July 2012 NYSHIP Rate Changes

July 2012 NYSHIP Rate Changes


NYSHIP Rates Effective July 1, 2012

Provisions of the 2012-2013 Executive Budget change the way the cost of reimbursing the Medicare Part B premium is shared among NYSHIP participants. This will result in a minor rate change effective July 1, 2012. You may see a change in the amount deducted from your paycheck for NYSHIP coverage.

PLEASE NOTE: This modification will not result in a Special Option Transfer period. During the Annual Option Transfer Period, usually held at the end of the calendar year, you will have the opportunity to review health insurance plan options and rates for 2013. You may change to another NYSHIP option during the Annual Option Transfer Period.