W.Va. PEIA rates capped for 2013
CHARLESTON, W.Va. (AP) — More than 100,000 West Virginia households covered through the Public Employees Insurance Agency won't see premiums rise or benefits shrink next year.
The agency's Finance Board set that course Thursday after board members cited the $4 million in additional funds pledged by Gov. Earl Ray Tomblin.
The funding allows PEIA to avoid increasing the maximum amount that families pay out-of-pocket.
Executive Director Ted Cheatham said premiums will go down for some alternative benefit plans. PEIA is also shifting the plan year for retirees so it starts on Jan. 1 instead of July 1. That will begin in 2014.
Cheatham said enrollees will have avoided premiums increases for at least two years.
PEIA covers around 76,000 state and local public employees and their families as well as round 31,000 retiree households.