CHARLESTON — Proceeding with care and consideration of the plethora of academic and social challenges that came with the COVID-19 pandemic, the West Virginia Board of Education saw Wednesday that
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Today
Some clouds. Slight chance of a rain shower. Low around 45F. Winds WNW at 5 to 10 mph..
Tonight
Some clouds. Slight chance of a rain shower. Low around 45F. Winds WNW at 5 to 10 mph. Updated: April 12, 2021 @ 3:25 pm
PEIA Finance Board members Thursday unanimously approved 2021-22 coverage plans with no changes in premiums, benefits, co-pays or deductibles for state and non-state public employees, and for all retirees.
However, PEIA executive director Ted Cheatham said Thursday that will not be the case when the board meets in December 2021 to approve the 2022-23 plan.
âIt is anticipated we will have changes of some sort next year,â he advised.
âWe will need some additional funding to keep the plan the way it is for [2022-] 23,â Cheatham added.
Currently, actuarial projections are that state plan employer premiums will need to increase by $41 million, an 8.4% hike, for the 2022-23 plan year, which under the 80-20 employer/employee ratio for premiums under state law would require a $10.3 million increase in employee premiums.