Starting Jan. 1, Ohio Public Employees Retirement System is downsizing the health care offerings for retirees under age 65. The sign-up has hit snags.
Starting Jan. 1, Ohio's largest public employee retirement system is downsizing the health care offered to retirees under age 65.Instead of providing group medical and prescription coverage,
OPERS is the largest pension fund in Ohio and the 11th largest in the nation. It has about $112 billion invested for 1.2 million employees, retirees and beneficiaries. The pensions are funded by employee and employer contributions and investment returns.OPERS contracted with Via Benefits by Willis Towers Watson to help retirees look for coverage and figure out the reimbursement system.
The new program is overly complex and offers few choices beyond the Affordable Care Act marketplace, he said. OPERS contract with Via Benefits includes penalties when the company fails to meet monthly and quarterly performance benchmarks, Brown said. Retirees younger than 65 need to enroll in the new health reimbursement arrangement and pick a new coverage plan by Dec. 31. About 72% of 35,000 retirees in this category have already done so.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Suspect crashes into elementary school during Ohio State Highway Patrol chasePolice said the chase broke out after 25-year-old Eduardo Albert Osorio-Samperio fled from a traffic stop.
Read more »
Problems In California And Ohio Highlight DNA Flaws In Online LearningOnline education has DNA flaws. Two of those showed in big ways in recent weeks.
Read more »
Ohio State On Schedule For Tuesday Return Against New Orleans After Sunday Practice SessionA COVID-19 outbreak cost the Buckeyes their past two games, but Ohio State returned to practice Sunday ahead of Tuesday's scheduled matchup with New Orleans.
Read more »
Ohio State Betting on Potential, In-State Talent By Bringing in DeaMonte Trayanum As a LinebackerBy bringing in DeaMonte Trayanum as a linebacker, Ohio State is betting on the upside of a talented Ohio native who the Buckeyes have long believed in as a defensive prospect.
Read more »
Ohio State's Professed Strong Culture Will Be Put to the Test in the Rose BowlWith Ohio State falling short of its goals this season, a consolation prize Rose Bowl matchup with Utah will provide an interesting litmus test for the program's culture.
Read more »
Ohio reports 48-hour increase of 20,917 new COVID-19 casesAs of Sunday, the Ohio Department of Health said 1,931,908 coronavirus cases have been reported since the start of the pandemic.
Read more »