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Premium Rate and Payment

Premium rates for Retiree coverages are set by the Legislature. Participants who become a Retiree after October 1, 2009, pay 20 percent of the total health care rate.

Participantsí monthly Retiree Insurance premiums are deducted from their Retiree Incomes by their Providers. The Providers forward the premiums to the Plan Administrator who remits them to the Group Insurance Commission on behalf of Retirees.

 

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