Tag: retiree health insurance

Health insurance refunds coming to 75,000 retired Illinois workers

Logan B.
Health Insurance Illinois

State workers to receive insurance refunds from the state due to ruling by the Illinois Supreme Court Approximately 75,000 retired Illinois workers may be receiving refunds on their health insurance coverage in February next year. The refunds are part of an ongoing legal battle that began centered on a law that was passed in 2012. The law required retired workers to cover the insurance costs with a portion of their pensions. A recent ruling from the Illinois Supreme Court requires insurance companies to return this money to policyholders. State law…

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Insurance benefits for early retirees causes stress to the Tucson system

G. Turner
health insurance for retirees

City employees have been enjoying having the government pick up the tab, but it is an expensive one. In Tucson, Arizona, as is the case in many cities across the country, when workers retire before the point that they are eligible for Medicare – at the age of 65 years – they are able to avoid the cost faced by most private sector employees, in which they would have to bear the cost of their own health insurance plans during the span between retirement and Medicare eligibility. Last year, the…

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Illinois lawmakers look to abolish free health insurance for retirees

Nordstrom
health insurance for retirees

Bill would have retired state officials pay for their health coverage Illinois legislators are currently debating a bill that would abolish premium-free health insurance for retired state officials. Senate Bill 1313 was approved by the House Executive Committee this week and will continue its legislative journey, which has yet to be met with any significant opposition. The bill would require retired state officials to pay for their health insurance coverage. These retirees would pay for their coverage regardless of how long they have worked for the state. Initiative could solve…

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S.C. Budget and Control Board raises rates on public employee health insurance.

The South Carolina Budget and Control Board has voted to increase the premiums of the state-run health insurance program that offers coverage to public employees. The board voted Tuesday to raise the rates of the program by 4.5% total which will be put into effect at the beginning of next year. More than 400,000 state employees are covered by the program as well as 100,000 retirees. The vote has drawn some criticism from state workers who argue that the increase is unjustifiable. Employees of the state say that they had…

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