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How to make your GIC benefit selections when you retire from state service

Here is how to make your GIC benefit selections when you retire from state service.
Return the completed Employment Status Change Form-1A to your GIC Coordinator before your retirement date to ensure timely billing or your premium and continuity of coverage.

Group Insurance Commission

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The Massachusetts State Retirement Board determines whether you meet eligibility requirements for a state pension. Call or visit your retirement board before you retire to confirm your pension benefits and arrange to receive your monthly pension check. The Board can also tell you when to expect your first check.

Be sure you live in the service area and check whether your doctors and hospitals participate in the plan in which you are enrolling at retirement.

Medicare and Health Benefits: Before you retire, visit Social Security’s website or your local Social Security office to find out if you are eligible for Medicare Part A for free. If you and/or your covered spouse is eligible, sign up for Part A and Part B.  Familiarize yourself with the GIC Medicare plans and rules for enrolling in Medicare by visiting the FAQ section of this website. The GIC will send you an enrollment form and benefit materials after you retire to enroll in a GIC Medicare Plan. 

Life Insurance

If enrolled, carefully evaluate your needs. Rates increase dramatically at retirement and as you age. Review the amount of your optional life insurance coverage to see if it makes economic sense for you to keep it; if you have paid off your major debts (such as your home and education loans), a savings vehicle may be a more appropriate alternative. Keep in mind that if you do not change your Optional Life Insurance election at retirement, you will be responsible for the retiree life insurance premium, which can be substantial. You may cancel, decrease, or maintain your current level of optional life coverage after you retire.

GIC Retiree Dental

Review the benefits of the GIC Retiree Dental Plan and compare the benefits to any COBRA dental coverage options you have.  Frequently, COBRA coverage is more comprehensive than the Retiree Dental Plan.  If you expect to have major dental needs, you may want to select the COBRA dental option.  You can enroll in the GIC Retiree Dental Plan within 60 days of a qualifying status change, such as when COBRA dental ends, or during any GIC Annual Enrollment period.

Arrange for Your Pension

  • Complete the State Board of Retirement’s retirement application and return it to the SRB with any necessary documentation such as birth certificates and a marriage license.
  • If applicable, contact your Deferred Compensation Plan to file any necessary paperwork.

Premium Payments

Start saving so that you have a cushion between your final paycheck and your first pension benefit payment. First pension payments are generally 60-90 days after your retirement date. The first payment is retroactive to the retirement date and benefit payments are issued at the end of each month. Although GIC health insurance premiums will be deducted from your monthly pension, be prepared to pay GIC invoices until the GIC coordinates a deduction from your pension.  The GIC will bill you directly for the retiree share of premium until your GIC deductions begin. It’s important to pay this monthly bill by the due date to avoid termination of coverage.

How to enroll How to make your GIC benefit selections when you retire from state service

Return completed Employment Status Change Form-1A, required documents and Form-RS  if enrolling in health coverage at retirement, to your GIC Coordinator before you retire and mail the completed Retiree Dental form to:

GIC
PO Box 8747
Boston, MA  02114

More info about How to make your GIC benefit selections when you retire from state service

Keep in mind that once you choose a health plan, you may not change plans until the next annual enrollment, even if your doctor or hospital leaves the plan during the year, unless you become eligible for Medicare, in which case you MUST enroll in a GIC Medicare plan.

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Contact for How to make your GIC benefit selections when you retire from state service

Address
Street Address
19 Staniford St, Boston, MA 02114
Mailing Address
P.O. Box 8747, Boston, MA 02114
Online
Fax
Operations (617) 227-2681
Executive (617) 227-5181
Fiscal (617) 367-9874

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