SB526 modifies cost-sharing provisions for the Public Employees Insurance Agency in West Virginia.

SB526 amends the West Virginia Public Employees Insurance Act to modify cost-sharing provisions for the Public Employees Insurance Agency. The bill specifies that the finance board must develop annual financial plans to ensure fiscal stability, considering various factors such as medical inflation and employee demographics. It mandates that the finance board retain an actuary to estimate financial requirements and review proposed plans. The bill sets cost-sharing percentages at 80% for employers and 20% for employees, with adjustments for growth in health insurance expenditures.

SB526 modifies cost-sharing provisions for the Public Employees Insurance Agency in West Virginia.

SB526 amends the West Virginia Public Employees Insurance Act to modify cost-sharing provisions for the Public Employees Insurance Agency. The bill specifies that the finance board must develop annual financial plans to ensure fiscal stability, considering various factors such as medical inflation and employee demographics. It mandates that the finance board retain an actuary to estimate financial requirements and review proposed plans. The bill sets cost-sharing percentages at 80% for employers and 20% for employees, with adjustments for growth in health insurance expenditures.