News Headlines Article

CalPERS health insurance will cost more next year, but not as much more as insurers wanted
Sacramento Bee

Health insurance premiums for CalPERS members are going up next year, but rates will be lower than insurers initially requested, according to 2020 rates published Tuesday.

Premiums will go up 4.65 percent on average next year. Last month, insurers submitted requests for increases to CalPERS that would have raised rates by an average of 7.2 percent.

At last month’s meeting, CalPERS staffers said some insurers likely would reduce premiums for competitive reasons after seeing one another’s published rates. Board members strongly encouraged staff to do all they could to tamp down rate hikes.