Thursday, September 07, 2006
From John Curry, September 7, 2006
Subject: Read and weep - 2007 STRS HC premiums are posted
ORTA has posted a webpage listing the dollar amounts of healthcare premiums for 2007 and I congratulate them for doing so. What the rate schedule doesn't reflect is that the benefits for 2007 have been "watered down." Higher deductibles and higher co-pays will be experienced for STRS retirees in 2007. STRS commented on how they were able to keep the premium costs down from what was expected - that is how they did it!
As an example, the 2007 healthcare monthly premium for the Medical Mutual Plus PPO (80/20) for a 30 (or more) year retiree (non-Medicare age) will be $163 per month - THE SPOUSE (non-Medicare age) WILL BE $581 PER MONTH ADDITIONAL for a total of $744 per month premiums! The tables included info for both Medicare age retirees and non-Medicare age retirees. The link below will take you to the tables.
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