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Premium Rate and Payment

Premium rates for Retiree coverages are set by the legislature. Currently, Retirees pay 15% of the total health care rate.

Participants’ monthly Retiree Insurance premiums are deducted from their Retiree Incomes by their Providers. The Providers forward the premiums to the Plan Administrator who coordinates, reconciles and remits them to the Group Insurance Commission on behalf of Retirees.