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.

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 Monthly

Individual Coverage

RMT Pays Monthly

Family Coverage

RMT Pays Monthly

Individual Coverage

RMT Pays Monthly

Family Coverage

Fallon Health Direct Care

HMO

$48.13

$115.51

$72.19

$173.26

Fallon Health Select Care

HMO

61.29

147.10

91.94

220.66

Health New England

HMO

48.00

119.00

72.00

178.49

NHP Care (Neighborhood Health Plan)

HMO

46.36

122.84

69.53

184.26

UniCare State Indemnity Plan/Basic with CIC3, 4 (comprehensive)

Indemnity

120.09

290.66

161.95

391.15

UniCare State Indemnity Plan/Basic without CIC (non-comprehensive)4

Indemnity

75.72

180.99

117.58

281.48

 

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, 2015.

3 CIC is an enrollee pay-all benefit.

4 The RMT share of the rate for these plans has been subsidized for FY15 using funds from the GIC UniCare Rate Stabilization Reserve.



This information provided by the Group Insurance Commission.