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.
NON - 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 | RMT Pays MonthlyIndividual Coverage | RMT Pays MonthlyFamily Coverage | RMT Pays MonthlyIndividual Coverage | RMT Pays MonthlyFamily Coverage |
Fallon Community Health Plan Direct Care | HMO | $46.94 | $112.66 | $70.41 | $168.99 |
Fallon Community Health Plan Select Care | HMO | 59.05 | 141.72 | 88.58 | 212.58 |
Health New England | HMO | 45.71 | 113.33 | 68.57 | 169.99 |
NHP Care (Neighborhood Health Plan) | HMO | 45.56 | 120.74 | 68.34 | 181.11 |
UniCare State Indemnity Plan/Basic with CIC3, 4 (comprehensive) | Indemnity | 114.66 | 277.53 | 154.78 | 373.85 |
UniCare State Indemnity Plan/Basic without CIC (non-comprehensive)4 | Indemnity | 72.24 | 172.64 | 112.36 | 268.96 |
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.
