W.Va. PEIA to cut premiums by $10 in fiscal 2015 - WVVA TV Bluefield Beckley WV News, Weather and Sports

W.Va. PEIA to cut premiums by $10 in fiscal 2015

   CHARLESTON, W.Va. (AP) -- The Public Employees Insurance Agency will give state and public employees a break on health insurance premiums next year.
   Beginning July 1, 2014, premiums will be reduced by $10.
   PEIA director Ted Cheatham says the reduction is due to the ending of a program that provided blood tests in the workplace. These services will be shifted back to physicians' offices.
   Cheatham also says there will be no rate increases or benefit changes for retirees.
   The Charleston Daily Mail reports that Cheatham discussed the PEIA's finances Tuesday during an interim legislative meeting.
   He told lawmakers that the PEIA is well below its budget because of good investments. The active employees' program is about $30 million ahead of projections, and the retiree program's trust fund is about $80 million ahead.

Powered by Frankly