OME Prices Drop -7.2%
MARCH 4, 2016: Retirees who are enrolled in the state Group Insurance Commission’s (GIC) Option Medicare Extension (OME) plan received very good news this week – health insurance rates for FY17 will decrease by 7.2%.
Last year, OME enrollees experienced an increase of 6.5%. Two years ago, the same rates decreased 0.4%.
In addition, the GIC has voted to maintain the same copayments and deductibles that have been in effect for the past year, without any increase.