Senator Tom Lee Tackles Lack of Options and Rising Cost of State Employee Health Insurance in Latest Bill
Senator
The state currently offers a Preferred Provider Operation (PPO) group-insurance plan and regional
"Our current plan offers limited choices and lacks the price transparency needed for employees and their families to make cost-effective healthcare purchases,"
SB 900 requires the Plan, beginning in 2020, to offer four levels of coverage at different price and benefit levels - bronze, silver, gold and platinum - giving employees a choice to either purchase a plan at a lower price point and share in the cost savings, pay more for top-tier coverage, or choose something at the level of the state's contribution. If the state's contribution is more than the premium cost of the health plan selected by the employee, the employee may elect to use the balance to credit their flexible spending or health savings account, purchase additional benefits or increase their salary.
SB 900 also requires the
"Our one-size-fits-all approach to insurance coverage hasn't kept pace with what's available in the private sector,"
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