Flexible Spending Accounts

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MSC Buy-Out Waiver Program

The MSC Health Benefits Buy-Out Waiver Program allows eligible employees who can obtain non-City group health benefits to waive their New York City health benefits in return for an annual cash incentive payment. 

This video provides an overview of the Buy-Out Waiver program, including the amount of the incentive, eligibility and how to enroll in the Program.

 

2017 Annual Incentive Amounts:

• $1,000 to employees with family coverage who waive City health benefits.
• $500 to employees with individual coverage who waive City health benefits.

 

2016 Anual Incentive Amounts:

• $3,000 to employees with family coverage who waive City health benefits.
• $1,500 to employees with individual coverage who waive City health benefits.

 

For questions about the MSC Buy-Out Waiver Program, please call: (212) 306-7507.