(10/24/2014)
WV's public insurance carrier PEIA says after three years of spending down its reserve fund in lieu of premium increases, the fund will bottom out in 2015-16, forcing the agency to come up with nearly $40 million of benefits cuts to those insured, included teachers and virtually all public employees.

PEIA Executive Director Ted Cheatham told legislators Wednesday there is no other option but to cut benefits.

PEIA has proposed a menu of options for cutting the $40 million in benefits. Those options primarily involve increasing co-pays, deductibles, and out-of-pocket maximums for a variety of medical and prescription drug benefits, but also include a couple of options for eliminating coverage for services.


Hur Herald ©from Sunny Cal
The information on these pages, to the extent the law allows, remains the exclusive property of Bob Weaver and The Hur Herald. information cannot be not be used in any type of commercial endeavor, or used on a web site without the express permission of the owner. Hur Herald published printed editions 1996-1999, Online ©Hur Herald Publishing, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019