Articles about Local Insurance that may be useful to Massachusetts retirees
Tasked With Reducing Retiree Insurance Costs
JULY 2012 VOICE: Retiree and labor advocates are keeping a close eye on the new Special Commission on Retiree Healthcare that is now entering its 3rd month of deliberations.
Cite Current & Future Costs
JULY 2012 VOICE: As the strongest advocates for cuts in pension and healthcare benefits, neither the Mass. Taxpayers Foundation (MTF) nor the Mass. Municipal Association (MMA) should be unknown to most public retirees.
Peabody & Orange Eye January Entry
JUNE 20, 2012: A newly enacted change to insurance law has opened the door for mid-year entry into the state’s Group Insurance Commission (GIC). Unless otherwise provided by special act, enrollment in the GIC has traditionally begun on July 1.
Under Chapter 118, the FY13 Supplemental Budget signed into law by Governor Patrick on June 19, 2012, municipalities may now also enter the GIC on January 1, if they notify the agency of their intention to do so by July 1 of the previous year.
State's 1.43% Bucks Trend
MAY 2012 VOICE: With national health costs struggling to stay below 100% increases and our state’s public sector critics crying “budget busters”, the Commonwealth’s Group Insurance Commission’s (GIC) FY13 rate increase of just 1.43% has to be headline news.
Prohibits Mid-Year Copayment/Deductible Increases
MAY 2012 VOICE: Following through on a commitment made during the Municipal Health Care Reform debate last summer, Governor Deval Patrick has signed into law a provision that prohibits the state’s Group Insurance Commission (GIC) from mid-year increases in copayments or deductibles.
11,000 New Municipal Enrollees
MAY 2012 VOICE: Lowell is not the only municipality whose retirees and employees will be enrolled in the state’s Group Insurance Commission (GIC) beginning July 1 (see March Voice). Seven other communities have also notified the GIC that they will be transferring their retirees and employees this July.
Presents Report To Special Commission
JUNE 1, 2012: The Special Commission on Retiree Healthcare held its second meeting on Thursday, May 31. Similar to its inaugural meeting in April, the Commission used this meeting to continue its fact-finding inquiry into both state and local retiree healthcare benefits.
3% COLA Approved & GIC Rates Maintained
APRIL 25, 2012: This week, debate is underway in the House of Representatives over the Fiscal Year 2013 State Budget. The weeklong debate will consider over 850 amendments to the $32 billion budget proposal.
Recent Insurance & Pension Reforms May Lower Costs
APRIL 6, 2012: On Thursday, the Special Commission to Study Retiree Healthcare held the first of its seven scheduled meetings at the State House. With 9 of its 11 members present, the Commission heard from a series of experts who outlined the complex issues under consideration.
Focus On Retiree Insurance Cost
APRIL 3, 2012: As we have previously reported, the Association will take part in the Special Commission on Retiree Health Care that gets underway Thursday, April 5.
The eleven-member Commission, created within Chapter 176, Acts of 2011 (Pension Reform), is tasked with further exploring various means by which retiree health insurance costs might be lowered.