Opt Out Credit

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Health Insurance Opt-Out Credit

The Health Insurance Opt-Out Credit is designed for employees and retirees who don’t need the State’s health insurance because they are enrolled in other health insurance that is as good as or better than what the State provides. The credit can apply toward:

dental premiums and/or

Voluntary Accidental Death and Dismemberment (AD&D) premiums (not available to retirees).

Calculate Rates
Opt-Out Credit

Full-time Employees

Up to a $60 credit toward dental and/or Voluntary AD&D

You must be eligible for the state contribution toward your GBP health insurance— 100 percent for full-time employees

You must be able to certify that you have comparable health insurance coverage (e.g., through another employer health plan). Excludes Medicare.

Part-time Employees

Up to a $30 credit toward dental and/or Voluntary AD&D

You must be eligible for the state contribution toward your GBP health insurance— 50 percent for part-time employees

You must be able to certify that you have comparable health insurance coverage (e.g., through another employer health plan). Excludes Medicare.

Waiving Health Insurance

Keep in mind that your drug benefits are a part of your health benefit. If you opt-out of your health plan, you are also giving up your prescription coverage. By waiving coverage, you no longer have the Basic Term Life coverage that is under part of your health benefit.

You cannot participate in the Health Insurance Opt-Out Credit if you are not eligible for the state contribution toward your health insurance premium, such as a COBRA participant, surviving family member, or an adjunct faculty member. Members who have TRICARE can receive the credit due to a change in federal legislation.
If later you choose to enroll HealthSelect, you will be required to pass evidence of insurability requirements (proof of good health), or provide proof of other health coverage.