CHARLESTON, W.Va. -- State employees and others with health coverage through the Public Employees Insurance Agency won't see a premium increase next year.
But co-pays, deductibles and out-of-pocket expenses could go up for some state and public school workers under the proposed PEIA 2013-14 financial plan unveiled Thursday.
PEIA will hold public hearings about possible plan changes in six West Virginia counties in November. The agency's Finance Board will vote on next year's plan on Dec. 6, and the changes will take effect July 1.
"Actually, we're offering price reductions in three of our four [health insurance] plans," said Ted Cheatham, PEIA's executive director. "We are going to give people an incentive to switch to a lower benefit plan."
The overwhelming majority of state employees who receive health insurance coverage through PEIA take part in the agency's "Cadillac" plan that costs the most, but provides the best benefits.
The agency is considering a host of options to increase revenue or decrease expenses by $13 million to $15 million. PEIA received no increase in state funding for the upcoming fiscal year.
On Thursday, the PEIA Finance Board examined several proposed benefit changes to the agency's most popular plan, such as increasing co-pays for specialist physicians from $25 to $40 per visit. That would increase revenue by $3 million.