PEIA Stability and Sustainability Act of 2026 aims to stabilize and sustain West Virginia's Public Employees Insurance Agency.

The PEIA Stability and Sustainability Act of 2026 establishes a permanent PEIA Stabilization Reserve Fund to offset premium increases and stabilize costs. It protects retirees by limiting premiums for those with low pension incomes and ensuring the state pays full premiums for retirees in Medicare Advantage plans. The act sets employer-employee cost-sharing ratios and mandates an Independent PEIA Oversight Board to review actuarial projections and solvency reports.

PEIA Stability and Sustainability Act of 2026 aims to stabilize and sustain West Virginia's Public Employees Insurance Agency.

The PEIA Stability and Sustainability Act of 2026 establishes a permanent PEIA Stabilization Reserve Fund to offset premium increases and stabilize costs. It protects retirees by limiting premiums for those with low pension incomes and ensuring the state pays full premiums for retirees in Medicare Advantage plans. The act sets employer-employee cost-sharing ratios and mandates an Independent PEIA Oversight Board to review actuarial projections and solvency reports.