2015 Pre-Tax Contribution Program (PTCP)

2015 Pre-Tax Contribution Program (PTCP)

Under the Pre-Tax Contribution Program (PTCP), your share of the health insurance premium is deducted from your wages before taxes are withheld, which may lower your taxes.

New enrollees must elect whether or not to participate in PTCP when enrolling for NYSHIP coverage. No election will be made automatically on the enrollee's behalf. Enrollees who are not timely when requesting enrollment in NYSHIP (if the request is after the initial 42- or 56-day waiting period, or more than 30 days from a qualifying event), will be subject to late enrollment and will not be able to enroll in PTCP until the next Option Transfer Period. Your paycheck shows whether or not you are enrolled in PTCP.

If you wish to change your PTCP selection for 2015, file a completed NYS Health Insurance Transaction Form in your campus Benefits Office by November 30, 2014.


Under Internal Revenue Service (IRS) rules, if you are enrolled in PTCP, you may change your health insurance deduction during the tax year only after one of the following PTCP-qualifying events:

Changes to coverage due to these status changes must be requested within 30 days of the event (or within the waiting period if newly eligible), and delays may be expensive.

In November, NYSHIP enrollees in PTCP can make the following changes to their PTCP election/premium for the next plan year:

During each Option Transfer Period, there are changes in coverage premium under NYSHIP. These changes are considered to be PTCP-qualifying events. Therefore, the same coverage changes permitted in November under IRS PTCP rules are also permitted during the Option Transfer Period.