PEIA board approves more than $50 million in cuts
By Phil Kabler, The Charleston Gazette-Mail
Public Employees Insurance Agency Finance Board members approved more than $50 million in 2017-18 plan benefits cuts for state and public school employees, many non-state public employees, and retirees on Thursday.
That includes about $28 million in benefit cuts for state and public school employees, primarily through higher deductibles and out-of-pocket maximums, totaling about $19.4 million, and mandatory 90-day fills for prescriptions for maintenance drugs for chronic conditions.
Board members representing public employees were critical of the cuts, coming less than six months after the Legislature approved a $43.5 million increase in employers’ PEIA premiums, resulting in a $14 million increase in employee premiums.