Health Insurance Update
Last Friday, June 3rd, The Employee Benefits division presented in two separate committees and we wanted to provide a quick summary and provide you with the meeting documents.
EBD has requested that the state's contribution to the health insurance plan increase from 65% to 80% over duration of five years. Analysis; This is great for state employees as it will have great potential to eliminate the need for large, one time increases in premiums.
United Healthcare has been selected to be the administrator of the retiree Medicare Advantage plan.
The plan mirrors the current plan and includes an opt out clause.
These requests passed the Board of Finance and will go the Arkansas Legislative Council - Employee Benefits Advisory Committee on June 15th for a final vote.