
HEALTH BENEFITS INCREASES
Late yesterday, AON released its “Plan Year 2024 Rate Setting Recommendation Analysis” for local governments participating in the State Health Benefits Program (SHBP), which includes a total premium rate change increase of 7.4% as follows:
“The recommended rate change for Local Government Actives is a 7% increase for medical and a 19.9% increase for the prescription drug premium rates, for a total increase of 7.3%.
The recommended rate change for Local Government Early Retirees is a 2% increase for medical and a 20.8% increase for the prescription drug prem...
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