- Group Insurance Commission
The GIC's 2023 Fall Health Insurance Buy-Out Program will take place from October 2nd through October 27th. Applications will be available starting Monday, October 2nd.
General Information
Under the Buy-Out program, 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 each member's health plan and coverage.
Eligibility
Employees insured with GIC health insurance on July 1st of this year or before, and who continue their health coverage through December 31 of this year may apply to buy out their health plan coverage effective January 1 of next year. Please note that municipalities are not eligible for this buyout program.
How to Enroll
GIC members now have access to MyGICLink, GIC's new Member Benefits Portal. State employees and state retirees are encouraged to make their Health Insurance Buy-Out enrollment changes directly through MyGICLink. Members also have the option of submitting changes using GIC Online Forms or GIC Print Forms. All applications must be submitted by Friday, October 27th.
If you would like more information about GIC's Health Insurance Buy-Out Program, please visit the GIC Health Insurance Buy-Out Program page.
