Members of non-city group health plans can opt out of their city health insurance and save as much as $3000.
If you have health insurance through a non-city group health plan, you can opt out of your city health insurance. Savings can amount to as much as $3,000 a year, but you must act soon – before the end of the FSA 2016 open enrollment period, which closes on October 30, 2015.
The Buy-Out Waiver program has been amended to offer triple the amount that was available in prior years. Completed forms must be returned to your agency’s human resources department or NYCAPS personnel. For more information, visit nyc.gov/fsa.