The Health Benefits Buy-Out Waiver Program allows City employees who are covered under a health insurance plan through an employer other than the City of New York or through a spouse's plan to waive their City health insurance and receive a cash incentive.

Employees waiving family coverage receive $1,000 annually Employees waiving individual coverage receive $500 annually

Payments are made in two equal installments in June and December and are subject to tax. Payments for the Health Benefits Buy-Out Waiver program are included in your taxable wages in Box 1 of your W-2.

Learn more about your W-2 Wage and Tax Statement

You can enroll in the Health Benefits Buy-Out Waiver program within 31 days of becoming eligible for benefits or during the open enrollment period in October.

Find out more on the Office of Labor Relations Web site