Thursday, February 29, 2024

2021 PEBB Medical Premiums Available

2021 PEBB Medical Premiums Available

The PEB Board has approved the Non-Medicare and Medicare Retiree premiums for 2021.  The Uniform Medical Plan-Classic Medicare (UMP) premium will rise by $15.76 per month (4.9%), while most other plans will have more modest increases.  UMP continues to face cost pressures from specialty medications, but these increases are not as high as retirees have seen in recent years.

Beginning in 2021 Medicare retirees will have the option of selecting from one of two new Medicare Advantage-Prescription Drug (MA-PD) plans.  These new plans offer lower premiums and no difference between in-network and out-of-network services, but may not be the right fit for those with chronic condition or complex prescription regimens.  RPEC also continues to have concerns about the long term health of the Medicare program as more emphasis is placed on Medicare Advantage plans which receive larger subsidies than traditional Medicare plans and receive less oversight from the Office of the Insurance Commissioner (OIC).

It is important for retirees to evaluate their options for coverage carefully and to seek out qualified and un-biased advice if they have questions.  The Statewide Health Insurance Benefits Advisors (SHIBA) program from OIC can provide free, unbiased and confidential help with Medicare and health care choices to people of all ages and backgrounds.  They can be reached at 800-562-6900

2021 PEBB Non-Medicare Retiree Premiums

2021 PEBB Medicare Retiree Premiums


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