The Public Employees Benefits Board approved the 2018 health care plans and associated premiums at their meeting this week.
The materials from the meeting, including information on how much each plan will cost, can be found here.
Highlights are on the following pages:
- Page 32 is the most important since it shows the dollar and percentage increases (or decreases) for each plan. UMP Classic premiums are rising 8.5% on average, while UMP Plus is going down 31.5%. Enrollment for the UMP Plus plan grew significantly in 2017 – going from 10% of enrollments to 16%. With this premium decrease, enrollment is expected to go much higher in 2018.
- Page 36 has a good layout showing the plan changes from the previous year.
Open enrollment is in November 2017. Please let us know if you have any questions.