The state Public Employees Insurance Agency Finance Board approved the plan for fiscal year 2025 on Thursday, December 7. The plan adopted at the Finance Board meeting was the same plan that had been discussed at the public hearings. The following increases would be for the fiscal year that starts next July 1.
- An average of 10.5% premium increase and no benefit changes for state employees.
- No changes in premiums or benefits for retirees who are eligible for Medicare.
- A 10% premium increase and no change in benefits for people who have retired but are not yet eligible for Medicare.