Articles about Health Insurance that may be useful to Massachusetts retirees
WASHINGTON — Concerned about the rising prevalence and sophistication of identity theft, most private health insurance companies have abandoned the use of Social Security numbers to identify individuals. The federal government even forbids private insurers to use the numbers on insurance cards when they provide medical or drug benefits under contract with Medicare.
Open Enrollment Begins
APRIL 7, 2015: At the proverbial 11th hour, U-Mass Medical Group agreed to a new contract with the state’s Group Insurance Commission and its basic indemnity plan carrier, UniCare.
For months U-Mass Medical had baulked at agreeing to a new UniCare contract, despite repeated attempts by the GIC and UniCare officials to broker a deal. The dispute was reportedly due to a disagreement over reimbursement rates paid to U-Mass. Officials claimed that the rates offered by the GIC through UniCare were too low.
The Massachusetts health care industry’s traditional system of paying doctors for every office visit, test, and procedure may be nearing its end.
Governor Proposes Higher Employee Contributions
MARCH 5, 2015: Monthly insurance premiums for the 425,000 enrollees of the state’s Group Insurance Commission (GIC) will increase starting in June.
The increase in monthly premiums is the result of higher medical inflation across nearly all GIC plans. Essentially, the price of medical care and prescription drugs is once again on the rise.
Reduces Costs by $145m Over Three-Years
FEBRUARY 18, 2015: Following an extensive search process, the state’s Group Insurance Commission (GIC) voted to retain CVS CareMark for at least another three-years beginning July 1, 2015. The Rhode Island-based firm has been the pharmacy benefits manager (PBM) for the GIC’s UniCare plans since 2010.
Association Deeply Opposes $60m Cost Shift
FEBRUARY 17, 2015: Over the objections of our Association and union representatives, the Commonwealth’s Group Insurance Commission (GIC) voted to increase copayments and deductibles for Fiscal Year 2016, beginning July 1, 2015.
While this increase marks the first of its kind in more than five years, Association officials strongly oppose what we view as further cost shifting onto the backs of retirees and employees who utilize their insurance benefits.
GIC Holds Annual Public Hearing
February 4, 2015: Association officials were present and offered testimony at the state Group Insurance Commission’s (GIC) annual public hearing held today at the State House.
Adds Pressure to Growing State Budget Gap
DECEMBER 19, 2014: As reported in the January 2014 edition of the Voice, the state’s Group Insurance Commission (GIC) is grappling with a significant budget deficit for the current fiscal year.
However, it now appears that the problem is more significant than previously thought. At today’s GIC meeting, Executive Director Dolores Mitchell characterized the deficit as being “north of $120 million” – some $70 million higher than previously thought.
Budget Shortfall Could Trigger Benefit Changes in 2015
NOVEMBER 21, 2014: At its monthly meeting, the state’s Group Insurance Commission discussed a growing concern for the health plan administrators, as well as our Association – a growing multimillion dollar budget shortfall, combined with a downturn in state tax collections.
MTF Report Misleading
OCTOBER 1, 2014: Last week, the Mass. Taxpayers Foundation (MTF) released its latest report on municipal retiree health insurance. As expected the report finds that the cost of municipal health insurance plans is unsustainable, and as such, benefit reductions are called for. Click here to view the report.