Articles about Health Insurance that may be useful to Massachusetts retirees
Mass Retirees has called on the state’s Group Insurance Commission to reconsider the decision to consolidate health plans, cap copayments and deductibles, and institute a new approval process for health plan selection and plan design that invites public comment.
By Matt Murphy
STATE HOUSE NEWS SERVICE
Harvard Pilgrim & Fallon Dropped; Tufts Now Medicare Only
JANUARY 19, 2018: Thursday, the state’s Group Insurance Commission (GIC) shocked enrollees by voting to drop Harvard Pilgrim Healthcare and Fallon as providers. The move also relegates Tufts to a Medicare Supplement and Medicare Advantage plans only. All changes take effect on July 1, 2018 with the start of the new fiscal year.
Vote Scheduled Thursday 1/18
Legislature Eyes Changing GIC Compesition
If legislative action this fall is any indication, 2018 may finally be the year when Mass Retirees gains a seat on the state’s Group Insurance Commission (GIC).
Affordability Subcommittee Created
Following months of discussion and review, the State’s Group Insurance Commission (GIC) is expected to decide on insurance carriers and health plan benefits design early in 2018. The pending decisions by the GIC come at a time of growing concern regarding the ability of retirees and employees to afford escalating costs.
Standard Monthly Payment Now $134
With the official news this fall that Social Security would be paying a 2.0% COLA (Cost-of-Living Adjustment) in 2018, members may have been looking forward to some extra money in their SS check. This 2% COLA will produce an average increase of $27 in monthly SS benefits next year.