Thousands of former North Carolina state employees and their dependents who are on the Medicare Advantage base plan will see an increase in their healthcare premiums in 2025.
State retirees and their dependents beginning next year won’t pay premiums on Medicare Advantage plans. The State Health Plan awarded Humana a new contract that will save taxpayers $590 million over three years. The savings will allow the State Health Plan to erase retirees’ monthly premiums for Medicare Advantage plans, State Treasurer Dale Folwell announced...
State Treasurer Dale Folwell hopes the General Assembly will build on its recent boost in the state’s Rainy Day Fund with a plan to make state pensions and health benefits more solvent. House Bill 651 would reduce tens of billions of dollars in long-term debt by creating an Unfunded Liability Solvency Reserve fund. The measure passed...
RALEIGH — Moving retirees to a Medicare Advantage plan could save the state of $64 million annually, said David Vanderweide, a legislative fiscal analyst. However, savings eventually could drop years to between $30 million and $40 million a year if Medicare Advantage premiums increase faster than claims to the state’s traditional health insurance increase, he said.
