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Benefits News and Updates

COMING SOON! 2019 NYSHIP Option Transfer Period

The 2019 Option Transfer Period runs through DATE.  The Option Transfer Period is here – the time to choose the health insurance option you want for 2019. The New York State Health Insurance Program (NYSHIP) offers you the choice of The Empire Plan or a NYSHIP-approved Health Maintenance Organization (HMO) serving the area where you live or work. Eligible employees* may also be able to opt out of coverage for the 2019 plan year for an incentive payment if eligible. Except under very defined circumstances, you cannot change plans outside of the annual Option Transfer Period, which ends DATE.

*Due to the recently ratified collective bargaining agreement between NYS and UUP, UUP-represented employees are not eligible to participate in the opt-out program effective with the 2019 plan year. 

To change your health insurance option during the Option Transfer Period, return the completed and signed NYS Health Insurance Transaction form (PS404) to Human Resources, Doty Hall 318 by DATE. Or, you can change your option online using MyNYSHIP. Go to www.cs.ny.gov/employee-benefits, select your group and plan, if prompted, and then click on MyNYSHIP Employee Self-Service. You may also go directly to www.cs.ny.gov/mynyshipNote: If you are a new user of MyNYSHIP, you must register and receive an activation code by mail to use MyNYSHIP.

No action is required if you wish to keep your current health insurance option and still qualify for that plan. 

If you are an eligible employee currently participating in the NYSHIP Opt-out Program for the plan year 2018 and wish to continue this program for the plan year 2019, you MUST submit a new NYS Health Insurance Transaction form (PS404), a new NYS Opt-out Program Attestation form (PS409), and a copy of your current employer-sponsored health insurance card. If new forms are not submitted, the New York State Employee Benefits Division will automatically terminate this benefit.

2019 NYSHIP Choices & Rates

Health Insurance Choices for 2019 (CSEA, UUP)
This booklet explains the options available to you under NYSHIP. It is an invaluable tool to assist you in making the right health plan choice for you and any dependents. 

2019 Health Insurance Choices Supplement for CSEA & UUP
This flyer is a companion document to the Health Insurance Choices for 2019. It explains your benefits as a NYSHIP enrollee in a negotiating unit that has an agreement with NYS effective January 1, 2019.

Health Insurance Choices for 2019 (M/C, PBANYS, NYSCOPBA, PEF)
This booklet explains the options available to you under NYSHIP. It is an invaluable tool to assist you in making the right health plan choice for you and any dependents. 

NYSHIP Rates & Deadlines for 2019
This booklet includes the rates as of DATE, and will assist in navigating the Choices booklet.

Geneseo 2019 Local Health Insurance Plan Rates
Deductions per paycheck - Local rates document for Empire and HMOs in our Service Area.

Summary of Benefits and Coverage - NYS Department of Civil Service website which provides printable, more detailed information than the CHOICES booklet for each health plan. Use the link provided to obtain these documents or obtain them by calling Civil Service/NYSHIP at 1-877-769-7447.

Healthcare Programs - SUNY Geneseo's Human Resources & Payroll Services Benefits website.

Key Dates

DATE
Deadline for submitting a signed Health Insurance Transaction form (PS404), required enrollment documentation, and any other enrollment forms to Human Resources & Payroll Services in Doty Hall 318. 

DATE
New health insurance options begin for the plan year 2019. 

DATE
The earliest paycheck in which a deduction change will be made is the check of DATE. Based on payroll deadlines, deduction changes related to an option-change request may be made in a future paycheck and will include adjustments retroactive to the beginning of the plan year.

Forms
NYS Health Insurance Transaction form (PS404) 
NYS Opt-out Program Attestation form (PS409)

Opt-out Program

NYSHIP Opt-out Program Information 2019
Planning for Option Transfer Period Booklet 2019
See opt-out program information and FAQs starting on page 3.

Pre-Tax Contribution  Program (PTCP) for Enrollees in the New York State Health Insurance Program (NYSHIP)

Pre-Tax Contribution Program (PTCP) Election Period - November 1 - November 30

The Pre-Tax Contribution Program (PTCP) is a voluntary program that employees can choose to participate in when they are first eligible (new hires) for health insurance benefits. Employees may also elect to participate or decline participation in PTCP each year during the PTCP Election Period from November 1, 2018, to November 30, 2018, for the 2019 plan year.

If You Choose to Participate in PTCP (Before Tax)

Under PTCP, your health insurance premium is deducted from your paycheck before taxes are withheld, which may lower your tax liability. In exchange for this reduction in your tax liability, you agree to maintain the same pre-tax health insurance deduction for the entire plan year, unless you experience a qualifying event that would allow you to make a change or cancel your coverage and provide timely notification (within 30 days) of the event. 

If You Choose Not to Participate in PTCP (After Tax)

If you decline participation in PTCP, your health insurance premium will be deducted from your paycheck after taxes are withheld. Enrollees who do not participate in PTCP may have greater flexibility to make changes to their NYSHIP coverage during the year, as long as those changes are consistent with NYSHIP rules. 

NO ACTION IS REQUIRED TO KEEP YOUR CURRENT PCTP STATUS

How can I find out my PTCP status?

Your paycheck shows whether or not you are enrolled in PTCP.

  • If you are enrolled in PTCP, your paycheck stub shows "Regular Before-Tax Health" in the Before-Tax Deductions section. Your health insurance is premium is deducted from your wages before taxes are withheld. 
  • If you are not enrolled in PTCP, or part of your deduction is being taken after tax (e.g., for a non-federally qualifying dependent), your paycheck stub shows "Regular After-Tax Health" in the After-Tax Deductions section. Your health insurance premium is deducted from your wages after taxes are withheld. 

Changing your PTCP Status

If you wish to change your PTCP selection for 2019, complete the NYS Health Insurance Transaction Form (PS-404)  and submit it to Human Resources & Payroll Services in Doty Hall 316 by close of business on November 30, 2018. Complete Nos. 1-9, in No. 14 choose your tax status, then sign and date. **Completed forms received in Human Resources & Payroll Services by the deadline will be effective for the next plan year effective January 1, 2019.**  

If you are already enrolled in PTCP, you can make the following changes in November*:

  • Change your PTCP election
  • Change from Family to Individual coverage, while your dependents are still eligible when there is no qualifying event
  • Change from Individual to Family coverage without a qualifying event (late enrollment provisions will apply)
  • Voluntarily cancel your coverage, while you are still eligible for coverage when there is no qualifying event.

*Requests made in November during the PCTP Election Period are effective beginning with the next plan year 2019.

Upcoming Important Program Dates
Pre-Tax Contribution Fact Sheet 
Pre-Tax Contribution Chart

Productivity Enhancement Program (PEP) for 2019 -- UUP, MC(13)

The Productivity Enhancement Program (PEP) for 2019 allows eligible employees to exchange previously accrued annual leave (vacation) for a credit to be applied toward their employee share NYSHIP premiums on a bi-weekly basis. The enrollment period for the 2019 PEP program runs from Monday, October 15, 2018, through Friday, November 16, 2018. 

Eligible full-time employees with an annual salary of $68,192 and below will forfeit either 3 days of annual leave or 6 days of annual leave at the time of enrollment, in return for a credit of up to $600 or $1200, respectively to be applied toward the employee share of NYSHIP premiums.

Eligible full-time employees earning more than $68,192 and below $97,448 whose salary is within this range at the time of enrollment will forfeit either 2 days of annual leave or 4 days of annual leave at the time of enrollment, in return for a credit of up to $600 or $1200, respectively, to be applied toward the employee share of NYSHIP premiums. 

Eligible employees must have a sufficient annual leave balance to make the full leave forfeiture without bringing their annual leave balance below 8 days.

UUP & MC(13) PEP Program Overview
UUP & MC(13) PEP Program Enrollment form for Plan Year 2019

Productivity Enhancement Program (PEP) for 2019 -- CSEA, PEF, & MC(06)

The Productivity Enhancement Program (PEP) for 2019 allows eligible CSEA-represented, PEF-represented employees, and M/C classified employees to exchange previously accrued annual leave (vacation) and/or personal leave in return for a credit to be applied toward their employee share of NYSHIP premiums on a bi-weekly basis. The enrollment for the 2019 PEP program begins on Monday, October 15, 2018, and ends close of business on Friday, November 16, 2018. 

Eligible CSEA employees who enroll in the program may elect to forfeit a total of either 3 days or 6 days of annual and/or personal leave in return for a credit of up to either $23.08 ($600 divided by 26 paychecks) or $46.15 ($1200 divided by 26 paychecks) respectively for the 2019 program year. The full leave forfeiture will be deducted from participant's leave balances at the time of enrollment. 

Eligible PEF employees and M/C employees who enroll in the program may elect to forfeit a total of either 3 days or 6 days of annual and/or personal leave in return for a credit of up to either $19.23 ($500 divided by 26 paychecks) or $38.46 ($1000 divided by 26 paychecks) respectively for the 2019 program year.   The full leave forfeiture will be deducted from participant's leave balances at the time of enrollment. 

Eligible employees must have a minimum combined balance of annual and personal leave of at least 8 days after making the forfeiture. 

​​​​​​PEP Program Overview
PEP Program Enrollment form for Plan Year 2019

Paid Family Leave for Unclassified Employees

The 2016-2022 agreement between UUP and NYS provides for the availability of the Paid Family Leave (PFL) program to UUP-represented employees. Additionally, on September 13, 2018, the SUNY Board of Trustees approved a resolution for PFL to be available to unclassified Management/Confidential (MC13) employees. Therefore, effective January 1, 2019, PFL will become available to MC13 and UUP-represented employees who meet the eligibility criteria. 

PFL provides job-protected, paid leave for eligible employees to bond with a new child, care for a loved one with a serious health condition, and assists with relieving family pressures when a loved one is called to active military service abroad.

The program is funded through contributions taken as payroll deductions. The 2019 contribution is 0.153% of gross wages each pay period, up to and not to exceed an annual maximum employee contribution of $107.97. For SUNY MC and UUP-represented employees, payroll deductions will be biweekly and begin no sooner than January 1, 2019.

For 2019, employees who are on the payroll and have met eligibility requirements will be able to use ten weeks of Paid Family Leave benefits, and will receive 55% of their average weekly wage, capped at 55% of the statewide average weekly wage.

For more information about Paid Family Leave, please visit https://www.ny.gov/paidfamilyleave.

NYS Flex Spending Account - Open Enrollment 2019

Enrollment begins October 9, 2018, and ends November 9, 2018, for the 2019 plan year.

**10/11/18 - UPDATE ON NYS FLEX SPENDING ENROLLMENT 2019**
The Flex Spending Account website is temporarily offline due to Hurricane Michael. However, employees who wish to enroll for 2019 can access the online enrollment system directly using the link below. For NYS Flex Spending 2019 Plan Information, see link to the 2019 Enrollment book below. 

NYS Flex Spending Program 2019 -- Enroll
NYS Flex Spending Enrollment Information Book
****************************************************************
The Flex Spending Account (FSA) is a negotiated program that helps eligible state employees save money on their taxes. The program offers two benefits  - the Health Care Spending Account (HCSAccount) and the Dependent Care Advantage Account (DCAAccount) - that give you a way to pay for either your health care or dependent care expenses with pre-tax dollars. 

Because of the tax advantages of the FSA, the Internal Revenue Service (IRS) has strict guidelines for its use. One of these guidelines is commonly known as the "use it or lose it" rule. Put simply, if you contribute pre-tax dollars into your DCAAccount or HCSAccount and then do not have enough eligible expenses during the plan year to equal the amount you contributed, you will lose the balance remaining in your account when the plan year ends.

  • The Health Care Spending Account (HCSAccount) currently lets you set aside any amount from $100 up to $2,650 for the 2019 tax year to pay for health care expenses that are not reimbursed by your health insurance or other benefit plan. However, only medically necessary medical, hospital, dental, vision, hearing, and prescription drug expenses for you, your spouse, and your eligible dependents can be reimbursed by your HCSAccount. The maximum contribution may be subject to change annually since it is indexed to inflation.
  • The Dependent Care Advantage Account (DCAAccount)  allows your family to set aside up to $5,000 in pre-tax salary for eligible custodial child care, elder care, or disabled dependent care expenses that are necessary for you and your spouse, if you are married, to work.

    DCAAccount Employer Contribution - The DCAAccount Employer Contribution will continue in 2019 for unions that participate in the program and have ratified contracts with the State. The following employees are currently eligible for the Employer Contribution:
    • Employees who are M/C or represented by CSEA, PEF, UUP, and GSEU.
    • The Employer Contribution may be available to state employees in other bargaining units for the 2019 plan year pending conclusion of negotiations and ratified contracts. Based on salary, the Employer Contribution may provide up to $800 for eligible employees who enroll in the DCAAccount. For Employer Contribution updates, please visit the FSA website at www.flexspend.ny.gov or call 1-800-358-7202. 

The 2019 Plan Year Employer Contribution Rates are:

 If Your Salary Is...

Under $30,000

$30,001 - $40,000

$40,001 - $50,000

$50,001 - $60,000

$60,001 - $70,000

Over $70,000

GSEU Employees only (regardless of salary

 The Employer Contribution is...

$800

$700

$600

$500

$400

$300

$600

NYS Flex Spending Program Information & Enrollment Instructions:
NYS Flex Spending 2019 Information & Overview:  Click Here!
2019 Open Enrollment Calendar:  Click Here!
NYS Flex Spending FAQs: Click Here!
How to Enroll: Click Here!
Printable Fliers: Click Here!

Coming September 4, 2018 - Roth option available in the SUNY 403(b) Voluntary Savings Plan

A new Roth option within the 403(b) Voluntary Savings Plan will give you the opportunity for a payroll deduction on an after-tax basis with the potential to withdraw earnings on a tax-free basis in retirement. Plan Highlights: 

  • Money invested in the Roth option is taxed when it is deducted from your paycheck.
  • You will be allowed to split your 403(b) contributions between the after-tax (Roth) and pre-tax (traditional) options, although the combination of any such contributions cannot exceed the maximum allowed by the IRS. For 2018, this total annual limit is $18,500, plus an additional $6,000 if you are age 50 or over. 
  • Earnings are income tax-free upon qualified distribution, which you can receive once you are separated from service, are at least age 59 1/2, and it has been at least five taxable years since the initial Roth deposit. 
  • Roth investments can also be made by transferring all or a portion of your traditional pre-tax Voluntary 403(b) contributions, as an "in-plan conversion." Please note the amount of money converted to the Roth 403(b) will be considered taxable income in the year converted, and is an irrevocable transfer. 
  • The same investment options are available for both the traditional (pre-tax) and the Roth (after-tax) account balances under the 403(b) Voluntary Savings Plan.
  • Please note: Loans are not permitted from the Roth 403(b)

SUNY Investment Providers
Roth 403(b) Informational Flier
Comparison Chart between SUNY 403(b) Plans and NYS Deferred Compensation 457 Plan

More information will be available in the near future on the SUNY Benefits website at www.SUNY.edu/Benefits

2018 Special Deductions for Summer Health Plan Coverage for 20 Pay and 21 Pay Enrollees

Employees who receive their salary in 20 or 21 paychecks must have extra health insurance deductions taken to cover the summer months prior to their removal from the payroll. In addition to your regular deduction for the following paycheck dates, The New York State Health Insurance Program (NYSHIP) will take all summer deductions before the employee goes off the payroll. The paychecks impacted by the special deductions are as follows:

PAYCHECK DATES EXTRA DEDUCTIONS TAKEN:
May 2, 2018 2 extra deductions for 06/13/18 & 06/27/18
May 16, 2018 2 extra deductions for 07/11/18 & 07/25/18
May 30, 2018 2 extra deductions for 08/08/18 & 08/22/18

In summary, in addition to your regular deduction on regular paycheck dates, you will also have 2 additional health insurance premium deductions taken from this paycheck to cover for summer months of health coverage. 

2018 SUNY Voluntary Savings Plan Notice & Maximum Contribution Limits

SUNY provides employees with the opportunity to save for their retirement through the SUNY Voluntary 403(b) Tax-Deferred Annuity Program and the NYS Deferred Compensation Plan. Participating in a tax-deferred voluntary savings plan is a great way to build your retirement savings and reduce current taxes. These programs allow employees to have money deducted from their paychecks on a pre-tax basis to help supplement their post-retirement income from social security, employer-sponsored pension plans, and personal savings. For full plan details and 2018 maximum contribution limits, visit SUNY Voluntary Savings Plans.

Key Notes for Current Plan Plan Participants who wish to exceed the 2018 Maximum Contribution Limits:

  • To change the amount you are now contributing, please complete a new Salary Reduction Agreement form and return it Human Resources & Payroll Services, Doty Hall 318 by December 15, 2017.

NOTE: By January 1, 2018, Salary Reduction Agreement forms will be replaced by the Retirement@Work system; paper forms will no longer be accepted. For details on how to enroll in a Voluntary Savings Plan or make changes to your existing plan, please visit New & Current Employee - SUNY Voluntary Savings Program.

  •  Employees who wish to exceed the $18,500 limit must complete a new salary reduction agreement form for 2018. If Payroll Services does not receive a new form, your deferral limit will be returned to $18,500 for 2018.

For assistance with your salary reduction agreement, send an email to payroll@geneseo.edu or contact Kim Truax, Payroll Coordinator, at (585) 245-5616.

2018 NYSHIP Option Transfer Period

The 2018 Option Transfer Period runs through December 15, 2017.  The Option Transfer Period is here – the time to choose the health insurance option you want for 2018. The New York State Health Insurance Program (NYSHIP) offers you the choice of The Empire Plan or a NYSHIP-approved Health Maintenance Organization (HMO) serving the area where you live or work. You may also be able to opt out of coverage for the 2018 plan year for an incentive payment if eligible. Except under very defined circumstances, you cannot change plans outside of the annual Option Transfer Period, which ends December 15, 2017.

To change your health insurance option during the Option Transfer Period, return the completed and signed NYS Health Insurance Transaction form (PS404) to Human Resources, Doty Hall 318 by December 15, 2017. Or, you can change your option online using MyNYSHIP. Go to www.cs.ny.gov/employee-benefits, select your group and plan, if prompted, and then click on MyNYSHIP Employee Self-Service. You may also go directly to www.cs.ny.gov/mynyshipNote: If you are a new user of MyNYSHIP, you must register and receive an activation code by mail to use MyNYSHIP.

No action is required if you wish to keep your current health insurance option and still qualify for that plan. 

If you are currently participating in the NYSHIP Opt-out Program for the plan year 2017 and wish to continue this program for the plan year 2018, you MUST submit a new NYS Health Insurance Transaction form (PS404), a new NYS Opt-out Program Attestation form (PS409), and a copy of your current employer-sponsored health insurance card. If new forms are not submitted, the New York State Employee Benefits Division will automatically terminate this benefit.

2018 NYSHIP Choices & Rates

Health Insurance Choices for 2018
This booklet explains the options available to you under NYSHIP. It is an invaluable tool to assist you in making the right health plan choice for you and any dependents. 

NYSHIP Rates & Deadlines for 2018 
This booklet includes the rates as of December 28, 2017, and will assist in navigating the Choices booklet.

Geneseo 2018 Local Health Insurance Plan Rates
Deductions per paycheck - Local rates document for Empire and HMOs in our Service Area.

Summary of Benefits and Coverage - NYS Department of Civil Service website which provides printable, more detailed information than the CHOICES booklet for each health plan. Use the link provided to obtain these documents or obtain them by calling Civil Service/NYSHIP at 1-877-769-7447.

Healthcare Programs - SUNY Geneseo's Human Resources & Payroll Services Benefits website.

Key Dates

DECEMBER 15, 2017
Deadline for submitting a signed Health Insurance Transaction form (PS404), required enrollment documentation, and any other enrollment forms to Human Resources & Payroll Services in Doty Hall 318. 

DECEMBER 28, 2017
New health insurance options begin for the plan year 2018. 

DECEMBER 27, 2017
The earliest paycheck in which a deduction change will be made is the check of December 27, 2017. Based on payroll deadlines, deduction changes related to an option-change request may be made in a future paycheck and will include adjustments retroactive to the beginning of the plan year.

Forms
NYS Health Insurance Transaction form (PS404) 
NYS Opt-out Program Attestation form (PS409)

Opt-out Program

NYSHIP Opt-out Program Information 2018 
Planning for Option Transfer Period Booklet
See opt-out program information and FAQs starting on page 3. 

Retirement@Work to "Go Live" November 3, 2017

SUNY is launching a new retirement enrollment and management system called Retirement at Work effective November 3, 2017. With this new system, new and current employees will experience improved services through an easy-to-navigate online system. Current participants in the SUNY ORP should have received a letter in September 2017 informing them of these exciting changes. To view a copy of this letter, CLICK HERE.

Retirement at Work services includes a new Retirement Plan Election system that will automate the collection of the new hire Retirement Plan Election form and previous retirement history information. This new system will also include an Online Salary Deferral Agreement form that automates the collection of employee salary deferral and investment provider elections.

New and current employees will:

  1. Have access to a central place to learn about your retirement plan benefits and investment providers;
  2. Quickly and easily elect and manage your salary deferral elections online for the Voluntary Savings Program, also called the Tax-Deferred Annuity (TDA);
  3. Designate investment providers for both the Optional Retirement Program (ORP) and Tax-Deferred Annuity; and
  4. Link to the online enrollment site for each approved investment provider to complete the enrollment process for the ORP and TDA.

Prior to the go-live date of November 3 for Retirement at Work, there are 2 important dates to remember: 

When What Impact
October 25, 2017-November 3, 2017 Salary Deferral Freeze During this period, you will not be able to start, stop or change salary deferrals or change your investment providers. 
November 3, 2017 Retirement at Work Live Retirement at Work goes live. You will start making deferral and allocation changes through Retirement at Work. 

PLEASE NOTE: the paper Salary Reduction Agreement (SRA) form will no longer be accepted after October 20, 2017.

When Retirement at Work goes live, employees will now make changes to their voluntary savings plan with SUNY (SUNY 403b tax-deferred annuity) online with Retirement at Work. The paper Salary Reduction Agreement form can no longer be accepted by Human Resources & Payroll Services. Additionally, electing a retirement system as a new employee will be electronic enrollment.

Stay tuned for upcoming information and employee guides as we transition to this new retirement system. 

NYSHIP Dependent Eligibility Audit 2016

The employer-sponsored health insurance coverage through NYSHIP is a valuable benefit, but it is also costly to provide. It becomes more costly when NYSHIP is asked to pay health insurance claims for individuals who are not eligible for coverage.

In December 2015, NYSHIP began conducting a Dependent Eligibility Verification Audit, similar to the audit conducted in 2009, to help ensure that every participant who receives benefits is entitled to them.

In November 2015, the Department of Civil Service mailed a letter to all NYSHIP enrollees with family coverage to inform them of the audit, introduce the vendor [Health Management Systems, Inc. (HMS)] that will conduct the audit and provide an overview of what to expect.

In December 2015, HMS mailed an Amnesty letter to all NYSHIP enrollees with family coverage to provide them an opportunity to remove any ineligible dependent(s) without incurring any liability for repayment of claims paid on their behalf. The amnesty period for the 2016 NYSHIP dependent verification audit has now ended.

During the Verification Phase, enrollees will be required to provide documentation of eligibility for coverage under NYSHIP. Due to the size of the NYSHIP population, this will be conducted in multiple phases, as follows:

  • Retirees of NYS: May 2 - June 17, 2016
  • Active Employees of NYS: July 5 - August 19, 2016

Enrollees will receive additional mailings, including a verification letter that will provide instructions regarding required documentation for any covered dependents that they must verify eligibility for, the process to submit this information and the deadline.

It is very important that enrollees respond and provide copies of acceptable proofs of eligibility (such as birth certificates or marriage certificates) in a timely manner during their verification phase. Dependents of enrollees who fail to respond will be removed from coverage retroactively to January 1, 2016. In addition, enrollees may be responsible for repaying all health insurance claims for ineligible dependents as early as the date the dependent became ineligible.

For more information on the verification process, enrollees will be able to access the HMS secure online web portal (www.verifyOS.com) during their verification phase. Please note that the toll-free number for the HMS call center will change with each phase of the project, so enrollees must reference the most recent letter for the correct phone number.

New Law Allowing SUNY Police to Transfer ERS to PFRS

This information affects our University Police employees only.  

State University Police Plan - CLICK HERE

On December 18, 2015, Governor Andrew Cuomo approved Bill S03221, which now includes changes for SUNY police to become members of the NYS Police and Fire Retirement System (PFRS). As a result of this new law, SUNY police hired on or after December 18, 2015 must be offered enrollment in PFRS. Additionally, through December 31, 2015, SUNY police who are currently enrolled as members of the NYS Employees Retirement System (ERS) have the option of irrevocably transferring their ERS membership into PFRS.

For full details of the bill and information, visit:  ERS-PFRS TRANSFER

SUNY police who are currently enrolled in ERS and have determined that it is in their best personal interest to irrevocably transfer their ERS memberships to PFRS may do so by filing a completed and notarized Member Registration and Transfer of Membership in Accordance with Chapter 561 form by email at: sunypoliceregistration@osc.state.ny.us or by fax at: 518.486.4382 by December 31, 2015.

BOTH methods must be followed up with a hardcopy by mail to: NYSLRS - Registrations Unit, 110 State Street, Albany, NY 12244-0001. More detailed filing instructions are posted on the ERS web site at:  http://www.osc.state.ny.us/retire/members/suny_police_transfers.php.

Health Insurance Marketplace for Active Employees

The Health Insurance Marketplace, commonly known as the Health Insurance Exchange, was created under the Patient Protection and Affordable Care Act (Federal Healthcare reform).

What is the Health Insurance Marketplace? The Marketplace is designed to help you find health insurance that meets your needs and fits your budget.  The Marketplace offers “one-stop shopping” to find and compare private health insurance options.  You may also be eligible for a new kind of tax credit that lowers your monthly premium right away.  

Does Employer Health Coverage Affect Eligibility for Premium Savings through the Marketplace? Yes. If you have an offer of health coverage from your employer that meets certain standards, you will not be eligible for a tax credit through the Marketplace and may wish to enroll in your employer’s health plan.  However, you may be eligible for a tax credit that lowers your monthly premium, or a reduction in certain cost – sharing if your employer does not offer coverage to you at all or does not offer coverage that meets certain standards.  If the cost of a plan from your employer that would cover you (and not any other members of your family) is more than 9.5% of your household income for the year, or if the coverage your employer provides does not meet the “minimum value” standard set by the Affordable Care Act, you may be eligible for a tax credit¹.

Note:  Because the State provides very comprehensive benefits and pays a high percentage of the cost of coverage, the vast majority of State employees who are eligible for NYSHIP coverage will not be able to obtain lower cost coverage under the Marketplace. A customer service representative for The Marketplace can be reached at 1-855-355-5777.

More information about the Marketplace can be found at http://www.nystateofhealth.ny.gov or https://www.healthcare.gov.  NYSHIP's General Information Book provides details of the coverage provided to employees.  It can be accessed by clicking here.

¹An employer-sponsored health plan meets the “minimum value standard” if the plan’s share of the total allowed benefit costs covered by the plan is no less than 60% of such costs.