Local Insurance

Articles about Local Insurance that may be useful to Massachusetts retirees

COMMISSION FOCUSES ON HEALTHCARE FINANCES

COMMISSION FOCUSES ON HEALTHCARE FINANCES

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.

HEALTH CARE COMMISSION GETS UNDERWAY

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.

Group: Localities saved $80 million after curbing benefits

Boston Globe
March 20, 2012

A taxpayer group said Monday that Massachusetts cities and towns have saved $80 million on health care since the state enacted a controversial law last year that forced teachers, firefighters, and other municipal employees to give up some of their collective bargaining rights.

The Massachusetts Taxpayers Foundation, a business-funded watchdog that advocated for the law, said in its report that the overhaul was likely to save more than the $100 million annually that had initially been projected by the group.

GIC ANNUAL ENROLLMENT APRIL 9 – MAY 7

15 Statewide Health Fairs Scheduled

MARCH 19, 2012: The Commonwealth’s Group Insurance Commission will hold its annual Open Enrollment period from April 9 through May 7, 2012. During this period, all retirees and employees insured under one of the GIC plans may switch their insurance coverage.

During this time period, the GIC will hold a series of Health Fairs across the state - fifteen in all.

Municipal Health Care Savings Continue to Climb

MARCH 19, 2012: Massachusetts cities and towns have reached nearly $80 million in first-year savings from municipal health care reform and are on pace to exceed by far the initial estimate of $100 million, according to the most recent data compiled by the Massachusetts Taxpayers Foundation.

ASSOCIATION PEC DESIGNEES ATTEND MUNICIPAL HEALTH FORUM

ASSOCIATION PEC DESIGNEES ATTEND MUNICIPAL HEALTH FORUM

Focus On New Municipal Insurance Law

FEBRUARY 14, 2012: Association members were among the over 200 attendees at a recent forum on the new Municipal Health Insurance (MHI) law, that was held at Boston Fire Local 718’s Florian Hall in Dorchester. They gathered together as the retiree designees on the Public Employee Committee (PEC) for their community or school district.

Annual Insurance Hearing Draws Retirees

Annual Insurance Hearing Draws Retirees

FEBRUARY 1, 2012: Over 100 employees and retirees attended today’s annual public hearing of the Commonwealth’s Group Insurance Commission (GIC) held in Minihan Hall at the Lindemann Center.

Dolores Mitchell, Executive Director of the GIC, presented an extensive update of all commission activities and an estimated projection of future needs and costs.

Mitchell started by pointing out that the Commonwealth could be under some pressure from the added costs of Federal health care reform.

Massachusetts Taxpayers Foundation says unfunded retiree health care liability is growing for towns and cities

SPRINGFIELD – This city has $761.6 million in unfunded liabilities for municipal retiree health benefits, which works out to more than $12,000 in unfunded liabilities per single-family home.

Holyoke has $300 million in unfunded liabilities, working out to about $18,000 in unfunded liability per single-family home, or about 59 percent of Holyoke’s median household income, according to a study recently released by the Massachusetts Taxpayers Foundation.

MASS. TAXPAYERS FOUNDATION: UNTIMELY ASSAULT ON MUNICIPAL HEALTH COSTS

MASS. TAXPAYERS FOUNDATION: UNTIMELY ASSAULT ON MUNICIPAL HEALTH COSTS

JANUARY 13, 2012: Yesterday, January 12th the Mass. Taxpayers Foundation (MTF) under its ubiquitous leader Michael Widmer unleashed an untimely attack on municipal health insurance costs.

A brief summary of the report was included in today’s Boston Globe, including a response by Shawn Duhamel, Legislative Liaison of our Association and Ed Kelly, President of the Professional Firefighters Union.

Huge retirement shortfall in cities reported

Group is alarmed by benefit funding

By Travis Andersen
Globe Staff  
January 13, 2012

A Beacon Hill watchdog group has released a report indicating that steep cuts to education and other public services are inevitable in 10 of the state’s most cash-strapped cities to fund the rising cost of health care for their municipal retirees, unless the Legislature makes changes.