Health-insurance hikes cause headaches for muncipal budgets
NYSHIP is the nation's largest public-sector health insurance program outside the federal government.
It covers about 1.2 million active and retired state, local government and school district employees and their dependents, most of whom are enrolled in NYSHIP's Empire Plan, according to the state Comptroller's Office.
Depew said that when NYSHIP provided its final rate increases around
Rates for NYSHIP's family plan will see a 12.17 percent increase, and those in the single plan will see a 11.23 percent increase.
Other plans, like
The higher-than-expected increases added about
But the announcement from NYSHIP came too late for Depew to adjust the town budget, which was already tight because of the state tax levy cap.
"We left
While the cap only allowed for a
And what about governments that adopted budgets early, before they knew the final rates?
"Those who adopted a budget are stuck with it," Sweeton said.
Health insurance increases next year are a nationwide issue and not unique to NYSHIP. But the program's rates in particular affect local budgets, where public-sector unions often spell out the program's coverage in contracts.
He said the department does its data analysis on claims in September and early October to get the lowest rates.
"Although health-care costs continue to trend upwards nationwide, the department works hand-in-hand with the
Depew said NYSHIP releases its final health insurance rates too late in the year for some towns to meet budget deadlines.
He said
The final figures took him by surprise, too. Decker said the state needs to step in with more aid to municipalities.
"The state of
Decker said the state tax levy cap only allows
Decker expects
The 12.17 percent increase for NYSHIP family plans was higher than
The county's budget line for an increase of
Rodriguez acknowledged those increases are harder for smaller governments to manage.
"I went into budget season with a 7 or 8 percent increase with NYSHIP," Quigley said. "I share the frustration with my fellow supervisors."
___
(c)2016 The Times Herald-Record, Middletown, N.Y.
Visit The Times Herald-Record, Middletown, N.Y. at www.recordonline.com
Distributed by Tribune Content Agency, LLC.


Experienced Asset Protection Attorney Explains how Domestic Asset Protection can be Coupled with International Asset Protection
Insurance Commissioner’s Enforcement Action against Zenefits Results in Multi-Million Dollar Penalty
Advisor News
- The inheritance gap: Helping clients plan for money that hasn’t arrived
- After the midterms: Addressing your clients’ tax concerns
- Berkeley arts tax heads toward passage while public bank measure looks likely to fail
- Americans’ sense of overall prosperity still ticks upward
- Turning expanded eligibility into a better coverage plan for federal clients
More Advisor NewsAnnuity News
- Annuity sales hit record $126.3B as RILA sales top $25B
- More pre-retirees rethink retirement as income-planning concerns grow
- AM Best Affirms Credit Ratings of Knighthead Annuity & Life Assurance Company and Merit Life Insurance Co.
- Jackson reports record annuity sales, increases share repurchase authorization
- Why the market doesn’t need more carriers
More Annuity NewsHealth/Employee Benefits News
- STATE AUDITOR JAMES BROWN HELPS STOP ADDITIONAL $9.5M IN UNSUPPORTED PAYOUTS CONNECTED WITH OBAMACARE FRAUD SCHEME, BRINGING TOTAL SAVINGS TO $55.6M
- Will CVS corporate break-up impact Aetna’s Hartford campus? Not for ‘time being’
- Open health insurance enrollment: What it means for your taxes
- AFTER TRUMP'S 'BIG, UGLY BILL' KICKED MORE THAN 46,000 NEW YORKERS IN THE HUDSON VALLEY OFF HEALTH INSURANCE EARLIER THIS YEAR, SCHUMER INTRODUCES NEW LEGISLATION TO REVERSE CUTS AND RESTORE HEALTH CARE COVERAGE
- BENNET URGES ACTION AS COLORADO HEALTH INSURANCE PREMIUMS RISE FOR 2027
More Health/Employee Benefits NewsLife Insurance News
- Samsung Fire & Marine Insurance to Acquire Outstanding Stake in Canopius with KKR and KIC
- Start estate planning before the family needs it
- Best’s Market Segment Report: Health and Property Lines of Business Drive Hong Kong’s Non-Life Insurance Growth
- AM Best Affirms Credit Ratings of Central States Indemnity Co. of Omaha and Its Subsidiary
- National Life Group Approves $23 Million Dividends for 2027
More Life Insurance News