without CIC (non-comprehensive) 4Indemnity32.1349.20

 

1 RMTs from Peabody who retired on or before July 1, 1990 - call the GIC for monthly rates.

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, 2015.

3 CIC is an enrollee pay-all benefit.

4 The RMT share of the rate for these plans has been subsidized for FY14 using funds from the GIC UniCare Rate Stabilization Reserve.



This information provided by the Group Insurance Commission.