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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).
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  • Full-time Retirees

    • Retirees eligible for GBP health coverage and the state contribution of 100 percent toward their health premium can use a credit of up to $60 toward dental coverage.
    • You must be eligible for the state contribution toward your GBP health insurance—100 percent for full-time retirees or 50 percent for part-time retirees.
    • You must be able to certify that you have comparable health insurance coverage (e.g., through another employer health plan). Excludes Medicare.

    Part-time Retirees*

    • Retirees eligible for GBP health coverage and the state contribution of 50 percent toward their health premium can use a credit of up to $30 toward dental coverage.
    • You must be eligible for the state contribution toward your GBP health insurance—100 percent for full-time retirees or 50 percent for part-time retirees.
    • You must be able to certify that you have comparable health insurance coverage (e.g., through another employer health plan). Excludes Medicare.

    *Employees who retired and were classified as part-time at any time during the three months prior to their retirement date are considered ‘part-time retirees.

  • 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.