Payment Changes (Ongoing Reimbursements)
If you have established an automatic monthly reimbursement of medical, dental, or long-term care insurance premiums, you must notify MSRS when there is a coverage or premium amount change. The insurance provider never contacts MSRS directly.
Type of Change
|How to Report Change to MSRS|
|Insurance provider change |
(including going on Medicare Part B)
|Complete a Reimbursement Request form and submit to MSRS along with documentation from your insurance provider.|
Premium amount increase
Complete a Reimbursement Request form and submit to MSRS along with documentation from your insurance provider.
Premium amount decrease
Call MSRS at 1-800-657-5757 to request a premium amount change
Discontinue insurance coverage OR no longer wish to receive reimbursement of insurance premiums.
|Call MSRS at 1-800-657-5757 to request a premium amount change.|
What if I don't report changes to MSRS?
If premium decrease, you will receive an over-payment from your HCSP account, which could be subject to federal and state taxes (normally, payments from the HCSP are tax-free).
If premium increase, you aren’t required to report a premium increase if the insurance provider did not change; however, you will continue to be reimbursed for the lower premium amount.
Timeline to notify MSRS
MSRS must receive your request to adjust ongoing payments by the 15th of the month, one month before the change is to occur. For example, if your premium amount will increase on January 1, you must notify MSRS by December 15.