NYSHIP will offer the Opt-Out Program to CSEA, NYSCOPBA, PEF, PBANYS, and M/C employees effective January 1, 2013. This program allows eligible employees who have other employer-sponsored group health insurance to opt out of their NYSHIP coverage in exchange for an incentive payment. The annual incentive payment is $1,000 for opting out of individual coverage or $3,000 for opting out of family coverage.

If you are currently enrolled in NYSHIP and wish to participate in the Opt-Out Program, you must elect to opt out during the annual Option Transfer Period and attest to having other employer-sponsored group health insurance. You must complete and return the NYS Health Insurance Transaction form and the 2013 Opt-Out Attestation form to Cleveland Hall 410 by Monday, December 31. If you enroll in the program and you are