Insurance Premium Increase Lower Than Expected

Education employees will see about a 3 percent increase in their health care premiums, according to rates announced today by the Oklahoma State and Education Employees Group Insurance Board.

OSEEGIB used reserve funds to offset what originally was announced as an 11.01 percent overall increase in premium costs.

Rates announced by OSEEGIB this morning represent an overall increase of 3.04 percent for HealthChoice High premiums, effective January 1, 2013. The state pays individual premiums for certified employees and full-time education support employees. That rate will increase 3.23 percent.

"We thank OSEEGIB for finding a way to keep the overall increase from reaching double digits,” said OEA President Linda Hampton. “Education has seen three years of cuts while adding more than 22,000 students, and a huge increase in health care costs would have been devastating to our schools."

Other announced increases were 2.07 percent for a spouse’s premium, 3.23 percent for one child and 3.23 percent for two or more children on a plan. In addition to the health care premiums, dental coverage will increase 3.84 percent.


 

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