Code of Massachusetts Regulations
805 CMR - GROUP INSURANCE COMMISSION
Title 805 CMR 9.00 - ELIGIBILITY AND PARTICIPATION
Section 9.26 - Health Insurance Buy-out Option

Universal Citation: 805 MA Code of Regs 805.9
Current through Register 1531, September 27, 2024

Insured State Employees and Insured State Retirees may buy out their Commission health coverage during Annual Enrollment or at a time designated by the Commission in the fall if they have other employer sponsored non-state health insurance coverage that is comparable to Commission health coverage and is verified by documentation acceptable to the Commission. Employees must maintain Basic Life Insurance. Eligible Employees and Retirees receive 25% of the full-cost monthly premium in lieu of health insurance benefits for a maximum of one 12-month period starting either July 1st or January 1st. Full cost monthly premium is determined based on the Employee's last Commission health plan and coverage type (individual vs. family), and is subject to applicable taxes.

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