Monthly GIC Plan Rates as of July 1, 2013
How to Calculate Your Monthly Premium as of July 1, 2013
Find the city, town or the school district from which you retired on the Life Insurance Rate Chart.
Locate your “RMT Pays Monthly” rate for life insurance.
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 2 | HMO | $27.35 | $41.02 |
| Harvard Pilgrim Medicare Enhance | Indemnity | 39.32 | 58.98 |
| Health New England MedPlus | HMO | 36.17 | 54.25 |
| Tufts Health Plan Medicare Complement | HMO | 38.40 | 57.60 |
| Tufts Health Plan Medicare Preferred2 | HMO | 25.30 | 37.95 |
| UniCare State Indemnity Plan/ Medicare Extension (OME) with CIC (comprehensive) 3, 4 | Indemnity | 42.88 | 60.31 |
| UniCare State Indemnity Plan/ Medicare Extension (OME) without CIC (non-comprehensive) 4 | Indemnity | 32.05 | 49.48 |
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 January 1, 2014.
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.
