State Employee Health Insurance Premiums on the Rise: What's Behind the Increase?
Friday, 5 April 2024, 18:01
The Surge in Health Insurance Premiums
The state's health insurance program is facing a substantial increase in monthly premiums.
Financial Implications for Participants
- Current employees and retirees will be affected by the rise in premiums.
- $7.3 million from the catastrophic reserve fund will be utilized to subsidize the increases.
Understanding the factors driving this surge is essential for all involved.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.