Premium hikes for state employee health plans supported

The state Board of Finance on Tuesday recommended a 5% increase next year in health insurance premiums for both current and retired employees in the state's health insurance plan for state employees.

The board also recommended changes in how wellness credits are handled.

The plan covers more than 58,000 people.

In a 6-3 vote, the Board of Finance approved a motion by board member Eric Munson for the changes, which mostly followed the recommendations made by the State and Public School Life and Health Insurance Board on April 20.

After the insurance board acted, the Legislature passed Act 1004 of 2021, which dissolved the insurance board and temporarily transferred its duties to the Board of Finance.

Read more: https://www.arkansasonline.com/news/2021/jun/02/premium-hikes-for-state-plans-supported/