Opt-Out Credit

Health Insurance Opt-Out Credit for Retirees

If you are a retiree who has other group health insurance that is comparable to the Texas Employees Group Benefits Program (GBP) health insurance, you are eligible to Opt-out of your health insurance. Eligible retirees can sign up for the Health Insurance Opt-Out Credit to apply toward the premium of certain optional benefits.

Health Insurance Opt-Out Eligibility

  • Retirees from full-time employment: 
    • earn up to a $60 credit toward your GBP dental and/or vision insurance premium(s),
    • must be eligible for the state contribution toward your GBP health insurance and
    • must be able to certify that you have comparable health insurance coverage. Medicare does not count as comparable health coverage.
  • Retirees from part-time employment: 
    • earn up to a $30 credit toward your GBP dental and/or vision insurance premium(s),
    • must be eligible for the state contribution toward your GBP health insurance and
    • must be able to certify that you have comparable health insurance coverage. Medicare does not count as comparable health coverage.

Waiving Health Insurance

Keep in mind that your drug benefits are part of your health benefit. If you opt-out of your health plan, you are also giving up your prescription coverage. By waiving coverage, you no longer have the Basic Term Life coverage.

You cannot participate in the Health Insurance Opt-Out Credit if you are not eligible for the state contribution toward your health insurance premium, for example, if you are a surviving family member.