The Healthcare Employees’ Benefits Plan (HEBP) Board of Trustees has approved premium increases for the Healthcare and Dental Plans, effective June 1, 2023.
As we have seen over the last few years, costs continue to increase due to a rise in utilization along with ongoing inflationary pressures. These increases will help maintain the financial stability of the Plans.
Monthly Premium Increases
|
|
Before Increase
|
Effective June 1, 2023
|
|
|
Coverage Type
|
Employee
Pays
|
Employer
Pays
|
Employee
Pays
|
Employer
Pays
|
Monthly
Increase
|
| Single Healthcare |
$20.12 |
$20.12 |
$20.62 |
$20.62 |
2.5% |
| Family Healthcare |
$50.21 |
$50.21 |
$51.46 |
$51.46 |
2.5% |
| Single Dental |
$19.47 |
$19.47 |
$20.44 |
$20.44 |
5.0% |
| Family Dental |
$56.82 |
$56.82 |
$59.66 |
$59.66 |
5.0% |
Please note premiums are deducted one month before the effective month of the coverage. The new premium amounts will be deducted in May 2023 for June 2023 coverage.
For members enrolled in Single coverage, the overall increase for both Plans is $1.47 per month. For members enrolled in Family coverage, the overall increase for both Plans is $4.09 per month.