PEIA approves plan with no premium increases for coming year

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By Brad McElhinny, WV MetroNews

December 18, 2020

The Public Employees Insurance Agency approved a plan for the coming fiscal year that holds premiums steady, but the agency is also looking ahead to the possibility of increased costs for the following year.

The coming year’s plan was approved Thursday afternoon by the PEIA Finance Board, following a series of public hearings around the state.

Growing out-of-pocket costs were a major factor in a statewide teachers strike two years ago. But the plan has been stable since then.

Dale Lee, president of the West Virginia Education Association, praised finance board members for their cooperation and communication. “I want to thank you for your diligence,” Lee said Thursday afternoon.