CalPERS Approves Plan To Increase Premiums by an Average of 9.1%
The CalPERS Board approved a plan from its Health Benefits Committee to raise health insurance premiums by an average of 9.1% for its 1.3 million members, Capitol Weekly reports.
The increases would take effect by 2011.
The plan includes:
- A 10.6% increase in premiums for basic HMO plans;
- An 8.6% increase in premiums for basic PPO plans; and
- A 3.4% increase in premiums for Medicare beneficiaries.
CalPERS Board President Rob Feckner said in a prepared statement, "This increase mainly reflects higher costs that plans anticipate for hospital, medical and prescription drug use next year -- not from members using more services or the new federal health care law."
Other measures approved by the board include:
- Increases to state law enforcement's health care premiums;
- Increases in premiums for individual health plans;
- Changes to pharmacy coverage; and
- Changes in copayments for bariatric surgeries.