Rising health care and pharmacy costs mean current and retired state employees will face health insurance rate hikes ranging from 8 percent to 25 percent beginning July 1, leading to monthly premium increases of $8 to $53 depending on the number of dependents and the plan type.
Rising health care and pharmacy costs mean current and retired state employees will face health insurance rate hikes ranging from 8 percent to 25 percent beginning July 1, leading to monthly premium increases of $8 to $53 depending on the number of dependents and the plan type.
The state’s health insurance program is expected to use about $7.3 million from its catastrophic reserve fund to subsidize the monthly premium increases.