PEIA Finance Board ponders financial effects of medical procedures delayed because of pandemic

By Brad McElhinny, WV MetroNews

June 26, 2020

The Public Employees Insurance Agency, which manages the health plans of state workers and retirees, is dealing with the uncertainties of the coronavirus pandemic.

The halting of elective procedures this spring meant fewer claims were filed with PEIA, but now financial officials are assessing how many delayed medical procedures will affect the bottom line of the new fiscal year that starts July 1.

The PEIA Finance Board discussed curveballs like that during a monthly meeting Thursday that was conducted mostly by telephone.

“This has been unprecedented times,” said Jason Haught, the chief financial officer for PEIA. “If you are not aware, there is a global pandemic occurring.”