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WV PEIA To Cut Premiums By $10 In Fiscal 2015

Reported by: Send eMail Associated Press
Web Producer: Jeff Morris
Reported: Dec. 11, 2013 1:13 PM EST
Updated: Dec. 11, 2013 1:21 PM EST

Eyewitness News Photo
Eyewitness News Photo

Charleston , Kanawha County , West Virginia

The Public Employees Insurance Agency will give state and public employees a break on health insurance premiums next year.

Beginning July 1, 2014, premiums will be reduced by $10.

PEIA Director Ted Cheatham said the reduction is due to the ending of a program that provided blood tests in the workplace. These services will be shifted back to physicians' offices.

Cheatham also said there will be no rate increases or benefit changes for retirees.

The Charleston Daily Mail reported that Cheatham discussed the PEIA's finances Tuesday during an interim legislative meeting.

He told lawmakers that the PEIA is well below its budget because of good investments. The active employees' program is about $30 million ahead of projections, and the retiree program's trust fund is about $80 million ahead.

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



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