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GIC to implement reduced waiting period July 1; agencies must collect missed employee premiums
Summary
The Group Insurance Commission will make benefits effective for hires who start on the first of a month beginning July 1, 2024, shortening the average waiting period from about 73 to about 15 days. Agencies will no longer rely on GIC to bill missed employee deductions and must collect retroactive amounts shown on a new adjustment roster.
Erica Chabelli, deputy executive director of the Group Insurance Commission (GIC), told coordinators at a GIC webinar that a provision in the FY2024 budget requires a reduced waiting period (RWP) for eligible new hires, effective July 1, 2024. "If you are a new employee with the Commonwealth and you start on the first of the month, then your benefits will be effective on that very first day of the month beginning July 1," Chabelli said.
The change shortens the average waiting period for coverage from about 73 days to roughly 15 days—an approximate 80% reduction, the GIC presentation showed. Chabelli and presenters emphasized that employees hired before July 1 remain subject to the existing 60-day minimum waiting period with no exceptions; hires whose effective date is any day other than the first of the month will have coverage effective the first of the following month.
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