Latest from Mass Retirees
MARCH 3, 2017: This week the Commonwealth’s Group Insurance Commission (GIC) voted to set insurance plan rates for FY18, which begins July 1.
Rates for the popular Optional Medicare Extension (OME) plan will increase by 1.6%. Last year rates for this plan decreased by 7.1%.
Retirees not eligible for Medicare, who are insured under the GIC’s Indemnity Plan with CIC coverage (run by UniCare) face a 3.6% increase. The average increase across all GIC sponsored plans is 3.8% for the coming year.
GIC Lowers Medicare Copayment
FEBRUARY 10, 2017: The state’s Group Insurance Commission is scheduled to meet on Tuesday, February 14th to finalize plan design and rates for FY17, which begins July 1.
Together with a coalition of active employee unions, our Association has called upon Governor Charlie Baker and the GIC to reconsider its plan to increase out-of-pocket costs. Baker, like past governors, controls all appointments to the Commission.
WASHINGTON — He’s known as the insider’s insider, a veteran relationship-builder on Capitol Hill, a quiet dealmaker.
Now the low-key, pragmatic Massachusetts lawmaker, Representative Richard Neal, is facing a challenge that could win him a new title: Miracle-worker.Read Full Article: Boston Globe
The following is special message from Association President Frank Valeri:
This coming January, the Massachusetts State Retirement Board (MSRB) will implement the first phase of its new information system, MARIS, replacing the Board’s current forty-year-old computer system.
For retirees of the Massachusetts State Employees’ Retirement System (MSERS), the first monthly benefit payment using MARIS will be the regularly scheduled payment for January 2017.
Howard Gleckman, Forbes Contributor
During his presidential campaign, Donald Trump was largely silent on Medicare, though he often suggested he’d leave the program untouched.
Not any more. It now looks as if Trump may push for major changes in the principal health care program for older adults and some younger people with disabilities. But what will he do?Read Full Article: Forbes Magazine