On Tuesday, the CalPERS Board of Administration approved the 2021 health plan rates, at an overall average premium increase of 4.32 percent.
Basic (non-Medicare) HMO members will see a 4.44 percent average premium increase. Basic PPO members will see an average 8.54 percent premium increase. Medicare HMO and PPO plans will see premiums decrease by 4.46 percent and 0.65 percent, respectively.
“In this time of unprecedented uncertainty, we pushed our health plans even harder to get the lowest premiums possible” said Rob Feckner, Chair of the CalPERS Board Pension and Health Benefits Committee.
The premiums will take effect January 1, 2021, and CalPERS members can change health plans during the annual Open Enrollment period, September 21 to October 16, 2020.
For more information, head to the full news release.
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