- This page, 2024 Fall Health Insurance Buy Out, is offered by
- Group Insurance Commission
2024 Fall Health Insurance Buy Out
Overview of 2024 Fall Health Insurance Buy Out
Under the Buy-Out plan, eligible state employees and state retirees receive 25% of the full-cost monthly premium in lieu of health insurance benefits for one 12-month period of time. Employees in HR/CMS and UMASS agencies will receive the remittance monthly in their paychecks; employees of housing and other authorities and state retirees will receive a monthly check. The amount of payment depends on your health plan and coverage. Learn more