State GIC

Articles about the State GIC that may be useful to Massachusetts retirees

GIC Rates Again Beat Trends

3.5% Increase Below State National Averages

MAY 2013 VOICE: Once again the state’s Group Insurance Commission (GIC) has been able to hold the line on insurance premium rate increases, beating both the state and national averages for an average increase of 3.5% across its offering of health plans.

Governor Files Retiree Healthcare Reform

Mirrors Special Commission Report

MAY 2013 VOICE: True to his word, Governor Deval Patrick has filed a bill (H59) to reform retiree healthcare benefits that mirrors the recommendations made by the Special Commission on Retiree Healthcare. See March Voice for Commission details, including retiree/survivor protectons.

RETIREE HEALTHCARE REFORM BILL ON HOLD

Legislative Focus On Taxes & Transportation

APRIL 4, 2013: While concern over potential sweeping changes in retiree healthcare benefits grows amongst active employees, legislative action on Governor Patrick’s H59 now appears to be on a slow track.

LEGISLATURE WEIGHS BUDGET & TAX PROPOSALS

Retiree Healthcare Reform Awaits Action

MARCH 19, 2013: For the first time in nearly a generation, government leaders are strongly weighing options that would increase state revenues – raise taxes – to pay for much needed infrastructure improvements and further investment in education.

With nearly laser-like attention being placed on the issue of taxes and the pending FY14 State Budget, legislative leaders have not begun to address the number one issue on the mind of public retirees and employees – H59, Retiree Healthcare Reform.

GIC ANNOUNCES FY14 INSURANCE RATES

Increase Below State & National Averages

MARCH 6, 2013: Once again the state’s Group Insurance Commission (GIC) has been able to hold the line on insurance premium rate increases, beating both the state and national averages for an average increase of 3.5% across its offering of health plans.

Retiree Healthcare Takes Center Stage

Commission Issues Final Report

MARCH 2013 VOICE: After more than ten months of meetings, research and intense negotiations, the Special Commission on Retiree Healthcare has completed its work. The result is a report containing a series of recommendations that will likely impact both state and local retiree healthcare benefits in the future.

GIC RETAINS RETIREE FAVORITE UNICARE

All 6 Health Plans To Continue

FEBRUARY 19, 2013: The state’s Group Insurance Commission (GIC) voted to retain all six of its current health insurance providers. While the bids have been accepted by the GIC, the specifics of the contract are now being negotiated in advance of the GIC’s March meeting.

Retirees and survivors insured under the GIC’s Optional Medicare Extension (OME) plan are very happy to see that UniCare will continue as the plan’s provider. UniCare also carries the GIC’s indemnity plan, which is widely popular for non-Medicare retirees.

GOVERNOR FILES HEALTHCARE REFORM BILL

H59 Includes Key Retiree Protections

FEBRUARY 16, 2013: This week, Governor Deval Patrick filed a legislative proposal that would significantly change healthcare benefits for future retirees, while grandfathering and protecting current retiree benefits from knee-jerk changes in contribution percentage rates.

GOVERNOR PROPOSES 3% STATE & TEACHER COLA

Budget Also Includes Full GIC Funding

JANUARY 24, 2013: Governor Deval Patrick proposed a full 3% COLA increase for eligible state and teacher retirees within his FY 2014 budget proposal filed on Wednesday. In November 2011, the state increased the COLA base for state and teacher retirees to $13,000.

COLA's for municipal and county retirees are the responsibility of local retirement systems. At this time, a number of local systems have begun discussions to approve a 3% COLA for their retirees come July 1.

GOVERNOR TO FILE FY14 BUDGET WEDNESDAY

GOVERNOR TO FILE FY14 BUDGET WEDNESDAY

Retiree Healthcare Bill Not Included

JANUARY 22, 2013: When Governor Deval Patrick files his FY 14 Budget proposal on Wednesday, it is not expected to contain legislation to reform retiree healthcare. Observers now anticipate a stand-alone bill to be filed in late January or early February that mirrors the report filed by the Special Commission on Retiree Healthcare, issued in December.