PEIA plan approved for FY 2023

CHARLESTON, W.Va. – The state Public Employees Insurance Agency Finance Board approved the plan for fiscal year 2023 on Thursday, December 16. The plan adopted at the Finance Board meeting was the same plan that had been discussed at the public hearings. This plan will run from July 1, 2022 through June 30, 2023.

The approved plan for fiscal year 2023 includes: no premium increase for state employees; five percent premium increase for non-state employees; no premium increase for non-Medicare retirees; a nineteen percent premium decrease (percentages vary by policy and years of service tier and tobacco status) for Medicare retirees starting January 2022 (current plan year reduction); and no premium increase for Medicare retirees starting January 2023.

WVEA President Lee and members of WVEA who spoke at the public hearings are satisfied with the approved plan containing no increases. “I am pleased to hear the PEIA plan has no additional changes and has been a relatively stable plan over the past several years. The governor proposed to put additional money into the PEIA plan for the 2024 plan year to prevent any increases. I am confident the governor will keep his pledge. However, we must continue to lobby the legislature and ask for a long-term funding solution,” Lee said.