GIC Retired Municipal Teacher (RMT) Rates - Medicare

Learn about monthly GIC Medicare plan rates. Learn how to calculate your monthly premium.

Calculate your monthly premium:  

  1. Find the city, town or school district which you retired from 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. This will determine your monthly health and life insurance premium.

Medicare plans

 

Retired Municipal Teachers (RMTs)

RMTs who retired On or Before July 1, 1990 and Survivors1

RMTs who retired After July 1, 1990

 

 

10%

15%

HEALTH PLAN

PLAN TYPE

Per Person Coverage

RMT/Survivors Pays Monthly

Per Person Coverage

RMT Pays Monthly

Fallon Senior Plan

HMO

$33.50

$50.25

Harvard Pilgrim Medicare Enhance

Indemnity

42.16

63.24

Health New England MedPlus

HMO

39.35

59.02

Tufts Health Plan Medicare Complement

HMO

38.09

57.14

Tufts Health Plan Medicare Preferred

HMO

30.00

45.00

UniCare State Indemnity Plan/ Medicare Extension (OME) with CIC(comprehensive)

Indemnity

43.26

60.74

UniCare State Indemnity Plan/ Medicare Extension (OME) without CIC (non-comprehensive)

Indemnity

32.95

50.43

Notes:  

  1. Survivors are not eligible for basic life insurance. Do not add the basic life insurance premium to calculate your monthly premium.
  2. Benefits and rates of Fallon Senior Plan and Tufts Health Plan Medicare Preferred are subject to federal approval and changed on January 1, 2018.
  3. CIC is an enrollee-pay-all benefit.
  4. The RMT share of the rate for these plans has been subsidized for FY18 using funds from the GIC UniCare Rate Stabilization Reserve.

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